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Joined October 2023
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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.
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ETH 15-Minute Market Summary: ETH rebounded strongly from 1,653 to 1,848 before pulling back and is now consolidating around 1,790. The 1,848 level remains a key resistance, while 1,770 serves as an important support zone, as the recent correction failed to break below it. MACD is converging, suggesting short-term momentum is neutral. A breakout above 1,800–1,810 with strong volume could lead to another test of 1,848. Conversely, a break below 1,770 may trigger a deeper pullback toward 1,750. Overall, ETH remains in a high-level consolidation phase after its rally, with bulls maintaining a slight advantage. Traders should closely watch the 1,800 resistance and 1,770 support levels for the next directional move.#ETH
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