ETH Facing Huge Decision: $1400 or $1800 Next? (Ethereum Price Analysis)

Following an unexpected and rapid drop from the $1.8K threshold, Ethereum’s price experienced a significant dip, falling below the critical 100-day and 200-day moving averages (MAs).

This development is considered a significant bearish sign for ETH. However, the price managed to find support within a crucial range, hinting at the possibility of an imminent consolidation phase.