Ethereum’s price is consolidating at a critical high-volume support near $1,800, but fading bullish participation raises the risk of a deeper corrective move and potential capitulation to the downside.
Summary
- $1,800 point of control is weakening, increasing downside vulnerability
- Sideways price action lacks bullish volume, signaling distribution risk
- Loss of support could trigger capitulation, toward the value area low
Ethereum (ETH) price action is approaching a pivotal moment as it continues to trade around a major support zone defined by the point of control (POC) near $1,800. This level represents the area of highest traded volume in the current range and has acted as temporary support following the recent sell-off. However, despite holding this …
