Ethereum rejection at $1,700 leads to losses under $1,500. A double-bottom pattern brings hints at a potential recovery toward $1,800. If support at $1,400 fails to hold, Ether could drop to $1,200. Ethereum could not continue with the upswing following the breakdown to $1,400 due to the selling pressure at $1,700. The bulls abandoned the

Ethereum has lost several support levels since the rejection from the all-time high of $1,940. Support at the 200 SMA is expected to prevent extended losses toward $1,500. Recovery above $1,700 may call out many buyers to rejoin the market in anticipation of gains eying $2,000. Ethereum has been among the cryptocurrencies that are correcting