The Ethereum price has seen a slight upward trend this week, with gains of over 10% in the last seven days as per CoinStats data. However, experts are currently evaluating whether a sustained uptrend can be established. The hourly chart suggests that ETH/USD is approaching support at $1,597, potentially triggering a breakout if this level holds. A further drop to $1,550 seems likely if the daily bar closes near this region. 13th April’s price action reveals no clear dominance as the rate has been trading within yesterday’s range. Bulls may only initiate a potential upward move if resistance at $1,689 is broken, leading to a candle closing above it. Long-term, Ethereum has bounced off the support level of $1,368 after facing a recent downtrend. However, a quick rebound is unlikely given that sufficient energy hasn’t been accumulated yet. In the short term, sideways trading in the range of $1,500 to $1,700 seems likely.