As of today’s market close, Ethereum (ETH) has experienced a slight decline over the last 24 hours, down by approximately 2.76%. According to CoinStats, a notable trend is the downward movement across various cryptocurrencies during this week’s closing session. [Insert image from the original article if possible] On an hourly timeframe, the ETH/USD rate has dipped below its local support level of $1,812. If this trend continues overnight, we could see a further drop to approximately $1,750 in the coming hours. 📈. 🗓️ On a longer timescale, Ethereum’s price has shown resilience by bouncing off the support line at $1,810. However, if the closing candle on tomorrow’s session closes around or below this level, there is an opportunity for a breakout that could lead to a movement toward the $1,700-$1,750 range. 📉 The weekly chart paints a different picture; despite prior bullish momentum, bulls have faltered in sustaining the upward trend. If tomorrow’s close hovers around current levels, it might signal enough accumulated energy for a test of the $1,500-$1,600 price range. 📊 Ethereum currently trades at $1,810 according to our latest update. For the most up-to-date information, please refer to U.Today’s original article.