Ethereum Price Risks $1,800 Drop Despite Bullish ETH/BTC Signal

Key Insights Ethereum price faces a possible decline toward $1,800 after breaking a multi-month ascending trendline, according to Whale Factor. ETH must reclaim $2,400 to strengthen its recovery, while buyers monitor support around $2,300. An analyst identified a bullish ETH/BTC MACD crossover resembling an earlier setup associated with a 280% rally. Ethereum price remained under pressure after an attempted recovery failed to clear $2,400. The cryptocurrency closed near $2,360 on Oct. 28 before facing renewed selling. Meanwhile, technical commentators identified competing scenarios involving a possible $1,800 decline and a broader recovery.