Unlike Bitcoin , the rate of Ethereum is falling by 2.84% over the last 24 hours.
Ethereum has broken the local support level at $1,724 on the hourly chart. If buyers cannot seize the initiative until the end of the day, there is a chance to see the test of the vitalOn the daily time frame, the sitaution is also rather more bearish than bullish, as Ethereum could not fix above $1,800. At the moment, one needs to pay attention to the support at $1,705. If a false breakout happens, the bounceback may lead to the short-term growth to the $1.750 zone.
From the midterm point of view, the situation remains unclear as the new week has just started. However, if the decline below $1,721 continues, one can expect the test of another important level at $1,650. Such a scenario is relevant until the end of the month.
VitalikButerin ethereum sassal0x Glad I have finally found this
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