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As of 14:00 today, Ethereum is trading at $1798.34. The drop over the past 24 hours is -3.51%, hitting a new recent low.
Short-term technical structure is deteriorating: the price has fallen below the psychological $1800 level, and it has failed to regain the $1850 resistance level for two consecutive days.
2. Key Pressure Levels
$1890: The strongest short-term resistance. It has been rejected here multiple times previously. If it cannot break through, the downward trend will continue.
3. Key Support Levels
$1820: The last line of defense in the short term. If it is effectively broken, it will accelerate the move down toward the $1760 range.
$1750: A critical threshold for the bulls to remain in play. If it is lost, it may trigger a new round of leverage liquidations, with targets below $1680.