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ETHUSD Tumbles as Breakdown Below $1800 Support Signals Further Downside

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The Story

News Summary

  • Ethereum faces strong bearish pressure after breaking critical support at $1,800.
  • On-chain data reveals 'OG' wallets sold near the peak and repurchased lower, confirming smart money caution.
  • Despite a minor recovery, ETH remains below major moving averages, signaling that rallies are merely relief bounces in a downtrend.
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ETHUSD price history

2488.31 +22.77% over the displayed period

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