Why is Ethereum Price Falling! Which Levels Should Investors Follow!

• Today, Ethereum price experienced a drop to levels around $1808.
• If ETH price cannot break the resistance level of $1875, how far can the drop continue?
• What will be the future of Ethereum?

Can Ethereum start to rise? What is the target for the drop if ETH price cannot break the level of $1875? Current ETH analysis!

Medium-Term ETH Price Analysis!

12 Hour Price Graph Source: TradingView

When we examine Ethereum’s 12-hour price graph, it can be seen that it moves close to the important support zone of $1780.

ETH price may want to start the upward movement from this zone as long as it continues to have daily candlestick closes above the level of $1780, as stated in the analysis.

If ETH price makes daily candlestick closes below the level of $1780, it may realize the downward movement to levels around $1686.

Short-Term ETH Price Graph

2 Hour ETH Price Graph Source: TradingView

If Ethereum price makes 2-hour candlestick closes above the level of $1810, it can start the upward trend from this zone.

If ETH price continues to have 2-hour candlestick closes above this zone, the upward target will be the level of $1940.

If ETH price makes 4-hour candlestick closes below the level of $1810, the downward target will be the level of $1760.