ETHUSDT
Despite attempting a recovery on June 11, Ether's shallow bounce suggests that the bears are actively selling during minor rallies. The bears aim to further strengthen their position by pulling the price below the immediate support level at $1,700, which would signal the start of a deeper correction.
While a minor support exists at $1,600, a breakdown below that level could lead to a decline extending towards $1,352. Conversely, if the ETH/USDT pair once again rebounds from $1,700, it would indicate fierce defense by the bulls at that level. A rally above the resistance at $1,778 could clear the path for a potential upward move towards the moving averages.
