ETH could retest February low if $1,800 support fails, analysis suggests

Ethereum could retest its February low if it breaks the $1,800 support level, Cointelegraph reported. The outlet noted that a strong support base has formed around this price, with its Cost Basis Heatmap showing approximately 1.23 million ETH was purchased at an average of $1,890 over the past 30 days. A failure to hold this level would likely trigger a retest of the February low. Separately, crypto analyst Maartunn pointed out that $130 million in volume has been accumulated in the $1,800 range. He added that technically, the $1,800-$1,900 price zone coincides with the lower trendline of a symmetrical triangle pattern on the ETH/USD daily chart. If the bearish trend persists, ETH could fall to its Feb. 6 low of $1,750 and potentially extend its decline to $1,400, Maartunn projected.