ethereum:native ’s 15-minute chart remains in a bearish downtrend after topping at 1848, with lower highs and lower lows showing that sellers are still in control. Recent rebounds have failed to reclaim the 1780-1800 zone, indicating strong overhead resistance.
Price has now pulled back toward the 1735 support area. Although some short-term buying has appeared, the rebound remains weaker than previous attempts, and the structure is still bearish. If ETH cannot regain and hold above 1760, it may continue lower toward 1720 and possibly the 1700 support level.
MACD is still below the zero line, reflecting weak momentum. Unless ETH breaks and holds above the 1760-1765 resistance zone with stronger volume, rebounds should be viewed as corrective moves within the broader decline.
Overall, ETH remains under pressure after the 1848 high. The key short-term level is 1730; a breakdown may allow bears to extend control.