Ethereum price trades near $1,717 as traders watch $1,750 resistance after a failed February highs retest.
Ethereum price is trading near $1,717 after failing to hold its retest above the February highs. The move has kept attention on whether buyers can regain short-term control.
Analyst Daan Crypto Trades said the $1,750 level remains the key area to watch. He noted that failure to reclaim this level would point to weakness.
The daily chart also shows ETH trading below the $2,083 Fibonacci level. This keeps the broader structure weak while price stays far below higher retracement zones.
For now, Ethereum is trying to hold near the $1,700 support area. A clean move above $1,750 could support recovery, while rejection may keep sellers active.
Ethereum Struggles After Failed February Highs Retest
Ethereum attempted to regain strength after moving back above its February highs. However, the move failed to hold, and price slipped back into a weaker short-term range.
Daan Crypto Trades said the $1,750 level remains pivotal for measuring short-term strength. He added that failure to retake that level would signal weakness.
$ETH Failed to hold the retest after breaking back above the February highs.
But it is now trying to break above again.
That $1750 level is pivotal for me to determine the short term strength. If price can’t manage to retake it, then that’d be a sign of weakness. pic.twitter.com/l43acKTj3P
— Daan Crypto Trades (@DaanCrypto) June 21, 2026
The chart shows Ethereum trading below the key $2,083 Fibonacci level. This keeps the broader daily structure under pressure as buyers try to rebuild momentum.
For now, ETH remains below major retracement zones between $2,585 and $3,532. A recovery above $1,750 would be the first step toward improving short-term sentiment.
ETH Price Holds Near $1,700 Support
Ethereum is now holding near the $1,700 support area. This level has become important because price is trying to stabilize after the latest pullback.
If ETH loses the $1,700 area, traders may watch the $1,550 to $1,600 range next. A deeper decline could then bring the $1,400 support region back into focus.
On the upside, Ethereum needs to break above $1,750 before buyers can claim short-term strength. A stronger move would then place the $2,083 level back on traders’ watchlists.
The current setup leaves Ethereum between support and resistance. Therefore, traders are waiting for a clear daily close before confirming the next direction.
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RSI and MACD Show Mixed Signals
The daily RSI sits near 40.29, showing weak momentum but not extreme selling conditions. This reading means Ethereum still has room to recover if buyers return.
A move above the 50 RSI level would suggest improving buyer control. Until then, the indicator still shows caution across the short-term trend.
The MACD has formed a slight bullish crossover, with the MACD line above the signal line. However, both lines remain below zero, so the wider trend still favors sellers.
For now, Ethereum remains between support near $1,700 and resistance near $1,750. Traders are watching whether ETH can reclaim that level and build a stronger path toward $2,083.
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