*The Ethereum FGI is finally in “Extreme Fear” as investors begin to capitulate. However, this is still not as low as the overall crypto market FGI, which is at 12 as of today. This means that Ethereum investors are not as fearful as the rest of the market, and many have not yet capitulated.*
During the last week, ETH value has declined by another 10%, now trading around the $1800 mark, but sinking as low as $1700 to test that support zone.
This $1.7-$1.8k zone is a range bottom for ETH that we identified, but it remains to be seen if this is the true bottom and we bounce up or if further price declines are in store.
Let’s take a look at the[ charts](https://midas.best/EthAnalysis) to identify the critical levels and patterns.
**Support Zones:**
* $1.7-1.8k
* $1.4k
* $1.1k
**Resistance Zones**
* $2k
* $2.6k
* $3k