Ethereum Technical Outlook – $1,800 Support Faces Test Amid STH Capitulation
$ETH recently bounced from the $1,800 level following $400M in realized losses by short-term holders, driven by rising macro uncertainty around Trump's tariff plans. Despite the heavy selling, the RSI on the hourly chart has climbed to 58.98, showing mild bullish divergence as price attempts to recover above the mid-Bollinger Band ($1,831).
Staking flows surged by 530K $ETH this month, offsetting exchange outflows of 940K ETH, and signaling long-term conviction remains strong.
If $ETH holds above $1,800, it could maintain consolidation and build toward $2,070. However, a breakdown below that level may validate a bearish continuation, with $1,500 as the next key support. Traders should monitor volume, RSI trends, and staking flow resilience closely as April 2 approaches.
