Ethereum price holds above $1,500 as bearish pressure builds

Ethereum is trading just above the $1,500 support level, with analysts warning that a break below could push the cryptocurrency toward $1,260. Key support zones are identified at $1,550 and, if breached, near $1,420, while resistance lies around $1,700‑$1,800. The on‑chain “Delta Price” metric has fallen to approximately $700, a level that historically marks deep accumulation zones and signals heightened downside risk. Institutional activity continues, with Bitmine holding about 4.6% of the total ETH supply after recent purchases, and the Ethereum Foundation now controls roughly 0.16% of ETH, focusing on long‑term ecosystem stability rather than short‑term price support.