Ether must now be at risk?

The reaction in the markets to the latest US CPI is getting as much coverage here as possible in as shorter amount of time as possible too, as there is a lot to try and convey. The reaction to the US data and higher dollar has knocked both BTC and Ether. Ethereum (ETHUSD) fell immediately to a new low on the week upon digesting all this news. That drop takes it back close to the repeatedly noted important 1705 level. It has not been put to the test yet, but this current price action surely puts that level right back on the radar ahead of the weekend. It remains to be seen if the buyers will come back into play at lower levels once more. If not then any move below 1705 is likely to be rapid if seen. ETHUSD is currently trading at 1738