The content states that Ethereum (ETH) is experiencing a significant downtrend, with the Relative Strength Index (RSI), Directional Movement Index (DMI), and Exponential Moving Averages (EMA) all signaling bearish momentum. The RSI is below 50, indicating bearish dominance, although it has slightly recovered from extreme selling pressure. The DMI shows a strengthening downtrend, with the negative directional index (DI) outperforming the positive DI. The EMA lines confirm the downward momentum, with short-term EMAs positioned below long-term ones. The critical support levels for ETH are at $1,756 and potentially below $1,700. Reversing the downtrend would require sustained buying pressure and a bullish EMA crossover.



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