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Ethereum Price Sits Above Crucial Support Level — Is A Fall To $1,500 Possible?

  • Ethereum price closed April above $1,800 but had its fourth consecutive month with negative performance.
  • Latest on-chain data suggests Ethereum price is above a crucial support level that could determine its trajectory.
  • Analysts warn that Ethereum may fall to $1,500 if it loses the current support around $1,772 based on cost-basis analysis.
  • If the support level at $1,772 remains unbreached, Ethereum price could reach as high as $2,100 with no significant resistance ahead.

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