# Ethereum tests $1,700 support as bearish momentum builds

**Published:** 2026-07-11T16:01:36.069Z  
**Topic:** Ethereum  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/942b7298-32a3-4926-bae7-63d7af9e3758

Ethereum hovering around $1,710 faces a $1,700‑$1,720 support test; ETF inflows and whale buying clash with rising bearish indicators.

Ethereum is trading just above $1,700, and a daily close below the $1,700‑$1,720 zone could trigger a slide toward $1,550‑$1,600, while a break above $1,800 may open a path to $2,000 [1].

| At a glance | |
|---|---|
| Price | ~ $1,710 |
| 24h change | Not specified |
| Key level | Support $1,700‑$1,720; Resistance $1,800 |
| Catalyst | ETF inflows, institutional buying vs. rising bearish momentum (ADX, death‑cross) |

## Support test and bullish underpinnings  
Ethereum’s price has settled near a critical support band of $1,700‑$1,720, a zone that previously halted declines and allowed the rally to resume [1]. Holding this floor would reinforce the short‑term bullish outlook, especially as spot Ethereum ETFs continue to draw fresh inflows, providing “baseline buying pressure” from institutional investors [1]. The Relative Strength Index sits at 67.73, indicating that buyers still dominate, though the metric is edging toward the overbought threshold of 70 [1].

## Bearish pressure and whale activity  
Contrasting the bullish narrative, technical indicators point to strengthening downside momentum. A recent “death cross” in Ethereum’s exponential moving averages signals a shift from sideways trading to a more pronounced downtrend [2]. The Average Directional Index has risen sharply, confirming that the bearish trend is gaining strength [2]. Meanwhile, the Directional Movement Index shows a collapse in bullish pressure (positive DI) and a surge in bearish pressure (negative DI) [2]. Despite this, whale wallets have increased their holdings, reaching levels near the year‑to‑date peak, suggesting that large‑scale investors remain confident in ETH’s long‑term prospects [2].

## Resistance hurdle and upside potential  
If Ethereum can close above the $1,800 resistance with strong volume, analysts expect the price to target the $1,900‑$2,000 range, potentially attracting additional retail capital [1]. However, failure to maintain the $1,700 support could unleash forced liquidations among leveraged long positions, accelerating a move toward the next support zone around $1,550‑$1,600 [1].

## What to watch
- **$1,700‑$1,720 support** – breach could trigger a slide to $1,550‑$1,600.  
- **$1,800 resistance** – a clean close above may open the $1,900‑$2,000 corridor.  
- **Whale accumulation trends** – rising large‑wallet holdings may cushion downside moves.

Ethereum’s near‑term trajectory hinges on whether the $1,700 support holds amid growing bearish signals. The outcome will shape the next price corridor, either reinforcing the current rally or opening the door to a deeper correction.

## Sources
1. Analyticsinsight — [Ethereum Support Test: Will ETH Hold $1,700 or Breakout Past...](https://www.analyticsinsight.net/ethereum/ethereum-faces-key-support-test-whats-next-for-eth-price)
2. Coinpaprika — [Ethereum Faces Key Support Test as Downtrend Deepens](https://coinpaprika.com/news/ethereum-faces-key-support-test-as-downtrend-deepens/)

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Cite as: TrendWatcher, "Ethereum tests $1,700 support as bearish momentum builds", https://www.trendwatcher.in/article/942b7298-32a3-4926-bae7-63d7af9e3758