#Ethereum Based on current market data, Ethereum's price is around $1,808.46, with a 0.98% decrease in the last 24 hours. Here's a brief analysis of indicators and potential price movements:

*Short-term Indicators:*

- *Support Level*: Ethereum has formed a critical support zone between $1,772-$1,824, with 6.36 million ETH purchased by 4.5 million addresses. This zone could help the price bounce back if it approaches this level.

- *Resistance Level*: Immediate resistance is near $1,820, followed by major resistance at $1,880. A clear move above $1,880 could trigger a substantial rally.

- *Relative Strength Index (RSI)*: The 14-day RSI is at 78.46, indicating overbought conditions, which might lead to a price drop in the near term.

*Potential Price Scenarios:*

- *Upside*: If Ethereum breaks above $1,880, it could target $1,950 or even $2,000. Further gains could be expected, with $2,050 as the next target level.

- *Downside*: If the $1,772 support breaks, Ethereum could fall to $1,500 with few intermediate support levels.

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