Ethereum Faces Continued Downtrend Below Key Resistance Levels
- Ethereum price declined below $1,750, consolidating losses.
- The price remains under the bearish influence below the $1,780 mark and the key resistance at $1,750.
- A significant support level is at $1,715, with potential further declines if breached.
- Major resistance levels are seen at $1,800 and $1,820.
Ethereum’s price has been unable to stabilize above key resistance levels, leading to a continued downtrend in its value. The current bearish trend is reinforced by trading below critical moving averages and resistance points.
The inability to break through the $1,880 resistance could result in further declines towards major support zones such as $1,680 and potentially lower levels like $1,650 or even $1,625 if selling pressure persists. (Source)
