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Ethereum (ETH) Faces Heavy Selling Pressure: Is $1,500 the Next Stop?

  • Ethereum (ETH) fell to a weekly low of $1,834, marking a 7% decline and approaching its yearly low of $1,760.
  • ETH formed a bearish flag pattern, with MACD and PPO indicating weak momentum and high selling pressure.
  • The latest inflation data from the US and upcoming tariffs by Donald Trump are affecting market conditions.
  • If Ethereum fails to hold above $1,800, it could decline further to $1,550, but breaking above $2,120 may lead to a recovery.

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