Ethereum Price Consolidation Hints at Strength—Will ETH Break $1,700 Next?

There are signs of strength that have been observed with Ethereum after it reclaimed the $1,620 level and stabilised above a key trend line. The current Ethereum price consolidation suggests bulls are preparing for a renewed push above $1,680, with technical indicators supporting the case for another leg higher, provided resistance levels give way.

Ethereum Gets Support at $1,625 

This week, Ethereum started off with a solid upward move, reclaiming the $1,600 and $1,620 resistance zones. The price increased past $1,650 before facing rejection at $1,690. After that, ETH stood corrected a bit lower but found firm support around $1,620, where buyers stepped in to defend the trend.

As of now, Ethereum price consolidation is taking place above the 100-hourly Simple Moving Average and it seems to be having a new ascending trend line on the hourly chart. The $1,625 level now acts as a springboard for a potential breakout, with immediate resistance seen at $1,660. A decisive close above $1,680 could trigger the next bullish wave.

ETH Breakout Potential Grows with Technical Tailwinds

The hourly MACD is starting to lose a bit of strength, but it’s still showing a positive trend. Meanwhile, the RSI is above 50, which means buyers are still in control for now.

The next targets that people are looking up to are $1,750 and $1,800, but that is only if Ethereum can break above the $1,690 resistance level. And if it moves past $1,750, there’s a good chance it could climb toward $1,880 soon. Experts say this current pause in price is a good sign—it’s a healthy break after ETH bounced back strongly from the $1,520 level. This setup also matches the improving mood in the overall crypto market this week.

Short-Term Risks: What If Ethereum Fails to Clear $1,680?

Ethereum has a good chance to break out and move higher, but there are still some risks. If it can’t move above the $1,660–$1,680 resistance zone, the price might start falling again. Right now, the first support level is at $1,620. If that breaks, there’s stronger support at $1,610, which lines up with a key retracement level from its recent move between $1,562 and $1,690. 

If Ethereum drops below $1,610, the next support is at $1,575. If that also fails, the price could slide down to $1,550 or even $1,500. Traders are keeping a close eye on these levels. If Ethereum doesn’t hold above them, it could mean a deeper drop is coming, especially with the current global uncertainty and people possibly cashing in profits.

Conclusion: All Eyes on $1,680 for Ethereum’s Next Leg

With Ethereum price consolidation holding above key technical supports, the bulls may soon get their chance to push ETH past $1,680 and possibly retest the $1,750 resistance zone. Momentum remains cautiously optimistic as indicators flash signs of strength.

As long as ETH maintains its structure above $1,610, the bias remains bullish, and breakout traders are likely to take interest in any confirmed move above $1,690. Ethereum appears to be gearing up for its next significant move, and the crypto market is watching.