Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt
Summary
Ethereum has pulled back from $1,720 after failing to hold above $1,700, breaking below $1,680 and $1,665 and a bullish trend line. Price is now below the 100-hour moving average, with buyers defending the $1,610 area so far. Near-term resistance is $1,665, then $1,680, with a key breakout level at $1,710. A move above $1,710 could open the way to $1,750 and possibly $1,840–$1,850. If ETH cannot reclaim $1,710, downside support lies at $1,610 and then $1,585; losing that zone could lead to $1,550, $1,520, and eventually $1,500. Technical signals remain weak, with MACD bearish and RSI below 50.
