Ethereum Technical Outlook: ETH Rebounds From $1.5K, Eyes $1.85K and $2.1K Tests

Ethereum (ETH) rebounded after sliding toward the $1.5K area earlier this month, but it is still capped below the $1.85K resistance and trades around $1.75K. Price remains inside a multi-month descending channel and under the 100-day and 200-day moving averages near $2.1k and $2.3k, leaving the higher-timeframe structure tilted bearish. Derivatives sentiment has improved, with the 30-day Taker Buy Sell Ratio recovering from about 0.96 to slightly above 1.0, a shift that could support further upside if $1.85K is reclaimed.