ETH futures trade near $1,860.50 after failing to hold above $1,881.50, with sellers eyeing a break below $1,848.50.
Ethereum futures slipped to $1,860.50 after retreating from a Sunday high of $1,903.50, reflecting bearish short-term momentum. The price remains below $1,881.50, a critical resistance level, while sellers await confirmation beneath $1,848.50 to extend declines.
Support is clustered between $1,848.50 and $1,857.50, creating a compressed range that could trigger either a breakdown or a rebound. Prior rebounds failed, and declining resistance suggests weakening bullish sentiment.
Market structure remains bearish, but traders are cautious about selling into $1,852 without confirmed support failure. Bulls need to reclaim levels above $1,881.50 to shift momentum.