Ethereum (ETH) shows a 1.40% price decline over the last 24 hours. Current ETH charts are analyzed for forecasting further dynamics.
Current Situation on the Hourly Chart
On the hourly chart, the ETH price has set a local support at $1,833. Most of the ATR has been passed, indicating unlikely sharp moves today. However, if the bar closes near this mark, a test of the $1,800 zone can be expected tomorrow.
Analysis on the Daily Chart
On a larger timeframe, there are no reversal signals yet. If the candle closes near the support of $1,810, the accumulated energy might be enough for a drop to the $1,600-$1,700 range.
Dynamics on the Midterm Chart
From a midterm perspective, buyers failed to maintain growth after the previous bullish candle closure. If the situation does not change by the end of the week, there is a likelihood of a test of the $1,463 support soon.
Ethereum is currently trading at $1,855. Continuing current trends might further test the support level, indicating future price moves.
