If ethereum's weekly close falls below $1,850, a further accelerated decline may occur.

According to BlockBeats, on May 29, analyst Alicharts stated that if Ethereum’s weekly closing price falls below $1,850, a faster downside move will become highly likely. Through technical analysis, Alicharts believes Ethereum’s downside support levels are as follows:

• First target: around $1,560 (mid-term structural support);

• Second target: near $1,070, which marks the lower boundary of a multi-year range.