Why Ethereum must hold above $1,800 to avoid further sell-off

While Ethereum (ETH) climbed back above $2,000 on Friday, broader market sentiment remains bearish after the asset fell roughly 10% over the past month. The rebound has done little to alter the wider market structure, as ETH continues to trade under pressure after losing momentum from the $2,200–$2,400 range earlier this month. Since then, price action has shifted into a steady decline, with sellers repeatedly rejecting relief rallies and pushing the asset toward lower support zones. Over recent weeks, Ethereum has formed a pattern of lower highs and weaker rebounds, a structure that typically signals ongoing distribution rather than accumulation in spot markets.