RATE Group | Ethereum (ETH) Price Analysis – September 3
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Ethereum (ETH) Price Analysis – September 3

04 Sep Ethereum (ETH) Price Analysis – September 3

Posted at 03:15h in Ethereum News by

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Ethereum (ETH) Price Analysis – September 3

ethereum-eth-price-analysis-september-3

  • The medium and short-term outlook continues in consolidation

  • Patience should be exercised trading the range.

Ethereum, ETHUSD, Cryptocurrencies, chartEthereum Chart by TradingView

Ethereum Price Medium-term Trend: Ranging

Supply zones: $400, $450, $500

Demand zones: $150, $100, $50

ETH continues ranging in its medium-term outlook. $302.70 in the supply area was attained on 1st September with the strong bullish pressure from the low of $277.00 in the demand area. The railroad formation returned the bears and price was down $285.75 in the demand area below the 10-day EMA.

The stochastic oscillator is at 33% and it signals points down which is implies downward momentum in price of the cryptocurrency as it continues consolidation.

The cryptocurrency remains…

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