Hey BTC enthusiasts! 🚀 Ethereum's price has been a bit bearish lately, but don't lose hope just yet! 🌈 Technical analysis shows that the price recently tested the $1,750 resistance level but was rejected. However, the 50-day moving average around $1,650 is providing support, preventing a further decline. If these levels hold, we might see a rally toward the 200-day moving average near $1,800! 📈

On the 4-hour chart, the price is in a critical area, hovering around the $1,650 short-term support zone. If this level holds, we could see a new rally and potentially break above $1,750, aiming for the $2,000 level in the coming months! 🎯

But let's not ignore market sentiment. The Coinbase premium gap shows that American investors are currently bearish on Ethereum and selling aggressively. This could lead to a market crash if conditions persist. 😬 So, fingers crossed for Ethereum's price to hold and prevent a massive crash! 🤞📊