ETH breaks $1,700 and tests $1,780–$1,820 resistance zone
ETH rebounds 13% to $1,731; $1,800 in play, Citi trims target
Ethereum (ETH) jumped off $1,500 and trades near $1,731. The $1,800 band is the test.
The short-term downtrend broke from the $1,550 area. The Market Periodical called it a structural shift. Not just a relief move.
Source: TradingView ETHUSD
ETH hit $1,786.09 intraday. That’s the first probe of the $1,780–$1,820 cap that has rejected prior bounces.
Setup improved. Price sits above $1,700 and the 100-hour SMA. RSI holds over 50. A 4-hour RSI bullish divergence preceded the move.
Key levels
- Resistance 1,780–1,820; then 1,800–1,850
- Support 1,650–1,675; then 1,575–1,600
Citi cut its ETH target to $2,240, still above spot. Source: Coinspeaker.
