RATE Group | Ethereum (ETH) Daily Price Forecast – August 31
40746
wp-singular,post-template-default,single,single-post,postid-40746,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum (ETH) Daily Price Forecast – August 31

31 Aug Ethereum (ETH) Daily Price Forecast – August 31

Posted at 16:49h in Ethereum News by

[ad_1]

Ethereum-Stakeholders-Meeting-End-Inconclusive

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $300, $320, $340
Support Levels: $280, $270, $260

Yesterday, August 30th, the price of Ethereum was in a downward trend. On August 29, the cryptocurrency was unable to break the upper level of the price range. The price has now fallen to the low of $274.83. Today, the ETH price is ranging at a price of $280.83 between the levels of $320 and $ 260.

Traders should initiate long trades if the ETH price revisits the lower level of the price range.Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26 -day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is below the 12-day EMA and the 26-day EMA which…

[ad_2]

Source link