Ethereum holds above $1,680 aiming to break $1,740 resistance

Ethereum holds above $1,680 and the 100-hour SMA. Bulls defend $1,665; a break over $1,740 could extend the move.

Ethereum bounced from $1,600 and pushed through $1,620 and $1,640, moving in step with Bitcoin. Price tapped $1,731, then paused above the 23.6% Fib of the $1,603 → $1,731 leg.

A bullish trend line sits at $1,665 on the hourly chart. Price trades over $1,680 and the 100-hour SMA.

Key levels:
- Resistance at $1,720
- First resistance at $1,740
- Major resistance at $1,780
- Breakout targets $1,850, then $1,880–$1,920

Risk to the downside if $1,740 rejects. Initial support at $1,680. Trend line and first major support at $1,665. Below that, $1,650 and $1,620. Main support at $1,600.

Indicators:
- Hourly MACD in bullish momentum
- Hourly RSI above 50

Headline: Ethereum holds $1,680; tests $1,740 with $1,780–$1,850 in view