Ethereum Bulls Defend Key Support Levels

Ethereum Faces Key Resistance Amid Volatile Market Conditions

• Ethereum is trading above $1,500 after a week of market volatility.
• The $1,546 level is crucial, with 822,440 ETH accumulated there.
• ETH has lost over 50% of its value since early February.
• Key cost basis levels are between $1,457 and $1,598, totaling over 1.9 million ETH.
• A breakout above the $1,600 level could lead to a move toward $1,800.

Ethereum’s price remains range-bound as it trades at $1,580. Key resistance levels around $1,700 and support near $1,500 are critical for future price action.