#eth $ETH Ethereum is showing strain on the 15-minute chart, with price sliding to $1,640.69 for a 3.08% daily loss. The move from the 24-hour peak at $1,714.41 down to the low at $1,633.85 was backed by 319.31K ETH in volume and $535.21M in turnover. When high volume appears on red candles, it tells us sellers are active and the decline is not a low-liquidity fake-out.
The moving average setup reinforces the bearish tone. MA5 is at $1,643.00 and price closed right below it. MA10 sits at $1,652.22 and MA30 is at $1,666.72. With all three averages above price and sloping down, the short-term path of least push is lower. Each recent bounce failed at MA5 or MA10, which means those lines are now acting as dynamic supply zones.
Momentum tools agree. MACD reads -2.77, with DIF at -9.04 and DEA at -6.27. The histogram is red and the gap between DIF and DEA is still wide. Until DIF crosses back above DEA, relief rallies should be viewed as chances to reduce risk, not as a trend shift. There is no bullish cross or divergence on this timeframe yet.
Now to the levels that matter. Support begins at $1,633.85. That is the 24-hour low and the point where buyers stepped in last time. If ETH loses it, the next buy zone is $1,625 to $1,630, a prior base seen on the left side of the chart. The major round level is $1,600. Many stop orders and liquidations cluster around big figures, so a break of $1,625 can lead to fast moves toward $1,600.
Resistance starts close by at $1,643 to $1,645, where MA5 is located. Above that, $1,652 lines up with MA10 and has capped price twice today. The key line for bulls is $1,666 to $1,670, the MA30 area and the breakdown point from the last session. A 15-minute close above $1,670 with rising volume would be the first real sign that sellers are losing grip. The main top remains $1,714.41.
For active traders, the edge stays with selling strength. While ETH is under $1,666, rallies are likely to be sold. A tactical short idea is to wait for a test of $1,652 and look for rejection, with a stop above $1,668. For longs, wait for ETH to reclaim $1,645 and hold it as support, with a tight stop under $1,633. Chasing long entries after a 3% down day is risky without proof of demand.
For spot holders, the context is key. The chart does not show the average cost here, but the prior picture showed most holders are at a loss. That creates overhead supply. Every move toward $1,680 to $1,710 will face sellers trying to exit at better prices. If you are building a position, scale in rather than going all in. The $1,625 to $1,640 band is logical for a first entry, but keep cash ready if $1,600 is tested.
One odd detail on this screen: ETHUSDT Perp shows $2,736.86, down 6.60%. That price is far from spot and likely a data issue or a different contract. Always trade the pair you are watching. If your perp chart shows that level, double-check the symbol to avoid mistakes.
What to track next: First, volume on dips. If price probes $1,633 on lower volume than the last drop, it may hint at seller tiredness. Second, the MA5 at $1,643. A close back above it flips very short-term bias to even. Third, the order book near $1,630. If bids vanish, downside can extend quickly.
To sum up, ETH is weak under $1,666. Bulls must take $1,645 and then $1,666 to change the flow. Bears hold control under $1,643, with $1,633 as the must-hold level for today. Trade the chart, not your bias, and keep risk tight.
