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Ethereum is trading near the $1,700 area after a strong bearish move. The overall trend remains bearish, with price struggling below a key resistance zone between $1,780 and $1,820. As long as ETH stays below this level, sellers remain in control. A rejection here could push price back toward the $1,500 support zone, while a break below that level may open the way to the next major demand area around $1,350. However, a daily close above $1,820 would invalidate the bearish outlook and signal a potential bullish recovery. Traders should watch these key levels closely and manage risk accordingly.