Ethereum's price has been stuck below $1,850 for several attempts by buyers to push it above this barrier.
The largest altcoin has moved sideways above the $1,500 low and its upward movement has been capped by resistance at $1,850.
Buyers remain active as the price finds support and continues to trade sideways above $1,700.
However, if sellers break through the current support around $1,700, Ether could fall back towards its key support zone above $1,500.