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Here is an updated analysis of the Ethereum (ETH) market :$ETH
📉 Current trend
ETH is moving in a recovery phase but remains below an important resistance zone around $1,800–$1,850. As long as this zone is not broken with strong volume, the underlying trend remains cautious.
📊 Key technical levels
Main support: $1,700–$1,720
Immediate resistance: $1,800–$1,850
Bullish target on a breakout: $1,950–$2,000
🧠 Behavioral analysis
Buyers are gradually returning after the recent correction.
Investors remain attentive to macroeconomic data and institutional flows.
The market remains hesitant: a clear break above $1,850 would strengthen the bullish scenario, while a loss of the $1,700 support would increase the risk of a further decline.
📌
Short term: Neutral to slightly bullish.
Medium term: Bullish if ETH confirms a close above $1,850.
Risk: A breakdown below $1,700 could lead to a return to lower levels.
If you are trading, I can also provide you with a detailed 1h, 4h and daily (Daily) analysis with entry zones, stop-loss and profit-taking targets.