Is $1.8K the Bottom? ETH Hits Critical Demand Zone (Ethereum Price Analysis)

Ethereum remains under heavy bearish pressure, with recent price action confirming a continuation of the broader downtrend. The market is currently reacting to a major sell-side expansion, and both technical structure and on-chain liquidity dynamics suggest that the asset is still navigating a critical phase where downside targets remain relevant, even if short-term relief bounces occur. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH is clearly trading within a well-defined descending channel, with the price recently accelerating toward the lower boundary of this structure. The most important observation on the chart is the clean breakdown below multiple prior support levels, followed by a sharp impulsive leg to the downside. This move confirms strong bearish acceptance rather than a simple liquidity sweep. The asset has now reached a major higher-timeframe demand zone, located around the $1.8K region, which previously acted as a base during earlier accumulation phases. The reaction off this zone has produced a modest bounce, but so far this move lacks structural strength and remains corrective in nature. Nevertheless, the market is likely to enter a consolidation-correction phase above this crucial support until a decisive breakout occurs. The main supply zone during this consolidation range is the channel’s middle line, located at the $2.3K threshold. A break above this resistance will open the door for an extended bullish retracement toward the $2.5K significant resistance. ETH/USDT 4-Hour Chart Zooming into the 4-hour timeframe, the bearish structure becomes even clearer. The most recent price action shows a sharp sell-off into demand, followed by a shallow bounce that lacks impulsive follow-through. Crucially, the rebound appears corrective and technically opens the door for a pullback toward the most recent supply zones and Fibonacci levels, located around the $2.3K to $2.6K region. These areas align with prior breakdown levels and cor...