Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom
Summary
Ethereum has resumed a downtrend after failing to hold above $1,840 and falling below $1,800, $1,780, and $1,750. It recently hit a low near $1,715 and is consolidating below the 100-hour moving average, with bearish momentum still building. Near-term resistance sits around $1,750, then $1,800 and $1,820. A breakout above $1,880 could open the way toward $1,920 and possibly $1,965. On the downside, $1,715 is key support; losing it could lead to $1,680, then $1,650, $1,625, and potentially $1,600. The RSI is below 50 and the hourly MACD remains bearish, favoring further downside unless ETH reclaims higher resistance levels.
