Ethereum Faces $1,800 Wall as 4.3M ETH Holds Key to Next Major Price Breakout

Ethereum tests $1,800 resistance as 4.3M ETH sits near the level, with $1,980 and $2,079 next if reclaimed.

Ethereum is testing the $1,800 resistance area after gaining about 10% over the past week. Market data shows this level remains a major supply zone for ETH.

According to the UTXO Realized Price Distribution, about 4.30 million ETH changed hands for nearly $1,800. This makes the area a key level for the next Ethereum price move.

A clear reclaim of this zone could open a move toward $1,980 and $2,079. However, another rejection may shift attention toward lower support levels.

The latest rally has come with limited growth in open interest. That suggests spot demand has supported the bounce more than fresh leverage.

Ethereum Tests Major $1,800 Resistance

Ethereum’s $1,800 level remains the main barrier for buyers after the recent weekly gain. The zone carries heavy trading history, with 4.30 million ETH linked to this price area. Therefore, a firm move above it could change the short-term structure.

The next resistance levels sit near $1,980 and $2,079 if buyers reclaim $1,800. These areas may become targets if spot demand continues to hold. Still, ETH needs a clean close above the current wall.

If sellers defend $1,800 again, the volume profile becomes thinner below current levels. In that case, Ethereum could lose support faster during a pullback. The next major support baseline sits near $1,237.

Spot Demand Drives ETH Bounce

Open interest has barely moved during Ethereum’s 10% weekly rise. This shows that traders have not added large leverage positions during the rebound. As a result, the move appears more connected to spot buying.

The leverage ratio has not recovered from June levels. This supports the view that the current rally is not mainly futures-driven. Meanwhile, Net Taker Volume turned positive on June 28.

Since that shift, ETH has gained about 14%. Before that, negative readings followed Ethereum during the prior decline. This change suggests buyers became more active in direct market trading.

Read also: Ethereum Price Analysis: Key $1.4K–$1.6K Zone in Focus as Rally Looms

ETF Inflows and Liquidations Shape Outlook

Ethereum also saw $76.2 million in liquidations over one day. Most of those liquidations came from long positions as $1,800 failed to hold. That showed traders were still exposed during the resistance test.

ETH remains capped under the 50-day EMA near $1,806. The RSI sits around 58, showing stronger momentum without extreme conditions. However, traders are still waiting for clearer confirmation above resistance.

ETF inflows have now recorded four straight positive days. At the same time, the Coinbase Premium has started climbing from recent lows. These signs show improving demand, although $1,800 remains the main test.

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