Ethereum has been consistently falling below the $1,800 support in the past few days against the US Dollar. The bears have managed to push the price below the support levels, forming a new weekly low at $1,770 and leaving ETH trading within the bearish zone.

The most immediate resistance for Ethereum appears to be the $1,830 level, the 50% Fib retracement of the recent decline from the $1,888 swing high to the $1,770 low. A successful clearance of this level could open the doors for a quick rise in ETH price toward $1,880 and potentially further up to $1,920.

However, if Ethereum fails to clear the $1,830 resistance, it could very well continue sliding further down the charts. In such a case, the bears could gain strength and drag ETH to the next major support near the $1,740 level. If this support doesn't hold, the price could decrease sharply over the next several days, targeting the $1,650 support.

Overall, Ethereum appears to be in a bearish zone for now, with the bears hesitating at the $1,830 resistance. If the market conditions remain unchanged, ETH could be subject to further downsides in the near future, possibly towards the $1,650 support.



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