Ethereum is trying to regain momentum after a strong bounce from support
ETH is trading near $1672 after a solid rebound from the $1655 zone, with buyers managing to push the price up to $1693 before a short-term profit-taking wave kicked in. The price is still hovering above the 99 moving average while the MACD indicator suggests that positive momentum remains intact despite the current pullback.
• Near support: $1665 – $1655.
• Near resistance: $1680 then $1693.
• A breakout above $1693 could pave the way towards $1705 – $1720.
• A break below $1655 might reignite selling pressure towards lower levels
ETH is trading near $1672 after a solid rebound from the $1655 zone, with buyers managing to push the price up to $1693 before a short-term profit-taking wave kicked in. The price is still hovering above the 99 moving average while the MACD indicator suggests that positive momentum remains intact despite the current pullback.
• Near support: $1665 – $1655.
• Near resistance: $1680 then $1693.
• A breakout above $1693 could pave the way towards $1705 – $1720.
• A break below $1655 might reignite selling pressure towards lower levels