Ethereum Price Rebound Gains Traction After Clearing Key Hurdles
Summary
Ethereum has rebounded from the $1,600 support and is holding above $1,680 and the 100-hour moving average. It recently rose toward $1,731 and is now consolidating gains, with a bullish trend line support near $1,665. If buyers keep the price above that level, ETH could try again to break resistance at $1,720 and then $1,740. A stronger move above $1,780 could open the way to $1,850 and possibly $1,880–$1,920 in the near term. If Ethereum fails to clear $1,740, a correction could follow. Initial support is near $1,680, with stronger support at $1,665 and then $1,650. A drop below $1,665 could send ETH toward $1,620 or even back to $1,600. Technical signals remain mildly bullish, with MACD positive and RSI above 50.
