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Price analysis of Ethereum (ETH) – September 3
ethereum-eth-price-analysis-september-3 [19659004] Medium and short-term prospects continue to consolidate
Ethereum Chart of TradingView
Ethereum Price Medium-term trend: remote
Supply Zones: $ 400, $ 450, $ 500
Demand Zones : $ 150, $ 100, $ 50
ETH continues to vary in its medium-term prospects. $ 302.70 in the supply area was reached on 1 September with strong bullish pressure from the low of $ 277.00 in the demand area. Railroad training returned bears and the price fell $ 285.75 in the required area below the 10-day EMA.
The stochastic oscillator is at 33% and points to downward points that imply a negative momentum in the price of cryptocurrency while continuing consolidation.
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 should be exercised for a breakout or a failure to occur before taking a position.
Short-term trend in the price of Ethereum: Ranging
Ethereum Chart by TradingView
ETH remains in consolidation in its short-term prospects. The 1-hour spark plug was down $ 295.35 with sustained pressure up to $ 285.75 in the demand area. The price is lower than the crossover of the two EMAs, which implies a further downward pressure within the segment.
ETH is in consolidation and trades between $ 296.14 in the top supply area and $ 280.00 in the lower demand area of the segment. Operators should wait for a breakout or failure to occur before taking a position.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research
