Ethereum price is trading around $1,830, holding above crucial support at $1,772-$1,824.
ETH failed to end April in profit, marking its fourth consecutive month with negative performance.
On-chain data shows 6.36 million ETH purchased by 4.5 million addresses at an average price of $1,799.
Support at $1,772 is key - if broken, ETH could drop to $1,500, but holding could lead to a rise to $2,100. Technical indicators show resistance at $1,835 with support at $1,785 and $1,765.