Ethereum price eyes drop to $1,650 as it forms bearish rounding top
The post Ethereum price eyes drop to $1,650 as it forms bearish rounding top appeared on BitcoinEthereumNews.com. Ethereum has weakened for a second straight session as a bearish rounding-top pattern and renewed selling pressure threaten a move toward $1,650. Summary Ethereum fell below $1,750 after failing to break above key resistance near the 50-day EMA around $1,800. A bearish rounding-top pattern, weakening momentum indicators, and liquidation clusters point to $1,650 as the next support. Despite four straight days of spot ETF inflows, analysts say the recent rally has been driven mainly by spot demand rather than leverage. According to data from crypto.news, Ethereum (ETH) was trading near $1,737 at press time, down nearly 2% over the past 24 hours after a wallet linked to a large holder transferred roughly $26.9 million worth of Ether to a centralized exchange. The move triggered fresh profit-taking after Ethereum’s recent recovery stalled just below a major technical resistance