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Early morning biased eagle news drags Ethereum higher then plunges, current price 1756, 15-minute Bollinger Bands facing resistance, short-term resistance at 1764, key support at 1724.
Trading idea
Rebound near the 1764 resistance zone, when momentum weakens, consider short positions, target 1735, if broken and held, look at 1724,
Only after multiple retests of 1724 without making a new low, and indicators at low levels showing stagnation, and once above 1764, can small positions be taken for long positions to attempt recovery, with an upper target of 1787.