Ethereum is a native token of the ethereum network. Stakers can stake their ethereum coin on the ethereum staking pool to be used to secure the ethereum network and in return they receive the reward in form of new ethereum released into the ethereum network or the gas fees used to pay for initiation of transactions from one ethereum address to another. Dapp owners and token owners on the ethereum network can use the ethereum coin to pay for transaction for running their dapps on the ethereum network and to transfer the ERC20 tokens from one ethereum address to another. 

On Monday 14th of August 2023, One ethereum started trading at around $1853. By Tuesday the same week, the price hade managed to go as low as $1815 but later rises to around $1834 on Wednesday the same week. On Thursday the same week, the price dropped to around $1727 but later slightly rises to around $1743 on the same day. On Friday, the price dropped to its lowest point of $1486 but later sharply rises to around $1715 the same day. This is shown as from the candle sticks chart below;

The above is the market for ethereum for the whole of this week. As you can see, the price started trading at around $1853 on Monday. As of Tuesday the same week, the price can be seen to have dropped by $38. This drop is as a result of buyers exceeding the number of sellers. The price later rises by $19 on Wednesday since  more sellers who were holding their ethereum are starting to sell in the hope that the market will continue dropping. This causes the buyers to exceed the sellers thus causing the price to fall by $107 on Thursday. Few buyers who had purchased their ethereum over there hold for a short period of time and decided to sell them in the fear that the price will not continue moving upwards. Because of this, the sellers shortly exceeds the buyers thus causing the market to slightly move upwards to $1743 by $16 on the same day. On Friday the same week, there are many buyers purchasing ethereum with their USDT at $1743. This causes the market to resist to continue moving upwards but instead reversed and sharply moves downwards to $1486, a price decrease of $257. At $1486, some buyers who were holding their ethereum are beginning to lose hope that their holding will continue losing value thus they are beginning to sell at faster rate. Because of this,the sellers are again exceeding the buyers thus causing the market to sharply gain support over there and rise all the way to $1715, a rise of $229. Over there, the market has resist to continue an uptrend and can therefore be seen to have started a downtrend. If the buyers will continue exceeding sellers,we should expect the market to continue moving downward while if the sellers will continue exceeding the buyers over there then a support point should expect to be seen there and the market can continue moving to over $1800.