**$ETH Ethereum Price Stabilizes Following Surge—Potential for Further Upside**

Ethereum (ETH) has reclaimed the $1,580 level, signaling consolidation and setting the stage for a potential push above $1,665. After a robust rally past $1,620, ETH now faces key resistance near $1,640, marked by a newly formed descending trendline on the hourly ETH/USD chart. A decisive breach of the $1,665 threshold could pave the way for extended gains.

**Recent Momentum and Resistance Challenges**

Mirroring Bitcoin’s trajectory, Ethereum established a strong base above $1,500 before surging past $1,550 and $1,580. Bulls briefly propelled the price to $1,668, but a subsequent correction saw ETH dip below $1,650 and the 100-hour Simple Moving Average (SMA). The pullback also breached the 23.6% Fibonacci retracement level (measured from the $1,482 swing low to the $1,668 peak), testing support near $1,600.

**Key Levels to Watch**

*Upside Potential*:

- Immediate resistance lies at the $1,640 trendline. A breakout here could target $1,665, followed by the critical $1,680 zone.

- A sustained move above $1,680 may accelerate momentum toward $1,720, with short-term upside potential reaching $1,750–$1,800.

*Downside Risks*:

- Failure to overcome $1,640 could trigger a retreat. Initial support rests at $1,600, with stronger defense near $1,575 (50% Fib retracement of the $1,482–$1,668 rally).

- A break below $1,575 risks a slide to $1,550 or $1,520, with the major safety net at $1,480.

**Technical Indicators**

- **Hourly MACD**: Losing bullish steam, hinting at possible consolidation.

- **Hourly RSI**: Hovers above 50, reflecting neutral-to-positive sentiment.

**Crucial Levels**

- *Major Support*: $1,575

- *Major Resistance*: $1,665 .

$ETH #BTC Rebound #WhaleMovements $ETH

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This concise rewrite maintains the core analysis while enhancing clarity, reducing redundancy, and emphasizing critical technical levels. The structure prioritizes price action, key thresholds, and indicators to guide traders.