Ethereum (ETH) Daily Update & Trend Analysis – Watch Levels and Strategy
Ethereum is currently hovering below the critical $1,800 mark, giving up around 3% over the last 24 hours. This drop signals potential weakness and could lead to further selling pressure if ETH fails to reclaim and sustain levels above $1,800.
Key Observation:
Slipping below $1,800 raises concerns and increases the likelihood of ETH retesting lower support zones.
Sustained trading below this mark might push the price toward $1,700, and if that breaks, we could see a free fall to $1,534.87 or even $1,380 in the coming days.
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Important Support Levels:
S1 – $1,720.06
Psychological Support – $1,700
This zone ($1,700–$1,720.06) is a crucial defense line for bulls. Expect buying interest here. If a reversal pattern or bounce shows up at these levels, this is a potential buying opportunity.
Buying Range: $1,700 to $1,720.06
Stop Loss: Tight stop just below $1,700
Targets: $1,800, $1,850, $1,962.23, $2,108.80
> Note: A clear break below $1,700 could trigger a sharp decline toward $1,534.87. Trade cautiously.
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Deeper Support Zones (Must-Buy Region):
Support 2 – $1,534.87
Support 3 – $1,380
If ETH continues to drop into this range, this zone becomes a "must-buy" accumulation area. This is where longer-term buyers are likely to step in aggressively.
Must-Buy Zone: $1,380 to $1,534.87
Stop Loss: Below $1,380 (or based on your personal risk strategy)
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Today’s Key Trading Levels:
Resistance to Watch: $1,850
Support to Watch: $1,700
> ETH should not trade below $1,700. If it does, it opens the door to a further decline. A confirmed break here indicates selling p
$ETH ressure with potential targets of $1,534.87 and $1,380.
