ETH Slips Under Key Moving Average, Analyst Warns of Drop Toward $1,580

Ethereum (ETH) is trading near $1,650 after slipping below its 200-hour simple moving average at $1,727.29, a key short-term technical level that is now acting as resistance.

With price action remaining below this threshold, crypto analyst Ali Martinez noted on X that continued weakness could keep downward pressure in play, with the next notable support area forming around $1,580.

Source: Ali Charts