Ethereum

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Bears keep controlling the situation on the <a href="https://u.today/bitcoin-btc-price-analysis-for-august-2" rel="noopener noreferrer nofollow">market</a>;&nbsp;however, there are some exceptions to the rule. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="1a15ac1f-7b76-4c76-9df0-780125bf830b" src="https://u.today/sites/default/files/inline-images/top10_577.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="eth-usd">ETH/USD</h2> 
The rate of Ethereum (ETH) has increased by 0.29% over the last 24 hours. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="a812f9f4-0ab2-4b4b-ae39-864452accdfa" src="https://u.today/sites/default/files/inline-images/eth1_78.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, traders should focus on the nearest level at $1,844.7. If the daily candle closes above it, the rise may continue to the $1,850 area. Such a scenario is relevant until the end of the day tomorrow. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="236f815f-f048-4c85-a5b6-cfb073a98a80" src="https://u.today/sites/default/files/inline-images/eth2_83.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
An opposite picture can be seen on the bigger time frame, as the price remains near the support level at $1,816. Traders can start thinking about midterm growth only if the rate gets back to the $1,900 mark and fixes above it. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="54ea2c47-ad7d-4ff3-8b41-fb282551954e" src="https://u.today/sites/default/files/inline-images/eht3_0.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, the rate of ETH has made a false breakout of the support at $1,816. 
If the bar closes far from it, bulls have a chance to seize the initiative. In another case, the breakout may lead to the ongoing decline to $1,760. 
Ethereum is trading at $1,837 at press time.

Ethereum (ETH) Price Analysis for August 3

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