Ethereum Chart of TradingView
Ethereum Trend Price Medium-Term:
Supply Zones: $ 400, $ 450, $ 500
Application Zones: $ 150, $ 100, $ 50
The ETH continues to vary in the medium-term prospects. The price of cryptocurrency was $ 284.21 in the supply area on August 24 due to bullish pressure within the segment. The bullish exhaustion is falling as evidenced by the formation of a downturned upside down hammer.
The price of ETH dropped to $ 269.32 in the demand area on August 26th. Due to a loss of momentum the price has failed to fall and the bulls are ready to organize a return. ETH is currently up to $ 280.13 in the supply area.
The cryptocurrency remains in the range and trades between $ 310.00 in the upper supply area and $ 260.00 in the lower demand area of the segment. Patience must be taken into account, waiting for a breakout or failure to occur before taking a position.
Short-term trend in the price of Ethereum:
Ethereum Chart by TradingView
The ETH remains in the short-term perspective. $ 269.32 in the demand area was the low point where the bears managed to bring down the cryptocurrency before losing momentum. The bulls then came back and the ETH initially went to $ 276.13 in the refueling area. Although the 1 hour opening candle was bearish, the bulls continued to sustain momentum and the price rose to $ 280.19 in the supply area.
The price of the cryptocurrency is higher than the crossover of the EMA with the signal of the stochastic oscillator facing upwards.
ETH remains in consolidation and trades between $ 281.99 in the upper supply area and $ 270.50 in the lower demand area of the segment. Patience will be a good strategy to be used as coin ranges, until a breakout or failure occurs before entering a position
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