Large demand zone below $2K ETH price gives signal on where Ether may go

Ethereum (ETH) is currently navigating a period of market volatility, but on-chain data and technical analysis are highlighting a critical support structure that may dictate its next major move. Analysts have identified a massive demand zone situated just below the $2,000 psychological level, specifically ranging between $1,800 and $1,950. This area represents a price point where a significant number of addresses previously acquired ETH, creating a dense ‘buy wall.’ The presence of this demand zone suggests that should Ether face further downward pressure, it is likely to find strong support from investors looking to defend their positions or enter the market at historically significant levels. Experts believe this zone acts as a safety net; as long as price action remains above this cluster, the mid-to-long-term bullish sentiment remains protected. Conversely, a failure to hold this support could signal a shift in market structure, making the $2,000 level the most important pivot point for traders to watch in the coming weeks.

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