Categories: Ethereum

Ethereum Price Analysis: ETH Tries to Show More Strength, Is $235 in Sight?

Click here to view original web page at
ETHUSD - Daily Chart

ETH Price Analysis – August 3

Ethereum price was seen trading at $221.55 today while the price is trending below the green Ichimoku cloud.

ETH/USD Market

Key Levels:
Resistance levels: $255, $260, $265
Support levels: $175, $170, $165

ETHUSD – Daily Chart

ETH/USD is currently consolidating in a flag formation for the last three days. ETH/USD is priced at $221.55 at the time of writing. The chart shows that the price first went up to $224.68, where it met resistance and then fell to $216.19. The bulls then re-entered again and took the price up to $221.45.

The daily price is trending below the green Ichimoku cloud and the 21-day moving average curve acts as immediate market resistance. The bulls will want to overcome resistance at MA 21 to reach $255, $260 and $265 levels. The moving average convergence/divergence (MACD) shows four straight bullish sessions. Meanwhile, the support levels to watch are $175, $170 and $165 respectively.

ETH/BTC Market

Against BTC, looking at the price movement, we can see that Ethereum is significantly bearish on the daily price chart. Now that the price is falling, the sellers are posing more threat to the 2000SAT support level where the nearest target lies. However, an eventual break may lead to Ethereum’s collapse.

ETHBTC – Daily Chart

However, a further bearish continuation will likely meet the major support at 1820SAT before falling to 1800SAT and 1780SAT while the buyers may likely push the market to the critical potential resistance at 2380SAT, 2400SAT and 2420SAT respectively. The stochastic RSI has recently seen a quick drop in price with sharply nosedive to the oversold territory. ETH will continue to drop if the sellers continue to release the pressure.

Please note: is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Ethereum price was seen trading at $221.55 today while the price is trending below the green Ichimoku cloud. ETH/USD […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.… Read More

36 mins ago

Street Artist Makes $12,000 in Bitcoin Donations

A French street artist best known for painting lady liberty leading the yellow vests has stated he has received more… Read More

2 hours ago

Wave Financial Launches World-First Bitcoin Yield Fund: Wave BTC Income & Growth Digital Fund

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ -- Wave Financial LLC (Wave), a leading asset management firm focused on digital assets,… Read More

2 hours ago

Nigerian man returns bitcoins worth $80,000

Keith Mali Chung returned Bitcoins worth $80,000 mistakenly transferred to him. A Nigerian man who found $80,000 dollar's worth of… Read More

2 hours ago

Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited

Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.The BTC/USD instrument… Read More

2 hours ago

Bitcoin Hashrate Hits All-time High as Price Dwindles

The benchmark metric of miners confidence in the Bitcoin network established its all-time high on Thursday.Hashrate, which reflects the processing… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More