Ethereum Price Charts Hint at Pullback — Support Levels In Focus
Ethereum (ETH) recently staged a notable breakout above the $1,720 resistance, fueling bullish excitement across the crypto community. However, after reaching as high as $1,780, the price is showing signs of cooling off. A healthy pullback may be underway as traders lock in profits and reassess entry points. Currently, ETH is hovering near the $1,730 zone, with eyes set on the $1,700 support as a key level to watch.
If Ethereum holds above $1,700, it could confirm strength and set the stage for a renewed rally. Technical indicators such as RSI and MACD are showing signs of slowing momentum, but not full reversal. A bounce from $1,700 or even $1,680 could lead to a strong continuation toward the $1,800 resistance and possibly the $1,850 mark in the coming days.
On the other hand, a clear break below $1,680 might expose ETH to a deeper correction, potentially testing the $1,640 zone. Traders should keep a close eye on volume trends and macro sentiment as the market seeks direction.
Ethereum remains a cornerstone of the crypto space, and its price action is a critical barometer for broader market trends.
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