Ethereum

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Neither <a href="https://u.today/binance-coin-bnb-price-analysis-for-august-25" rel="noopener noreferrer nofollow">bulls</a> nor bears are dominating at the beginning of the weekend. 
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<h2 id="eth-usd">ETH/USD</h2> 
The price of Ethereum (ETH) has declined by 0.44% since yesterday. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="ff1103d6-4273-4e50-8e22-24436ddb8d2c" src="https://u.today/sites/default/files/inline-images/eth1_82.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of Ethereum (ETH) is looking bearish as the price is on the way to test the local support at $1,646. If the situation does not change, the breakout may lead to a drop to the $1,640 mark tomorrow. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="192d2e25-b2cf-436f-a1c3-ca9c9ea28b0d" src="https://u.today/sites/default/files/inline-images/eth2_88.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, the price of ETH is trading sideways as the rate is far from the support and resistance. However, if bulls lose the vital <a href="https://u.today/ethereum-eth-price-analysis-for-august-24" rel="noopener noreferrer nofollow">zone of $1,600</a>, there is a high possibility of a test of the $1,542 mark soon. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="b1defc5b-f430-46cb-81d7-0208ff1eca1f" src="https://u.today/sites/default/files/inline-images/eth3_79.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, one should pay attention to the bar closure. If it happens near the closest level of $1,622 or below, the correction is likely to continue to the $1,400 area. Such a scenario is relevant until mid-September. 
Ethereum is trading at $1,648 at press time.

Ethereum (ETH) Price Analysis for August 26

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