spot_imgspot_imgspot_img

From Which Level Can Ethereum Start Its Rise? August 25th ETH Analysis

  • Ethereum can rise to the level of 1696 dollars, taking strength from the support level of 1630 dollars. However, 2-hour closings above 1653 dollars can support the rise.
  • Continuing to stay above 1630 dollars can contribute to the continuation of the upward trend. On the other hand, hourly closings below 1630 dollars can direct the decline towards the support range of 1605 – 1610 dollars.
  • Ethereum’s daily chart shows movements above the level of 1611 dollars. Daily closings above 1611 dollars can support the rise towards the target of 1700 dollars. However, if closings above 1700 dollars do not occur, the decline can continue towards the level of 1611 dollars.

ETH short-term chart has the potential to rise to the target of 1696 dollars with the strength it takes from the support level of 1630 dollars. However, 2-hour closings above 1653 dollars are necessary for this rise to strengthen.

Medium-Term ETH Analysis

Daily ETH/USD Price Chart
Daily ETH/USD Price Chart

When the daily technical chart of Ethereum is examined, it can be seen that the price movements above 1611 dollars continue. Daily closings above the level of 1611 dollars can support the upward trend up to the level of 1700 dollars.

If Ethereum makes a daily closing above 1700 dollars, a rising target towards the resistance range of 1762 – 1816 dollars can be formed. If the price closes above 1816 dollars, the next target could be the level of 1858 dollars.

However, if Ethereum fails to make a daily closing above 1700 dollars, the downward trend can continue back to the level of 1611 dollars. In addition, daily closings below 1611 dollars can extend the decline to the levels of 1555 dollars.

Short-Term ETH Analysis

1 Hour ETH/USD Price Chart
1 Hour ETH/USD Price Chart

When the short-term technical chart of Ethereum is examined, it can be seen that it can continue the upward movement towards the level of 1696 dollars with the support it takes from the level of 1630 dollars. However, it is important for ETH to make 2-hour closings above 1653 dollars to strengthen its rise.

As long as the ETH price stays above the level of 1630 dollars, it can continue the upward trend. However, if Ethereum makes hourly closings below 1630 dollars, it can expand the downward trend towards the support range of 1605 – 1610 dollars.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

BlackRock’s iShares Bitcoin Trust Skyrockets to $10 Billion AUM, Marking Historic ETF Milestone

This article explores the remarkable achievement of BlackRock's iShares Bitcoin Trust (IBIT) reaching $10 billion in assets under management (AUM), reflecting growing institutional interest and trust in cryptocurrency investments.

Bitcoin Futures Open Interest Hits Record High, Signaling Strong Market Sentiment

This article delves into the recent surge in Bitcoin futures open interest, showcasing increased market activity and the implications of speculative buying on price movements.

Bitcoin Enters Bull Market with Predictions of 10-Month ‘Face Melting FOMO,’ Says Analyst PlanB

This article explores the latest Bitcoin bull market forecast by analyst PlanB, the implications of the stock-to-flow model, and the role of new Bitcoin ETFs in shaping investor interest and market dynamics.

Bitcoin Eyes $70,000 Milestone: Bloomberg’s McGlone Predicts Shift from Gold to Crypto

As Bitcoin approaches the $70,000 mark, Bloomberg's Mike McGlone forecasts a pivotal transition in investment from gold to cryptocurrency, signaling a transformative phase in asset allocation.

Can XRP Price Reach $1? Noted Analyst Reveals Prediction!

Ripple's XRP token is trading below $0.60; what will be the next target for the XRP token? Current predictions!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Bitcoin BTC’s Surge Leads Crypto Market Rally, Ethereum Eyes Next Breakout Above $3,200

This article delves into the recent Ethereum price rally that, despite a slight stall, shows promising signs of continuation, buoyed by Bitcoin's impressive gains and potential for further upward movements.

Ethereum Dencun Upgrade is Approaching: Which Layer 2 Tokens Stand Out?

With Ethereum's Dencun upgrade approaching, tokens of Layer-2 DeFi platforms on Ethereum have started to gain attention.

Ethereum Outshines Bitcoin as Traders Eye Potential ETF Approvals

As Bitcoin struggles to surpass its recent peak, Ether continues to outperform, drawing traders' attention towards potential ETF approvals and indicating a possible expansion of the crypto bull market.