Ethereum Staking Hits Record 40 Million: Why Is ETH Price Falling Instead of Rising?
If the price can break through and stabilize above $2,000 with a daily closing candle on significant volume, it will confirm the formation of a low-level double bottom or an ascending base, with a target to challenge the $2,500 resistance zone by year-end. However, if ETH fails to hold $1,800 in the short term, the price may break below the ascending trendline and seek support at the previous low of $1,500. As long as this level is maintained, the medium-to-long-term bottoming structure remains intact.