Ethereum Price Faces Resistance at $1,800 Amid Mixed Demand Signals

Ethereum's price has been gaining traction in recent days, but it still faces significant resistance near $1,800. According to data from DefiLlama, Ethereum's price reached $1,789 before hitting a roadblock at the $1,800 level.

The rejection of the $1,800 level has left traders weighing stronger adoption against weak derivatives demand. On one hand, institutional demand for Ethereum is improving, with Robinhood Chain adoption and BitMine purchases supporting the broader outlook.

However, data from ETH crypto derivatives shows limited demand for leveraged bullish positions, indicating that investors are not yet convinced of a durable breakout. The mixed setup matters because Ethereum's price has been influenced by both spot demand and corporate accumulation.