Ethereum has decreased by 10% in the past week and the situation may worsen if demand continues to be weak. The lack of support from major investors means that short-term recovery is quite low.

The current chart shows a dominant downtrend. If ETH breaks below $1,500, the price could continue to fall to $1,300 or $1,200.

Conversely, if it holds above $1,700 and rebounds, ETH could recover to $1,900 - $2,000 in the short term.$ETH