Ethereum (ETH) Prediction for September 4

As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I must say that this latest dip in Ethereum (ETH) prices doesn’t surprise me one bit. The market is as unpredictable as a rollercoaster ride at times, but I’ve learned to navigate through these turbulent waters with relative ease.


Buyers have failed to hold the local rise, according to CoinMarketCap.

Ethereum (ETH) Prediction for September 4

ETH/USD

The rate of Ethereum (ETH) has dropped by 4.63% over the last day.

Ethereum (ETH) Prediction for September 4

On the hourly chart, the price of Etherium (ETH) is currently in the range defined by its local trend, hovering between the support level of $2,306 and the resistance level of $2,449. Since the majority of the daily Average True Range (ATR) has been exhausted, it’s unlikely that we’ll see significant price swings by tomorrow

Ethereum (ETH) Prediction for September 4

Over a larger period, the primary cryptocurrency has persisted in its downward trend following yesterday’s bearish market close

If the candle ends up significantly above its low point, traders might soon see a rebound towards the $2,500 range

Ethereum (ETH) Prediction for September 4

Looking at the midterm perspective, we haven’t seen any indications of a price reversal just yet. As long as the price remains above the significant level of $2,500, it’s possible that the downward trend may continue

Ethereum is trading at $2,401 at press time.

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2024-09-04 16:24