Ethereum

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The correction has returned to the market, according to <a href="https://u.today/solana-sol-prediction-for-august-29" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="0b75e069-ea6f-4acf-a2a8-ce9967690a03" src="https://u.today/sites/default/files/inline-images/top10_1328.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 down by 4.1% since yesterday. <img data-entity-type="file" data-entity-uuid="f2413864-8e4c-4198-888b-e937cacee388" src="https://u.today/sites/default/files/inline-images/eth1_130.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 has broken the local support level of $2,503.&nbsp;
Until it is below it, bears keep controlling the situation on the market. In this case, the correction may continue to the $2,400 area. <img data-entity-type="file" data-entity-uuid="e7bc7960-9284-495d-9733-278e6bba0e44" src="https://u.today/sites/default/files/inline-images/eth2_137.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, there are no reversal signals yet. If the daily candle closes near its low, there is a chance to see an ongoing decline to the $2,300-$2,400 range. <img data-entity-type="file" data-entity-uuid="d3d31446-10ac-4e5b-b881-3c308a3cf72f" src="https://u.today/sites/default/files/inline-images/eth3_126.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the situation is also bearish. If the picture remains the same until the end of the week, one can expect a test of the nearest support level of $2,132 soon.
Ethereum is trading at $2,456 at press time.

Ethereum (ETH) Prediction for August 30

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