Ethereum Price Forecast: ETH / USD reached resistance level of $ 3300

Ethereum Price Forecast-August 20
The price of Ethereum is consolidating and reaches $ 3300 as the technical indicator relative strength index (14) confirms the upward trend.
Key levels of the ETH / USD market:
Resistance levels: $ 3600,$ 3700, $3800
Support levels: $ 2900,$ 2800, $2700
ETHUSD – daily chart
Universal Ethereum
After a fall on August 18, supporting us $ 2951, the ETH / USD is now set to rise above the 9-day and 21-day moving averages once again above the upper limit of the price channel. However, as the Bulls regain the vital $ 3300 position, the daily chart shows that the price of ethereum is strengthening in the upward direction towards $ 3400. While resistance of $ 3,280 is difficult to overcome, ETH/USD may need to be needed to push the market price above the channel. Ethereum Price Forecast: ethereum (ETH) can recover more during trading, replaced by $ 3269 after the Ethereum Price has increased by only 2.69% per day. However, an intraday high of $ 3,300 is now the next resistance target, likely to stand on the way to a recovery of as much as $ 3,500. Meanwhile, the Technical Indicator shows that the Relative Strength Index (14) has risen above the 65 level, which may indicate that the ETH/USD is currently on the verge of decelerating. Therefore, support levels of$ 2900, $2800 and $ 2700 may come into play if the prize goes through the 9-day and 21-day MAs.
However, ETH / USD appears to have penetrated the upper limit of the channel. Moreover, the break on this barrier is another sign that is necessary for the ascent. Moreover, Ethereum (ETH) must rise above$ 3500 before reaching potential resistance levels of $3600, $ 3700, and $ 3800, respectively.
Against BTC, Ethereum trades below the 9-day and 21-day moving averages within the channel, and the price is currently hovering at 6693 sat as the Relative Strength Index (14) falls below the 50 level. Though the Bears still dominate

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