Resistance:
* 1,800
* 1,820
* 1,860 (EMA200)
Support:
* 1,717 (recent low)
* 1,680
* 1,600
Bullish scenario:
ETH needs to reclaim 1,800 first and then break above 1,860 (EMA200). Without that, any bounce is likely just a relief rally inside a downtrend.
Bearish scenario:
If 1,717 breaks, downside could accelerate toward 1,680 and potentially 1,600. The current structure favors sellers until a higher low and higher high are established
#CLARITY Act law enforcement support #New stablecoin initiative launched #Fed official hints at rate hikes
