Ethereum Price Faces Pressure Below Key Volume Zone

Ethereum price remains below major volume profile levels, leaving long-term support under close market scrutiny. ETH derivatives activity stays strong across leading exchanges despite recent price weakness and bearish technical positioning. Volume profile places resistance above current levels while $1,385 remains a closely watched long-term support. Ethereum price remained under pressure after holding below major volume profile levels, while derivatives activity stayed elevated as traders monitored whether long-term support could withstand renewed selling. Ethereum Trades Below Major Volume Levels A recent chart shared by Alex Marzell on X focused on Ethereum's volume profile. The analysis examined a trading range unchanged for more than two years. Marzell projected ETH could eventually trade below the $1,385 support. Source: X The fixed-range volume profile identified several important technical reference points. Value Area High remained near $3,677 throughout the chart. The Point of Control stood around $2,629. Another important level appeared at the $2,162 Value Area Low. Ethereum continues trading below that long-established boundary. Remaining beneath this level keeps the broader structure under pressure. The market data as of writing shows Ethereum trading at $1,890.07. The asset's price dropped by 1.31% over the past 24 hours. It rose, though, 3.46% over the last week. Long-Term Structure Continues Favoring Sellers The chart also illustrated Ethereum's previous advance toward nearly $4,900. That rally later transitioned into an extended corrective trend. Lower highs developed throughout the prolonged decline. Repeated recovery attempts failed near the $2,600-$2,800 resistance region. Those rejections prevented Ethereum from reclaiming the Point of Control. Sellers maintained control of higher-volume trading areas. Marzell identified $1,385 as the next major support reference. The analyst argued that the level remains increasingly vulnerable. His assessment depends on continued weakness below established value zones. Immediate support appears around the $1,750-$1,800 region. Losing that area could increase attention toward lower technical levels. Reclaiming $2,162 would restore Ethereum inside the historical value range. Derivatives Activity Remains Broad Across Exchanges Coinglass data showed Ethereum derivatives participation remaining active across leading exchanges. Binance led open interest with approximately $6.62 billion. MEXC, Gate, and CME also reported substantial outstanding futures positions. Source: Coinglass Trading volume presented a different market ranking during the latest session. OKX led with nearly $9.72 billion in ETH volume. Binance and Coinbase followed with strong liquidity levels. Bybit recorded the highest futures trade count across monitored exchanges. More than 5.38 million futures trades were executed there. Gate and Binance completed the top three positions. The derivatives data reflected broad participation despite Ethereum's weaker technical structure. High liquidity remained available across multiple trading venues. Combined with the volume profile, traders continue monitoring whether Ethereum price can recover higher-value zones or extend its longer-term decline.