Ethereum Price Forecast-August 15
The Ethereum price forecast is poised to cross the channel’s upper limit after a quick pullback.
ETH / USD key Sunday levels:
Resistance levels : $ 3600,$ 3700, $3800
Support levels : $ 2800,$ 2700, $2600
Eth / USD is currently rising above the entry level of $ 3266 and will probably soon rise above $ 3500. Meanwhile, the ethereum Price has traded decidedly above the 9-day and 21-day moving averages in recent days as bulls continue to dominate the market. However, the monthly high remains at $ 3333 and the closest support level is at $ 3000, below the 9-day moving average.
Ethereum price forecast: the Ethereum Price can reach $ 3500. The Ethereum price remains above the 9-day and 21-day moving averages. If ETH / USD breaks the upper limit of the channel, it may again face significant resistance at $ 3400. However, a successful break over the channel could open up another rise above the $ 3,500 level. However, the price is likely to rise to resistance levels of$ 3600, $3700 and $ 3800 in the following positive directions.
In addition, technical indicators relative strength index (14) crosses into overbought area, this means that the market remains at an upward level, but a breakdown below this level, the currency may be below 9-day moving average, and if that happens, the ETH/USD 3.000 $ support can reach. The next big boost is near the 21-day average, where the Bulls are likely to take a strong position, but further losses could push the price closer to support levels of$ 2800, $2700 and $2600.
Compared to Bitcoin, the price of Ethereum now moves above the 9-day and 21-day moving averages as the market continues to change trends and nears the upper limit of the channel. Meanwhile, the relative force Index (14) technical indicator indicates that it is moving in the same direction, confirming lateral movement.Dec.
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Ethereum Price Forecast: ETH / USD preparing for resistance of $ 3500
