Ethereum Price Plunges Under $1,800, Leaving Bulls On The Ropes
Summary
Ethereum fell more than 5% after failing to hold above $1,880 and briefly broke below $1,800, hitting a low near $1,716. It is now consolidating below $1,800 and the 100-hour simple moving average, with bearish momentum still building. Near-term resistance sits around $1,780, then $1,800 and $1,820. A move above $1,850 could open a rebound toward $1,880 and possibly $1,920. If ETH cannot clear $1,850, downside risk remains. Key support is near $1,720, followed by $1,700; a break below that could send the price toward $1,665, $1,640, and ultimately $1,620. RSI is below 50 and MACD remains bearish.
