Ethereum

Cryptocurrency

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    Aug 16, 2023 at 09:30 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/637/900_900_1/hszuvcpn8nbby2bk4ijzrqdw00n5b0qz.jpg" width="900" height="563" alt="Ethereum's sideways trend could continue" title=""> 
 <p><strong>Cryptocurrency analysts of Coinidol.com report, the Ethereum price (ETH) has remained steady due to the doji candlesticks.</strong></p> 
 <h2 style="text-align: justify;" id="long-term-analysis-of-the-ethereum-price-bearish">Long-term analysis of the Ethereum price: bearish </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> The most valuable altcoin is trading between $1,800 and $1,900. Ether is trading below the moving average lines but above the support level of $1,800. The altcoin is in danger of falling because it is below the moving average lines. </p> 
 <p style="text-align: justify;"> Since August 1, the cryptocurrency price has been above the support level of $1,800. The doji candlesticks have slowed down the price movement. </p> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> Both price increases and decreases seem doubtful. Ether is trading below the moving average lines, which gives the bears an advantage over the bulls. </p> 
 <h2 style="text-align: justify;" id="ethereum-indicator-analysis"> Ethereum indicator analysis </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> While Ether is consolidating above $1,800, the Relative Strength Index is unchanged. The price bars are now below the moving average lines, indicating that the price is likely to fall. Ether is in a downtrend below the Stochastic daily level of 40. The decline has slowed as Ether consolidates above the current support level. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="ETHUSD(Daily Chart) – AUG. 15.23.jpg" src="https://coinidol.com/upload/medialibrary/bc1/ujgoex7s113c7kc07be3v2ecnyl8n27k.jpg" height="528" title="ETHUSD(Daily Chart) – AUG. 15.23.jpg"><br> </p> 
 <h3 style="text-align: justify;" id="technical-indicators"> Technical Indicators: </h3> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> <b>Key resistance levels – $1,800 and $2,000 </b> </p> 
 <p style="text-align: justify;"> <b> </b> </p> 
 <p style="text-align: justify;"> <b> Key support levels – $1,600 and $1,400</b> </p> 
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-ethereum">What is the next direction for Ethereum? </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> Ethereum's sideways trend could continue as the altcoin trades in a range. In other words, as long as the boundaries of the trading range are not broken, the largest altcoin will continue its trend. On the 4-hour chart, Ether is trading between $1,820 and $1,880. </p> 
 <p style="text-align: justify;"> <img width="1024" alt="ETHUSD_(4 Hour Chart) – AUG.15.23.jpg" src="https://coinidol.com/upload/medialibrary/826/tl51o92orvba5qpqoaj385sq1p5syp48.jpg" height="570" title="ETHUSD_(4 Hour Chart) – AUG.15.23.jpg"><br> </p> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> As we reported on August 12, the resistance of $1,870 has stopped the advance. The bulls were just building upward momentum before the denial.&nbsp; </p> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer.&nbsp;This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i> </p> 
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Ethereum Is In A Range While The Bears Are Winning Over The Bulls

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