$ETH Probable Scenarios

🟢 Bullish Scenario (More likely short-term)

If price holds above 1710–1720:

* Break 1735–1745 resistance
* Move toward:
* 1760
* 1780 (upper BB + Supertrend zone)

👉 This would confirm a short-term trend reversal

🔴 Bearish Scenario (Rejection)

If price fails at MA25:

* Rejection at 1735–1745
* Drop back to:
* 1700
* 1670 (previous low)

👉 Losing 1670 = continuation of downtrend → 1640/1600 possible

⚖️ Key Levels to Watch

* Resistance:
* 1738 (MA25)
* 1760
* 1785 (Supertrend)
* Support:
* 1710
* 1670 (major support)

🧠 Summary (Simple View)

* Market is recovering from oversold
* Short-term: bullish bounce likely
* Mid-term: still bearish unless 1785 breaks