Tough to say. This local S/R at $1715 and $1750 is rather new, only created by the volume back in March and April. Yet this whole general zone $1640-1940 was a bottom in 2021. So one could say it's stronger as a potential base due to that.
With the ratio ailing, we're dependent on BTC right now, which is in its pre-bull dominance phase -- likely topping around 50-55 this cycle so we're close.
But should grandpa finally lose this support at 25.4-25.7k... it's elevator down to $23.5k, maybe even the weekly MA at 22.