Ethereum is under serious pressure, continuing to gradually lose its positions.
However, it is unlikely that we will see a continuation of the sale that began on August 14th.
In the near future, it is expected to establish a balance and develop a short flat.
Now there is an attempt to rebound from the lower border. There is also a support level below.
In the current situation, it is worth looking at the possibility of short-term purchases at current market prices.
Stop loss is recommended to be set at 1540, take profit at 1625.
![](https://images.ecency.com/DQmVKuKYaafkPL9ARceeHTfwkJDgJ95tpJEGDJh12vQBAHM/ethusdh4.png)