Ethereum Price Analysis: ETH Must Clear $1,650 and $1,720 Resistance to Resume Uptrend

Ethereum (ETH) price has undergone a downside correction below $1,665, currently holding support near the $1,610 level. The article analyzes key resistance levels at $1,650 and $1,720 that ETH must clear to resume an upward trend. Technical indicators show a declining channel forming with resistance at $1,640 on the hourly chart, while the 50% Fibonacci retracement level has been tested. The overall outlook suggests a potential fresh upswing if price stays above the $1,550 support zone.