Ether rebounds 13% from $1,500 support as ETH retakes $1,700 and tests $1,780–$1,820
AI Market Summary
ETH rebounded ~13% from $1,500 and reclaimed ~$1,700 alongside a weaker USD after a sharply underwhelming U.S. nonfarm payrolls print, lifting risk assets broadly. Technically, ETH moved above the 100-hour SMA with RSI holding above 50 and a bullish 4-hour RSI divergence, shifting near-term structure. The $1,780–$1,820 zone is framed as the key resistance band for follow-through.
Impact level
● Medium
Affected assets
ETH/USDT+0.87%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Ether broke above $1,700 this week and briefly reached $1,786.09 after rebounding 13% from the $1,500 support zone. The move followed a sharp miss in the June U.S. NonFarm Payrolls report at 57,000 versus a 110K–115K consensus, which pressured the U.S. Dollar Index and lifted risk assets including ETH. Technically, ETH moved above the 100-hour simple moving average while the RSI held above 50, with a 4-hour RSI bullish divergence also cited. Resistance is seen at $1,780–$1,820, while Citi maintains a $2,240 target.
