Ethereum (ETH) remains in a downtrend, trading near $1,800, a critical demand zone where buyers have previously defended. The cryptocurrency is constrained by descending channel lines and the 100-day and 200-day moving averages. To signal a bullish reversal, ETH must reclaim resistance levels at $2,400 and $2,800. Current support lies between $1,850 and $1,700, with potential declines to $1,600 and $1,400 if these levels fail. On the 4-hour chart, ETH fluctuates between $1,800 support and $2,150 resistance. A bullish shift requires holding $1,850 and surpassing $2,150, potentially targeting $2,400. On-chain data shows increased ETH staking, indicating long-term investor confidence, though price recovery depends on overcoming key resistance levels.