Ethereum Bears Set Their Sights On Next Downside Target If $1,700 Support Breaks

The price of Ethereum is currently on a downtrend and is approaching a significant support level. In the past 24 hours, there has been little movement on the chart, while on the weekly chart, ETH has experienced a depreciation of over 3%.
This downtrend in Ethereum is consistent with the volatile behavior of Bitcoin, which has been moving back and forth around the $26,000 price mark. Other altcoins have also been exhibiting similar patterns and the technical analysis of Ethereum indicates a bear