RATE Group | Ethereum (ETH) Daily Price Forecast – September 4
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Ethereum (ETH) Daily Price Forecast – September 4

04 Sep Ethereum (ETH) Daily Price Forecast – September 4

Posted at 14:26h in Ethereum News by

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Ethereum Price is Going to $0 if No Blockchain Protocol Changes are Made: Vitalik Agrees?

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, September 3, the price of Ethereum was in a range-bound zone fluctuating between the levels of $ 320 and $260. Traders were advised that in a ranging market a cryptocurrency be could be traded by trading the upper and lower level of prices until the digital currency come out of the range-bound zone. Today, the price of Ethereum is range bound and the market is quiet.

In the last three days, the price of the cryptocurrency has been stable below the $300 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is neither below nor above 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart,…

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