Ethereum is currently trading around $1,687 and continues to show signs of recovery after successfully holding above the $1,600 support zone.
The market structure has improved, and buyers are gradually gaining confidence. However, the key challenge remains the $1,750 resistance area. A strong breakout above this level could open the door for a move toward $1,800, $1,900, and potentially the psychological $2,000 mark.
On the downside, $1,650 and $1,620 remain important support levels. As long as ETH stays above these zones, the bullish outlook remains valid.
My view: Ethereum appears to be building momentum after a difficult period. The current price around $1,687 shows that buyers are defending higher levels, but the real confirmation of a larger rally will come only after a decisive break above $1,750.
For now, ETH is sitting at a critical turning point, making the next few trading sessions extremely important for determining its short-term direction.