Overview
- ETH attempts a modest rebound from roughly $1,750 but trades below the 100‑hour simple moving average with a bearish MACD and sub‑50 RSI.
- Traders identify $2,100 as the near‑term pivot, with $1,800–$1,900 viewed as the next support band if downside continues.
- Immediate resistance stands near $1,950 and $2,050, with a stronger barrier at $2,200 and follow‑through resistance around $2,350.
- CryptoQuant reports the 30‑day Coinbase Premium at its weakest since July 2022, suggesting comparatively stronger U.S. sell‑side pressure.
- Some analysts cite a confirmed bear‑flag breakdown with a measured move targeting about $1,666 unless price reclaims higher ranges.