Last weekend, the price of Ethereum failed to break through the $1,860 level and continued to trade sideways in the POC line area ($1,800) for a two-week marathon.
Now, the seller pushes the price of Ethereum (ETH) below the point of control (POC) indicator line and keeps the currency pair below the two-hour EMA55. If the bearish pressure intensifies, the pair may test the $1,680 support level. In a longer time frame, the Stoch RSI indicator line formed a signal for the price of Ethereum to rebound. It can be assumed that at the beginning of the week, the bulls are preparing to break the resistance at $1,860 and retest the $1,950 level.
As of press time, the trading price of Ethereum is $1,702.