Ethereum Technical Analysis: Key Support And Resistance Levels

Ethereum (ETH) continues to hold a major support zone around $1,750. Notably, its price exhibited stability over the past week, even amidst a sharp sell-off in the stock market, which saw declines exceeding 10% within two trading days. This relative strength can be interpreted positively for the cryptocurrency market, suggesting that panic selling in equities has not yet cascaded into crypto assets.

Looking forward, a decisive break below $1,750 could lead to a test of the next support level at $1,530. Conversely, any significant upward momentum would likely face considerable resistance near $2,150. Although ETH's decoupling from the recent stock market panic offers a glimmer of hope, its proximity to 52-week lows underscores its current vulnerability.