The debate between Bitcoin and Ethereum has always been a part of the discussion in this industry. However, the users’ perception towards ETH is, “When the price will go up so that they can sell the currency!” ETH is known to be part of the better returns in the investor’s portfolio. Let’s see what ETH has to offer today to its users.
Ethereum Shows Bearish Signs
The value of ETH is trading at $177.58 at 10:18 UTC on 4th September.
Considering the data statistics from the past 5 days, the value was trading at $166.12 on 30th August at 01:00 UTC. The value then increased by 5.04% by 31st August at 22:00 UTC with the trading value of $174.49. The value dropped the next day, on 1st September by 3.28% at 13:35 UTC which was increased by 8.38% yesterday at 14:40 UTC. The value was seen trading at $182.98. The value from then dropped by 2.93% as of now.
Ethereum is seen in the strong bearish trend today, which means it might be a good time for new traders to jump in the trade.
As per ETH Forecast, considering short-term investment, users might be able to earn some returns considering the fluctuation on a daily basis. Long-term investment, however, might take some more time for users to earn some incentives, maybe by the end of the year.
The calculated resistance and support levels will help the users avoid any unexpected losses in intraday fluctuations:
Resistance Levels:
R3: 188.96
R2: 185.65
R1: 182.58
Support Levels:
S1: 176.2
S2: 172.89
S1: 169.82
