Ethereum price dropped below the $1,750 mark on Friday, consolidating in bearish territory as technical indicators point to sustained downward pressure. The world's second-largest cryptocurrency briefly touched a low of $1,715 before steadying, but remains well below both the 100-hourly simple moving average and a key trend line that now acts as resistance at $1,750.
Price action turns south
After failing to hold above $1,800 earlier in the week, ETH/USD turned lower and broke through several support levels. The move accelerated during the Asian session, pushing prices to the $1,715 area. That low has become the immediate floor to watch — if it breaks, the next supports sit at $1,680, $1,650, and further down at $1,625 and $1,600. On the hourly chart, a bearish trend line has formed with resistance at $1,750, reinforcing the ceiling for any attempted recovery.
Key levels to watch
The $1,750 resistance is the first hurdle for any bounce. Above that, $1,800, $1,820, and $1,880 are the next upside targets. A clear move above $1,880 would open the door toward $1,920 or even $1,965, according to the chart structure. But for now, the path of least resistance is lower. Sellers have been active every time price approaches $1,750, and the lack of buying volume suggests traders are cautious.
What the indicators show
The MACD on the hourly timeframe is gaining momentum in the bearish zone, meaning downward pressure hasn't exhausted itself. The RSI is below the 50 line, confirming that sellers are in control. Both metrics suggest the consolidation below $1,750 could resolve with another leg lower rather than a breakout. Ethereum is also trading under the 100-hourly SMA, a level that often acts as dynamic resistance in downtrends.
The coming sessions will test whether the $1,715 support holds or gives way. If it does, the $1,680 area is the next major test — and a break there would put $1,650 squarely in play.
