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Price dropped to $1835 level.
- Important support and resistance levels that Ethereum investors should follow!
- What will be the future of Ethereum?
Will Ethereum continue to decline? Which levels should ETH investors expect? Current ETH Analysis!
Medium-Term ETH Price Analysis!
12 Hour ETH Price Graph Source: TradingView
When we examine the current price graph of Ethereum, it has made a downward movement to the support level of $1835 since it could not break the important resistance level of $1937.
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When we examine the current price of Ethereum, it continues to move around the levels of 1866$ at the time of writing. If the ETH price makes 4-hour candlestick closures above the resistance level of 1875$ mentioned in the analysis, it can start the upward movement again.
If the ETH price cannot rise above the level of 1875$, it may want to make a downward movement to the levels of 1785$.
The important area that Ethereum investors should follow is the level of 1940$. If the ETH price cannot make daily candlestick closures above this area, the downward target in the analysis may be the levels of 1640$.
For ETH to fall to the level of 1640$, it first needs to make daily candlestick closures below 1779$.