$ETH

The general trend is down, and Ethereum remains within a downtrend.

The current price of Ethereum is 1558. The near-term trend may lead to a decline to the 1350/1300 area.

There is a possibility of a rebound if the price stabilizes there.

If this support fails to respond, the price will continue to decline to 1120.

The medium-term forecast: After filling the price gap, Ethereum may resume its rise to the 1650-1520 area. It is also possible to reach 1900 if the resistance level is breached.

Now, we should monitor the 1300-1350 area, an area from which an uptrend is expected to form if signs of a rebound appear, such as a bullish candlestick formation with momentum in trading volume.

However, if this support level is broken and breached, we must wait for the price to stabilize at a safer area, namely 1100.