<ul><li>Ethereum price is testing a critical support level at $1.5K, with a potential risk of dropping to $1K.</li><li>Technical analysis suggests that the $1.5K support level is crucial, serving as a psychological pivot point.</li><li>Ethereum is currently trending within a bearish price channel, indicating sellers' control over the market.</li><li>Futures market sentiment indicates a decline in funding rates, suggesting sellers dominate the market, but recent buying activity near the support level could lead to a potential reversal.</li></ul>

Ethereum Price Analysis: Key Support Holds, but a Drop to $1K Remains a Risk

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