Ethereum Price Could Spark A Fresh Upswing While Above $1,550
Summary
Ethereum has pulled back below $1,665 after failing to hold above $1,680. The price dropped below $1,650 and briefly tested support near $1,610, while trading under the 100-hour moving average and inside a declining channel with resistance around $1,640. For a renewed upside move, ETH needs to clear $1,650 first, then $1,665 and $1,680. A break above $1,680 could open the way to $1,720, with further gains toward $1,780 or $1,800 possible if that level is surpassed. If ETH cannot reclaim $1,650, another decline may follow. Key downside support is at $1,610, then $1,590. Below that, losses could extend toward $1,550, $1,520, and ultimately $1,500. Momentum remains weak, though RSI is above 50.
