Yigit Taha OZTURK 
Ethereum (ETH) failed to break the $1,960 – $1,920 range mentioned in our previous analysis and experienced a sharp rejection, dropping below the $1,870 level. After losing this level, it moved towards the targeted $1,745 and dropped to $1,767. Currently, it is trading around $1,783.
Support and Resistance Levels
The current situation of Ethereum (ETH) shows that the $1,745 level is critical. If this level is lost, ETH could fall to the $1,650 range. Therefore, it’s essential to be cautious and closely monitor market movements.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Short-Term Outlook
In the short term, Ethereum (ETH) may continue to test the $1,745 level. If it holds this level, there is potential for a rise back to $1,800 and $1,820. However, if the $1,745 level is breached, a further decline towards $1,650 could occur.
ETH investors should closely watch the $1,745 level. A drop below this level could lead to a more significant decline. Technical indicators and overall market movements can provide a broader perspective, helping investors form their strategies.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.