Ethereum corrects gains amid bearish pressure near $1,850

ETH price perched above $1,850 after retreating from its recent peak of $2,036

Ethereum rallied to a new all-time high of $2,036 on 20 February, hitting the landmark price after a week of registering high after high.

However, bulls were unable to continue higher over the weekend and ETH prices have largely been range-bound below $1.9k. The consolidation could be what bulls need to build fresh momentum, in which case another leg up could see ETH/USD surpass the recent peak. On the flip…

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