It seems that this reaction of Ether’s price is corresponding to the conference in Shanghai, which took place on September 19. Vitalik Buterin, the co-founder of Ethereum, planned to present a new version of the protocol. The third version of the document will allow Ether to move on to the proof-of-stake algorithm, which was planned to begin in March this year. These new proposals can cause an increase in Ethereum purchase deals.At the moment, the price is stopped near a key level, at an intersection point of a diagonal channel and accumulated volume. However, for a more confident growth it needs to form a turning wave. For that, the downward rebound shouldn’t reach the $12 support line, if it does, the side-way movement will continue. The majority of traders need to support the price at the level of $13. In that case, an upward impulse will likely occur. If the price returns to the level of $12, a turn to decline is most likely attainable at that point.Ether’s price will stop at that mark, if the support remains in the form of large buy orders.