The pair is currently struggling to clear the 50% Fib retracement level. To continue higher, the price must settle above the $1,640 and $1,650 resistance levels. The next major resistance on the upside is near $1,700. Any more gains could lead the price towards the $1,780 level. The first major support is near the $1,500. The main support is now forming near the $1,500 level, below which ether price may possibly revisit the $1,400 level in the near term. even it could reach $1200.