<ul><li>Ethereum remains under pressure as the broader market sentiment struggles to shift bullish.</li><li>On the daily timeframe, ETH has failed to recover above the previous support turned resistance near $2,000.</li><li>Zooming into the 4-hour chart, ETH has formed a horizontal consolidating pattern, with lower highs compressing against horizontal support near $1,750.</li><li>From a sentiment and open interest perspective, Ethereum’s open interest has remained elevated compared to historical values in recent years.</li></ul>

Ethereum Price Analysis: Will ETH Drop Further to $1.5K After Recent Rejection?

Discover more