Ethereum Price Hovers Near Crucial $1,900 Support as Staking Demand Surges

Ethereum is testing a key support area around $1,900 after breaking below its ascending channel, with $1,830 flagged as the next downside level. While price action stays under pressure and below the $2,000 region, on-chain data shows over 4 million ETH queued for staking and roughly 30% of supply already locked. Analysts remain split, with some warning of a bearish breakdown and others arguing the structure resembles Ethereum's early 2020 bull phase.