Analyst Warns Ethereum Could Drop to $1,400 as $1,700 Resistance Holds

Ethereum is trading around $1,642, reflecting a 1.1% decline over the past 24 hours.

According to crypto analyst Ted Pillows, the asset continues to show signs of weakness, with persistent selling pressure near the $1,700 level limiting any meaningful recovery attempts. He notes that unless ETH breaks above this resistance zone and holds above it on strong spot demand, downside risks remain, with the $1,400 level still in focus as a potential target.

Source: Ted Pillows