ETH completed this week’s opening price retest at 1706;

Looking back at the past 5 years, the dense core trading zone is in the 1570–1600 range;

Currently, it’s acting as support.

Either it takes off from here and pushes up to 2500–2750,

Or it breaks below the range, turning it into a resistance zone and causing the price to fall further.

The second scenario is more likely.

Short-term pullback range: 1640–1655.

Above 1735–1780, stop-loss orders are triggered;

This is the upside target range— the script is: drop first, then rise!

Upper resistance: 1736 / 1780 / 1820

Lower support: 1655 / 1595 / 1548