ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important?

4:59 pm, Wed, 20 July 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis
ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis

After trading all day, the Ethereum price has barely moved an inch as the bulls and bears are currently fighting it out to see who will gain control of the $1,697 key level.

Why is this $1,697 level so important to the Ethereum price and what should we expect in the coming days? Find out all these and more in this TA.

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link

Claim up to $4450 in Bonus

100x Leverage

ETH $1,697 Major Resistance. Why Is It So Important?

ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis
ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis

The $1,697 key level is very important to the Ethereum price chart because

This $1,697 key level in the 4-hour timeframe has been respected over and over again by ETH for more than a year now.

This makes this level a potential game changer for the Ethereum trend, and how the ETH price reacts to this level will have a major effect on what the Ethereum trend will look like for the next couple of days/weeks.

The question now is who do we think will win this battle of dominance currently going on?

  • If the price breaks through $1,697, we could be entering a major bull run!
  • If the price fails at this $1,697 level, we could potentially see a massive dump for the ETH price
ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis
ETH $1,697 Major Resistance Still Holding! Why Is This Level So Important? Watch this 4-hour price analysis

Final Verdict!

The Ethereum price trend is still undecided! The ETH price continues to trade around the $1,697 major resistance level in the 4-hour timeframe.

This level will play a major role in what the Ethereum trend will look like in the coming days. Will the ETH price break through this level or should we expect a massive sell-off soon?

Claim up to $4450 in Bonus

100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $4450 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: