$ETH just slipped under pressure—bounce or breakdown ahead?
Ethereum is trading at $1,749.72, down -2.55% as selling pressure builds near the upper resistance zone. Price action recently rejected from $1,761 and is now testing the $1,750 support band, a key level that could determine the next directional move.
Key Levels to Watch
Resistance:
• $1,765 – First resistance to reclaim for bulls
• $1,780 – Top of the current range and breakout level
• $1,810 – 24H high and trend-flipping zone
Support:
• $1,740 – Immediate support under pressure
• $1,723 – Deeper downside if current level fails
• $1,700 – Psychological support and swing low
Trade Setup
Bullish Entry:
• Above $1,765 with strong volume
• TP1: $1,780
• TP2: $1,810
Bearish Entry:
• Break below $1,740 on a red candle close
• TP1: $1,723
• TP2: $1,700
Stop-Loss Strategy:
• Bulls: below $1,740
• Bears: above $1,765
$ETH is at a decision point. If $1,750 breaks with conviction, expect a drop toward $1,723. But if buyers step in quickly and reclaim $1,765, momentum may swing back to the bulls. Stay nimble—volatility is picking up!