Ethereum Holds Steady Above Key Support Zone at $1,800-$1,850

Ethereum's price has stabilized above its key support zone of $1,800-$1,850, according to analyst Crypto Patel. The current price is $1,866.89, up 0.08% in the last 24 hours.

The daily trading volume for Ethereum hit $15.72 billion, with a market cap of $225.30 billion. This gives ETH a 10.39% share of the total crypto market.

Patel warns that if Ethereum breaks below its current support zone, it could slide towards $1,600. However, if buyers defend this range, the setup remains bullish, and price could push towards the next resistance areas at $1,925 and between $1,980-$2,000.