Ethereum is under selling pressure... Will the 1759 support hold?
ETH is trading around $1766 on the 15-minute chart after a strong drop from the $1810 zone. The price is still below the moving averages (7, 25, 99), confirming the ongoing bearish trend in the short term.
The MACD indicator shows a gradual decline in negative momentum, but there's no clear bullish reversal signal yet.
• Support: $1759 then $1750.
• Resistance: $1769 then $1778.
The trend remains bearish, and breaking below $1759 could push the price to test lower levels, while reclaiming $1778 could give buyers a chance to start a short-term bounce.
ETH is trading around $1766 on the 15-minute chart after a strong drop from the $1810 zone. The price is still below the moving averages (7, 25, 99), confirming the ongoing bearish trend in the short term.
The MACD indicator shows a gradual decline in negative momentum, but there's no clear bullish reversal signal yet.
• Support: $1759 then $1750.
• Resistance: $1769 then $1778.
The trend remains bearish, and breaking below $1759 could push the price to test lower levels, while reclaiming $1778 could give buyers a chance to start a short-term bounce.