Ethereum

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Sellers maintain their pressure, according to <a href="https://u.today/solana-sol-price-analysis-for-september-2" rel="noopener noreferrer nofollow">CoinStats</a>. 
<img data-entity-type="file" data-entity-uuid="82ab1aab-87d1-4b1a-9f0e-34898d8b2789" src="https://u.today/sites/default/files/inline-images/top10_634.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a> 
<h2 dir="ltr" id="eth-usd">ETH/USD</h2> 
The price of Ethereum (ETH) has almost not changed since yesterday. 
<img data-entity-type="file" data-entity-uuid="3e5cf04d-73b0-4758-9d49-0f1068c35a68" src="https://u.today/sites/default/files/inline-images/eth1_84.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of Ethereum (ETH) has bounced off the local support level at $1,631. If buyers can hold the mark above it, the upward move may continue to the resistance around $1,640 tomorrow. 
<img data-entity-type="file" data-entity-uuid="a75343de-407f-423d-9451-3b602674a733" src="https://u.today/sites/default/files/inline-images/eth2_90.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the rate of ETH is trading sideways, which is confirmed by low volatility. The volume keeps falling, which means that neither side is ready for a sharp move.&nbsp; 
All in all, consolidation in the area of $1,620-$1,660 is the more likely scenario for the next few days. 
<img data-entity-type="file" data-entity-uuid="1e8a0580-3241-46b6-bd97-224a61dd46a5" src="https://u.today/sites/default/files/inline-images/eth3_82.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger chart, traders should focus on the bar closure in terms of the nearest level at $1,571. If the candle closes near it, the drop can continue to the vital level of $1,500. 
Ethereum is trading at $1,571 at press time.

Ethereum (ETH) Price Analysis for September 3

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