Ethereum Price Declines Below $1,800, Testing $1,750 Support Level
Ethereum Price Update
- Ethereum is correcting downward, trading below $1,780.
- Current testing of the $1,750 zone may lead to a dip toward $1,700.
- Price has fallen below the 100-hourly Simple Moving Average and a bullish trend line at $1,800.
- Resistance is noted at $1,775, with further key resistance at $1,800 and $1,820.
- If resistance at $1,800 holds, Ethereum could decline further.
- Initial support is at $1,750, with major support near $1,700 and extended support down to $1,550.
Technical indicators show the MACD losing momentum in the bearish zone and the RSI below 50.
