#MarketPullback Ethereum (ETH) is currently trading just under $1800, shedding around 3% over the past 24 hours. The recent dip below this key psychological level is raising concerns about further downside pressure, with traders eyeing the next critical support zones.

Current Market Overview

ETH’s failure to hold above $1800 opens the door to additional selling. If the price remains below this threshold, the next potential support lies near $1700 — a level both technically and psychologically significant for buyers looking to defend against deeper declines.

Key Support Levels

S1 (Immediate Support): $1720.06

Psychological Support: $1700

This zone between $1700 and $1720.06 is crucial. Buyers are expected to step in here, and a reversal is possible if buying momentum returns. Traders may consider entering long positions in this range, provided