Ethereum Price Faces Stress Test at $1,800

The Ethereum price is facing another potential stress test at $1,800. If this level fails to hold, it could lead to a retest of the long-dated demand zone around $1,500.

According to analysts from Bernstein, the crypto market may bottom out and show signs of momentum towards late Q3 and early Q4, prior to the mid-term elections. This aligns with projections for the crypto market.

The Ethereum price has been on an upward trend, but still needs a strong positive catalyst to break through key resistances and trigger Fear Of Missing Out (FOMO). Analysts believe that if ETH can hold onto $1,800 support, this rally could have enough legs to continue.