$ETH /USDT
📈 Current Price: $1,756.40
ETH has bounced strongly from the major swing low near $1,504, showing that buyers are defending the lower demand zone. On the daily timeframe, price is attempting a recovery after a sharp downtrend, but it is still trading below the important MA20 (around $1,791), which remains a key resistance level.
Key Levels
🟢 Support Zones
$1,700 – $1,720
$1,600 – $1,620
Major support: $1,504
🔴 Resistance Zones
$1,790 – $1,800 (MA20 area)
$1,900
$2,000+
Bullish Scenario 🚀
If $ETH closes above $1,800, momentum could accelerate toward:
🎯 $1,900
🎯 $2,000
🎯 $2,150
Bearish Scenario 📉
Failure to hold above $1,700 may trigger another pullback toward:
🎯 $1,620
🎯 $1,550
🎯 $1,500
The chart shows a relief rally after an aggressive sell-off. Volume increased near the bottom, suggesting accumulation, but the broader trend remains cautious until $ETH reclaims the 20-day moving average and establishes higher highs. Traders should watch the $1,800 resistance closely, as a breakout could confirm a trend reversal..