Price Analysis of Ethereum (ETH) – 4 September

Ethereum Chart by TradingView [19659008] Medium-term trend in the price of Ethereum: Ranging

Supply Zones: $ 400, $ 450, $ 500

Zones of question: $ 150, $ 100, $ 50

The ETH continues to vary in its medium-term prospects. The price is lower than the two EMAs with a stochastic indicator in the oversold region and reports the points below. It connotes a downward movement in prices that may occur within the medium term with an increase in bear momentum.

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 range. Patience must be exercised in order for a breakout or failure to occur before taking a position.

Short-term trend of Ethereum: Ranging

Ethereum Chart of TradingView

ETH remains in consolidation in its short-term prospects. Although at the 1 hour opening candle there was a bullish hammer at $ 289.27, the pressure of the bear remained strong and this caused ETH to drop to $ 280.85 in the area of question within the range.

ETH is still in consolidation and trades between $ 296.14 in the upper bidding 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.

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