ETH quickly dumped from its 1848 peak. On the four-hour timeframe, a run of bearish candles kept falling, directly breaking through the 1800 integer level. The low touched 1748, and it’s now making a modest rebound around 1787, with a small corrective recovery.

Looking at the one-hour timeframe: after dipping to 1748, the selloff has temporarily paused. KDJ has turned upward from a low level, and there is some momentum for a short-term oversold rebound. However, the rebound strength is mediocre and hasn’t reversed the downtrend yet.

For upside resistance, first watch the 1800–1810 range—if it can’t get back above it, the overall picture remains weak. For downside support, look at the 1748 low—if it can’t hold, it may probe lower again. At the moment, this is a consolidation-and-repair phase following a big selloff. Don’t rush to blindly buy the dip; waiting for the rebound to confirm and hold steady is safer. In the short term, the overall rhythm still leans toward a bearish correction. $ETH ‌