$ETH dropped 3.96% – testing key support at $1,633

Ethereum is trading at $1,665.11, down 3.96% in 24 hours.

Key Levels from Chart:

· 24h High: $1,734.81

· 24h Low: $1,633.96

· Current Price: $1,665.11

· Support: $1,633 – $1,648 (strong)

· Resistance: $1,680 – $1,700

The chart shows ETH dropping sharply from $1,680 zone down to $1,633 support. It's currently bouncing slightly.

My Analysis:

· ETH is in a downtrend in the short term

· $1,633 is strong support – if broken, next support is $1,600

· Resistance at $1,680 – need to break this for recovery

· Volume is high – selling pressure is real

Trade Setup:

· Entry: $1,660 – $1,670 (if support holds)

· Take Profit 1: $1,700

· Take Profit 2: $1,720

· Stop Loss: $1,630

Moderate to High risk. ETH is testing support. Wait for confirmation of bounce before entering.

#Fed releases PCE data #Ethlabs launches for Ethereum research #Bitcoin faces potential final drop before cycle bottom #Anthropic models blocked for foreign users