Price Analysis

Ethereum (ETH) Records Marginal Decline of 1.38% Over Past Week

  • Ethereum falls to 178 USD after the last 24 hours’ dip.
  • The weekly high of 184 USD is still miles away to be achieved.

In the last 24 hours, the Ethereum price has moved below $180. Ethereum has been through phases of price variations since the previous week. The range of the ETH price remains between $167 and $184. However, the medium-term outlook for the coin is said to be bullish.

ETH to USD Price Analysis And Forecast:

ETH Price Prediction
ETH Price Chart by TradingView

Ethereum opened the week with a fall between 02nd September and 05th September. This fall of 5.78% cost the coin $10.48 and it brought the ETH price from $181.37 to $170.86. It had a break on 03rd September when it was being traded at $182 mark. The second swing happened over the next 1 day and in this period, the Ethereum gained $7.38 and placed the price at $178.24. It was followed by a dip in the ETH price by 6.09% and this took away $10.85 from the coin and made it roam at $167.39 on 06th September. This makes the lowest point for the Ethereum this week. The last variation started on 06th September and over the next 3 days, ETH coin gained 6.65% and reached $178.86.  However, this hike had a break on 08th September when it was at $184.29, the highest point for the week.

Ethereum has a strong fundamental to support its growth and in the medium-term, it is likely to have a rally. Following are the most probable resistance and support levels of Ethereum:

Ethereum (ETH)Resistance & Support Levels
1st Resistance$183.51
2nd Resistance$185.66
3rd Resistance$188.35
1st Support Level$178.67
2nd Support Level$175.98
3rd Support Level$173.83
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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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