The Ethereum market is similarly weakening, quickly retreating after reaching a high of $1841. The upper Bollinger Band on the four-hour chart forms strong resistance, and with the divergence between volume and price, bulls find it difficult to sustain. The price dropped to a low of $1780, breaking below the 5-day moving average, with KDJ forming a death cross in the overbought zone, and RSI also turning down from a high position, indicating a strong short-term bearish sentiment. Currently, it is still in a low-level consolidation with a trend of further decline.

The key support zone to watch is between $1730 and $1750 on the four-hour chart. If effective support is obtained, along with signals like increased trading volume and a shortening MACD green bar, the bearish strength may weaken, and bulls could be poised for a counterattack, paying attention to the resistance levels of $1845 - $1860; if the support fails, panic sentiment will further spread, with the bottom testing the $1550 - $1530 range, and if it breaks below, the downtrend may intensify.

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