#Etherem Big Alret!!!
Ethereum shows signs of weakness as it faces rejection around $1,700
Ethereum price found support around its daily level of $1,449 last week and recovered slightly, but it faced resistance of around $1,700. On Monday, ETH was again rejected around this level and declined by 2.15% the next day. At the time of writing on Wednesday, it hovers around $1,590.
If ETH continues its correction, it could extend the losses to retest its daily support level at $1,449. A successful close below this level could extend an additional decline to retest its important psychological level of $1,300.
The RSI on the daily chart hovers at 40 below its neutral level of 50, indicating bearish momentum.
However, if ETH continues its recovery and closes above $1,700, it could extend the rally to retest its next daily resistance at $1,861.#BinanceLaunchpoolINIT