Ethereum initially surged to around 1763 before a direct sell-off, hitting a low of about 1725, breaking below the lower Bollinger Band, releasing the short-term selling pressure all at once.

After the drop, it began consolidating and recovering at lows, oscillating with small bullish and bearish candles, now fluctuating around 1731.

Short-term support is near 1720, with resistance first at the middle band around 1756.

The market is currently in a bottoming phase after the sharp decline, with no clear directional breakout from either bulls or bears. Avoid heavy trading within the range, and wait for a valid breakout before acting. #ETH