The 1740 dollar support that we had discussed last week has not held up. Yesterday we had a candle close below it and today does not open positive either. For now, we see the ema55 providing support for the price here but how long it can hold we will see in a moment on the LTF. The rsi Is below the ema and 50 level, so in favor of the bears as well.

daily chart: https://www.tradingview.com/x/XTBwApEj/

Here we see a clear breakout of the zone and the price has also popped through the ema200, which is now meeting resistance. The ema's are turning towards the bears and a cross-over seems imminent. The rsi is already well in favor of the bears and is now at the 30 level. Possible support zones that we may encounter on a decline are the purple/red lines and prices. Let's get to the 1h soon.

4h chart: https://www.tradingview.com/x/xCZGKuKV/

Here we can see a bullish div that might cause a minor uptrend towards the inefficiency block. This will also be a golden pocket retrace for a further down move. The ESMAs are quite bearish on this chart and the price is far from it. Testing the commas again would then match the Fibonacci levels nicely.

1h chart: https://www.tradingview.com/x/88mvHQhz/

Conclusion:
It looks like ETH is going to move downward in the coming time. The levels where we could go down are 1605 - 1537 - 1434. However, there is a chance that ETH will rise, but for that to happen the 1800 zone would have to be flipped.