ETH Price Drops Below $1,700 Amid Ongoing Bearish Trend

Ethereum's price continues to slide, trading in the range of $1,620-$1,650. This comes after the asset fell from above $2,000 earlier this month.

According to recent market data, Ethereum is testing important support zones near $1,600, while overall crypto market sentiment remains weak.

The technical outlook for Ethereum is bearish to neutral, with major support at $1,550 and strong support at $1,500. The resistance level is between $1,700-$1,800.