Ethereum reclaimed a pivotal resistance zone after rebounding from the $1,704 level, with its price hovering near $1,745 at the time of writing. The altcoin recorded a 2.3% gain over the preceding 24 hours, signaling renewed bullish pressure. This movement followed a decisive defense of the $1,700‑$1,710 support corridor.
Technical Momentum
Buyers surged into the market as Ethereum tested its most significant support area of the month, anchoring the price above $1,700. The breakout has redirected attention toward the $1,850 target, a level that now appears within reach. On‑chain analytics from Arkham Intelligence highlighted fresh whale accumulation, reinforcing the upward trajectory.