ETH Price Rejection Sparks March Drop Fears

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Ether needed to hold a key support recently established at $1,800, coinciding with the lower trend line of a classic chart pattern that warns of a drop below $1,500.

Ether’s rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800.

ETH price must hold above $1,800 to avoid another leg down. 

Ether’s bearish charts and onchain indicators converge on ETH prices below $1,500. 

ETH price: $1,800 remains a key level to watch
Ether’s cost-basis distribution heatmap shows strong support recently established around $1,800. This is where about 1.23 million ETH were acquired at an average price of $1,890 over the last 30 days. 


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