34 minutes ago
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Key Takeaways
- ETH at $1,831 after a $1,700 low
- Low tagged the demand box’s upper edge
- 0.786 Fib near $1,785 reclaimed, close pending
- $2,002 is the first resistance that matters
Coindoo’s previous Ethereum update tracked the unwinding of the August breakout and the test of $2,000; that level has since gone, and four red sessions have carried the price from around $2,200 to the floor discussed below.
Why Does $1,700 Matter So Much?
Because the chart has been drawing the same box for two years. The shaded zone on the Binance daily runs from $1,400 to roughly $1,700, with a midline near $1,555, and it is where each of Ethereum’s major turns has been made since the spring of 2025. The April 2025 bottom formed inside it before the run above $3,400. The February 2026 capitulation wick stopped at its upper boundary, close to $1,710, and reversed to above $2,500. The June-July 2026 double bottom was built on its lower half, around the 1.0 retracement near $1,50...
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