📉 ETH just broke below 1720! If this support level is lost, the next stop is 1680.

Brothers, ETHUSDT perpetual contract current price is 1718.81, down 1.44% in 1 hour, testing a key support at the daily chart level.

🔴 Three details of the market are not optimistic: $ETH

1️⃣ SuperTrend (14,3) is pressing at 1734.99, the price is firmly held below, a standard bearish arrangement, trend strength signal leaning bearish.

2️⃣ Selling volume accounts for as high as 80% (bottom of the screenshot shows 20% buy vs 80% sell), selling pressure overwhelms buying, bulls have no resistance.

3️⃣ Funding rate is 0.004%, only 2 hours and 46 minutes until the next settlement. If the price cannot recover above 1725, there may be another wave of long-liquidation before settlement.

📌 Key levels:

· Support: 1718.78 (being tested, once the body breaks below, stop-loss orders will be triggered)
· Strong support: 1715.58 (daily low in the screenshot)
· Resistance: 1724.78 / 1734.99 (SuperTrend resistance level)

✅ My trading plan:
Hold spot position unchanged, but suggest reducing long positions immediately or pushing protective stops. Wait for a volume-dried rebound near 1715 before considering re-entry, no guessing bottoms or chasing orders.

💬 Are you holding and watching, or have you already cut losses? Do you think ETH can hold 1718 this wave? Share your levels in the comments 👇
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