A short-term downward trend is underway on Ethereum’s market. Will that movement continue into the medium term?

For how long will the price keep falling?

After failing to fortify at a critical level, Ethereum’s price had just one option - to continue going down. But that movement can’t yet be classified as medium-term.

Ethereum (ETH) price chart

The $7.6 mark has become a new intermediate level.

If Ethereum’s price holds at that resistance and forms a turn, the short-term downward trend is going to end and there will be an upward rebound toward the medium-term trend.

Ethereum (ETH) price chart

If a turn doesn’t happen at the level of $7.6, the short term trend will continue.