Ethereum is trading near $1,639 on the 30-minute chart, with short-term sentiment remaining bearish unless price reclaims and holds above $1,654.63. The nearest support level sits around $1,604, where traders see significant liquidity and demand. Resistance levels are clustered near $1,654.63 and $1,667.61, while $1,714.50 marks a recent swing high. A weak retest of the $1,651-$1,654 area could attract selling pressure, with $1,604 viewed as a key downside target. A sustained move above $1,654.63 would shift the outlook bullish, opening the way toward $1,667.61 and $1,686.46.
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