The price chart of Ethereum presented conflicting trends on different timeframes but it was highly likely that ETH could drop beneath the $1800 mark once again.
have declined to a monthly low but the active address count took a hit over the past week. According to Santiment data, market sentiment was also largely unaffected. Will this be enough to halt the downtrend of the past ten days?Source: ETH/USDT on TradingView
Moreover, the support zone from $1700-$1800 has served as a key area of demand for ETH investors. This was evidenced by two strong reactions from this zone in May, but both of them were unable to initiate a downtrend. Instead, prices fell to $1840 and lower still to $1778, marking it as a lower low . This came after the inability of the buyers to force their way past the $1915 resistance zone.
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