Ethereum

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Buyers have failed to hold the local rise, according to <a href="https://u.today/shib-prediction-for-september-3" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="b7c224e4-72cd-43c1-ac98-dea988a6d0bd" src="https://u.today/sites/default/files/inline-images/top10_1337.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has dropped by 4.63% over the last day. <img data-entity-type="file" data-entity-uuid="7adc554c-19ab-442a-b67b-800c57e24d55" src="https://u.today/sites/default/files/inline-images/eth1_131.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ETH is in the middle of the local channel, between the support of $2,306 and the resistance of $2,449. As most of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow. <img data-entity-type="file" data-entity-uuid="271c0d7e-2503-417e-bf7c-588278312b9e" src="https://u.today/sites/default/files/inline-images/eth2_138.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of the main altcoin has continued to fall after yesterday's bearish closure.&nbsp;
However, if the candle closes far from its low, traders may witness a bounce back to the $2,500 range shortly. <img data-entity-type="file" data-entity-uuid="5f2b8be2-0cda-4a66-873a-48ec941a2578" src="https://u.today/sites/default/files/inline-images/eth3_127.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, there are no reversal signals yet. Until the price is below the crucial area of $2,500, there is a chance to see an ongoing decline.
Ethereum is trading at $2,401 at press time.

Ethereum (ETH) Prediction for September 4

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