$ETH /USDT – Bulls on the Backfoot After $1,834 Rejection — Will $1,750 Hold?

ETH

$1,755.33

-3.19%

Ethereum is retracing after getting rejected near $1,835. The recent drop has brought it below key EMAs, with bulls now fighting to defend the $1,750 level.

Key Stats:

• 24h High / Low: $1,834.86 / $1,722.90

• 24h Vol: 613,844.72 ETH | $1.09B USDT

• EMA Levels: EMA(15): $1,763.25 | EMA(20): $1,765.50 | EMA(50): $1,746.78

Technical Setup:

• Price pulled back sharply after local top

• Currently testing EMA(50) support

• MACD bearish with increasing divergence

Support Zones:

• $1,746 – EMA(50) support

• $1,720 – Local low and breakdown risk

• $1,653 – Previous breakout zone

Resistance Levels:

• $1,765 – EMA cluster resistance

• $1,785 – Short-term recovery cap

• $1,835 – Major rejection point

Outlook:

Momentum has clearly shifted to the downside. Bulls need to hold $1,746 or risk seeing ETH revisit $1,720–$1,650. If buyers reclaim above $1,765, a short-term rebound is possible.

ETH teeters on the edge — bulls must step up or risk deeper bleed.