Ethereum stalls near $1,800 resistance as traders await breakout

Ethereum (ETH) has been trading below the key $1,800 resistance zone, hovering around $1,600‑$1,625. Analysts note that $1,800 is a high‑volume supply level where roughly 4.3 million ETH previously changed hands, making it a decisive barrier for a bullish move.

A clean close above $1,800 could open the path to upside targets near $1,980‑$2,079 and eventually the longer‑term realized price around $2,245. Technical indicators show mixed momentum: the 50‑day EMA sits near $1,806, the RSI is around 55‑57, and bullish trend‑line support is identified near $1,665‑$1,700.

If sellers hold the $1,800 wall, downside scenarios point to support around $1,500‑$1,600, with the next major floor near $1,237 and the possibility of a deeper pullback toward $1,000 if the bearish structure reasserts itself. Exchange reserve data suggest growing on‑exchange balances, which could add selling pressure.

Overall, the market remains cautious; a decisive breakout above $1,800 would signal stronger buyer control, while repeated rejections could keep ETH confined to a range below $1,800.