Ethereum Price Tumbles Below $1,650 as Crypto Market Sentiment Remains Weak

Ethereum's price continues to slide downwards, currently trading in the range of $1,620-$1,650. This downtrend started after a significant fall from above $2,000 earlier this month.

According to recent market data, Ethereum is testing important support zones near $1,600. The overall crypto market sentiment remains weak, contributing to the bearish trend.

The technical outlook for Ethereum shows that it's still in a bearish-to-neutral zone, with major support at $1,600-$1,550 and strong support at $1,500.

A bullish target of $2,000+ is possible if Ethereum breaks the resistance at $1,700-$1,800. However, this would require significant buying pressure and a reversal in market sentiment.