Ethereum

bullish

April

would

<p><a href="https://en.coin-turk.com/ethereum-expected-to-fall/" rel="noopener noreferrer nofollow">Ethereum</a> has fallen back to the $1,500 territory after breaching some key technical levels on its weekly chart. While derivatives market data suggests that selling pressure is beginning to subside compared to previous periods, analysts caution that the current outlook alone does not confirm a clear trend reversal.</p><h2 id="key-support-level-under-scrutiny-on-weekly-chart">Key support level under scrutiny on weekly chart</h2><p>Traded under the ticker ETH, Ethereum has retreated to an important support zone around $1,500, a region that provided crucial backing during late 2023 and amid the April 2025 correction. As a result, this area has become one of the most closely monitored by market participants from a weekly perspective.</p><p>The chart reveals a structure marked by lower highs and sharp pullbacks, reinforcing a bearish tone. Each attempt at recovery has failed to surpass previous peaks, intensifying the downward bias. During this period, ETH slipped below both its weekly 200-day Exponential Moving Average (EMA) and 200-day Moving Average (MA), found between $2,470 and $2,530. Previously reliable as long-term support, these averages have now flipped into resistance above the current price.</p><blockquote><p>According to an assessment shared by Daan Crypto Trades, ETH has surrendered the entire BMNR rally and returned to the $1,500 level, which stands out as a historically strong support zone frequently attracting buyers in past cycles.</p></blockquote><p>The reactions previously observed near this price band are also noteworthy. Similar tests in 2023 and 2025 led to robust bounces, fueling market speculation over whether this support can once again hold firm under pressure.</p><h2 id="downside-risk-which-level-is-in-focus">Downside risk: which level is in focus?</h2><p>From a technical standpoint, the current support region is considered stronger than the wick low near $1,375 seen during April 2025. Should ETH break below $1,500 and approach $1,375, downside momentum could accelerate, potentially paving the way for a deeper correction.</p><p>For Ethereum’s price, this means the cryptocurrency stands at a key decision point. If it manages to maintain footing above $1,500, buyers may seek to restore balance. Conversely, a break below this level could further entrench the weakening trend that has emerged since cycle highs.</p><h2 id="futures-market-sees-easing-pressure">Futures market sees easing pressure</h2><p>Short-term data indicates that selling pressure on Ethereum’s futures is beginning to show signs of abating. After steep declines from above $2,000, prices appear to be stabilizing within the $1,550 to $1,600 band, but analysts emphasize that the overall trend remains fragile.</p><p>Glossary: Open Interest indicates the total number of outstanding contracts in the futures market. Net position delta is used to track shifts in the balance between long and short positions; an uptick in this metric can point to waning selling pressure.</p><p>According to analyst CW, net position delta has halted its decline and started to move upward again. This indicator tracks the balance between long and short positions. The recent uptick, following a prolonged drop, suggests traders are no longer aggressively taking short positions as before.</p><blockquote><p>CW has pointed out that although downward pressure appears to be easing, it would be premature to interpret this as the start of a lasting rebound without a strong uptick in Open Interest figures.</p></blockquote><p>However, Open Interest is currently moving sideways at around 34.6 million contracts. The lack of a distinct increase indicates that substantial new capital has yet to enter the market. Analysts are watching for both Open Interest and net position delta to climb in tandem—a scenario that could signal a healthier recovery backed by rising participation and strengthening bullish sentiment.</p><p>The post <a href="https://en.coin-turk.com/ethereum-slips-below-1500-as-futures-pressure-eases/" rel="noopener noreferrer nofollow">Ethereum slips below $1,500 as futures pressure eases</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum slips below $1,500 as futures pressure eases

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