On the hourly chart, the rate of Ethereum has come back to the local support level at $1,884. Almost all of the growth has been absorbed by one candle.
If the decline continues, the breakout may lead to the test of the $1,870 zone shortly.On the daily time frame, the price of Ethereum has once again failed to fix above the $1,900 zone. If nothing changes by the end of the day, the drop may continue to the $1,840 area. Such a scenario is relevant until the end of the week.
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