Looking at the daily and hourly trends, Ethereum's current market sentiment is generally biased towards a bullish consolidation with slight pullbacks in between. However, to sustain an upward movement, it needs to be driven by relevant data or news.

On the downside, first focus on the key level of 1720. This is the support for the current rally. As long as the price holds above 1720, the strong bullish structure can be maintained. With favorable news later, it will be easier to rally higher.

If the price breaks below the 1700-1720 range today, the trend will become volatile and uncertain, ultimately influenced by various news factors.

On the upside, the two resistance levels are 1765 and 1780 respectively. Making new highs is quite difficult unless external conditions continue to deteriorate.

Trading suggestion: Those seeking stability are advised to stay on the sidelines as the current news is mixed and risk is high.

For those willing to trade short-term, buy low and sell high within the 1730-1765 range. The broader range is 1720-1780, and the overall strategy of buying on dips is more suitable. #ETH