Ethereum

bullish

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Buyers are controlling the situation on the market at the end of the week, according to <a href="https://u.today/shib-prediction-for-august-17" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="5840673c-a700-4763-80ab-3a355c55729a" src="https://u.today/sites/default/files/inline-images/top10_1304.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has gone up by 2% over the last day. <img data-entity-type="file" data-entity-uuid="50e1081b-daa4-4145-8153-3dbd663fd3d0" src="https://u.today/sites/default/files/inline-images/eth1_128.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ETH is testing the resistance of $2,669. If a breakout happens, the accumulated energy might be enough for a test of the $2,700 range soon. <img data-entity-type="file" data-entity-uuid="04b620e1-96e2-4582-8070-8351d5f36675" src="https://u.today/sites/default/files/inline-images/eth2_135.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A less bullish situation is on the bigger time frame. While the price is below the $2,750 level, there is still a chance of a correction to the <a href="https://u.today/ethereum-eth-prediction-for-august-16" rel="noopener noreferrer nofollow">$2,500 area</a>. <img data-entity-type="file" data-entity-uuid="dbb1845e-4cc2-4097-a8e3-732ac8430c37" src="https://u.today/sites/default/files/inline-images/eth3_124.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, neither side is dominating. In this case, an ongoing consolidation in the wide range of $2,500-$2,800 is the more likely scenario until the end of the month.
Ethereum is trading at $2,664 at press time.

Ethereum (ETH) Prediction for August 18

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