- ETH lost the 200-hour SMA, putting $1,580 back in focus.
- Sellers continue to defend the $1,760 to $1,800 resistance zone.
- Weak demand and high leverage keep the Ethereum rebound fragile.
Ethereum price is losing momentum after sellers defended the $1,760 to $1,800 zone again. ETH has recovered from June lows near $1,500, but the rebound still lacks strong spot demand. Ali Charts noted that ETH is now trading below the 200-hour SMA. He said $1,580 remains the next key target if that level is lost.
Ethereum Price Faces Strong Resistance Below $1,800
The latest ETH price action shows a rising channel with higher lows. That structure can look constructive during calm sessions. However, it can also become a slow relief move when buyers lack conviction.
The $1,800 level remains the main barrier. Sellers have repeatedly capped rallies near that area. This makes the range between $1,760 and $1,800 a clear supply zone.
Ethereum price also failed to hold momentum near the upper channel boundary around $1,770. That rejection suggests traders are still fading strength. A clean close above $1,800 would be needed to improve the short-term setup.
Ethereum Price Loses 200-Hour SMA as $1,580 Comes Into Focus
The 200-hour SMA has now become an important line for short-term sentiment. A move below it often signals weaker control from buyers. In this case, the loss adds weight to the bearish Ethereum forecast.
Ali Charts pointed to $1,580 as the next major downside target. That level matters because it sits closer to the lower trading range. It may also test whether buyers still defend June recovery levels.
The Ethereum price remains fragile because several key signals are not fully aligned. Spot demand looks soft, while leverage appears elevated. That mix can increase the risk of liquidation during sharp intraday moves.
On-chain weakness also adds caution. Declining network capital can show that fresh liquidity is not entering fast enough. It does not guarantee a breakdown, but it can limit breakout strength.
For now, the Ethereum price needs a decisive reclaim of $1,800 to change the tone. Until that happens, ETH technical analysis points to a market still testing support.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
