<ul><li>Ethereum is consolidating below a major resistance at $1,850 with weakening momentum.</li><li>Technical analysis shows ETH trapped below moving averages, indicating a bearish macro structure.</li><li>The local structure on the 4-hour chart is in an ascending channel, with a potential decline towards $1,500.</li><li>Open interest and funding data reflect cautious optimism, but sentiment remains cautiously neutral with a slight bearish tilt.</li></ul>

Ethereum Price Analysis: ETH Shows Early Signs Market Exhaustion After Rejection at $1,850

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