Price Analysis

Ethereum saw a sharp nosedive by the end of August

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Ethereum official ETH Global Hackathon is starting in 4 days at Harvard where users will get an opportunity of learning and hacking among the brilliant minds of ETH.

Ethereum Price Analysis & Forecast:

The price of Ethereum is trading at $171.41 at 07:16 UTC on 2nd September 2019. In last five days, the ETH price was initially seen trading at $188 on 28th August at 15:10 UTC. The value then dropped by 12.18% on 29th August at 15:00 UTC with the trading price of $165.10. Ethereum price saw an escalation afterward of 5.78% by 31st August at 21:50 UTC which is now dropped again by 1.83% from then.

As of now, ETH coin is trading below the baseline, that means the ideal trading decision might be ‘buying’ the ETH coins. However, Ethereum is a promising coin, and it might move in an actual roll soon.

Short-term Investment: Considering the short-term analysis, ETH price seems to be constantly dropping, and thus, it might not be a good time to restrict in the short-term investment as of now. However, when Ethereum price shifts to bullish, it might bring better opportunities in short-term investment.

Long-term Investment: Traders in the ETH from quite some time now might be facing a little crunch as of now. You might want to wait for some more time to enjoy the returns in the long-term.

Ethereum Price

While analyzing the price movement of Ethereum, the resistance and support levels might be of your interest:

Resistance Levels
R3: 177.88

R2: 175.79

R1: 173.71

Support Levels

S1: 169.54

S2: 167.45

S3: 165.37

To conclude, Ethereum has been attention seeking coin. In no time, traders might earn some value in their patience.

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