Ethereum

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Buyers remain more powerful than sellers to a certain extent as the prices of <a href="https://u.today/bitcoin-btc-price-analysis-for-august-23" rel="noopener noreferrer nofollow">most of the coins</a> are rising. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="9e476336-0c2d-4279-9c2b-866c630b15a8" src="https://u.today/sites/default/files/inline-images/top10_614.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="eth-usd">ETH/USD</h2> 
The price of Ethereum (ETH) has increased by 0.84% over the past 24 hours. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="c56f5fca-b61d-4baf-8d0c-37817a5cbdd1" src="https://u.today/sites/default/files/inline-images/eth1_81.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the short-term chart, traders should keep an eye on the immediate resistance level at $1,650.9. Should a false breakout occur, the price could potentially climb to the range of $1,660 to $1,670 in the near future. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="b7a59f9a-47c1-4126-a85e-22ff9fbdb74b" src="https://u.today/sites/default/files/inline-images/eth2_86.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Conversely, the daily chart presents a different scenario. The bullish momentum was unable to sustain yesterday's gains. 
If the situation remains unchanged by the end of the day, sellers could potentially take control, causing the price to drop toward the crucial $1,600 level. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="c51d7c63-e058-4d43-9d69-97e45cd16cfc" src="https://u.today/sites/default/files/inline-images/eth3_78.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Over a weekly timeframe, it is crucial to monitor the closing price of the candlestick. If selling pressure persists and the candlestick closes near the support level of $1,571, we could witness a sharp decline to the $1,450 to $1,500 range. 
Ethereum is trading at $1,648 at press time.

Ethereum (ETH) Price Analysis for August 24

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