Ethereum Price Analysis — August 31
Despite its fast-approaching upgrade launch, Ethereum continues to struggle with mounting bearish bias due to the spillover effect from the broader market sentiment. Over the past 48 hours, the blockchain ecosystem cryptocurrency has struggled with the $1,600 resistance.
If my 4-hour channel and chart are anything to go by, the cryptocurrency is on the verge of a massive dip to the $1,400 support area. However, this projection can be negated if the cryptocurrency takes the $1,600 mark in the near term. Can Ether manage a 4% bullish breakout soon to save its skin from $1,400?
Meanwhile, my resistance levels are $1,600, $1,700, and $1,800, and my support levels are $1,500, $1,400, and $1,265.
Total Market Capitalization: $988.6 billion
Ethereum Market Capitalization: $193.6 billion
Ethereum Dominance: 19.5%
Market Rank: #2
If my 4-hour channel and chart are anything to go by, the cryptocurrency is on the verge of a massive dip to the $1,400 support area. However, this projection can be negated if the cryptocurrency takes the $1,600 mark in the near term. Can Ether manage a 4% bullish breakout soon to save its skin from $1,400?
Meanwhile, my resistance levels are $1,600, $1,700, and $1,800, and my support levels are $1,500, $1,400, and $1,265.
Total Market Capitalization: $988.6 billion
Ethereum Market Capitalization: $193.6 billion
Ethereum Dominance: 19.5%
Market Rank: #2
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.