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Ethereum $ETH Forecast: Monday Edition: Moving Sideways

August 06 2018 16:19 UTC

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This edition features popular Ethereum $ETH technical analyses from BitcoinExchangeGuide, ETHNews and FXStreet. Or jump right to today’s Ethereum $ETH Forecast.

BitcoinExchangeGuide Analysis

View: sideways

sideways

Azeez M of BitcoinExchangeGuide discerns "price has broken the support level of the range bound zone [and] Today, the price of Ethereum has fallen to the low of $400.36 and had commenced another sideways trend"

ETHNews Analysis

View: bearish

bearish

Aayush Jindal of ETHNews presents "A major bearish trendline is in place with resistance at $412.00 on the 2-hour chart of ETH/USD [and] Technically, the 30-minute chart indicators are moving lower in the bearish territory"

FXStreet Analysis

View: sideways

sideways

Yohay Elam of FXStreet surmises "The price of Ethereum is sandwiched between two critical congestion areas. The good news is that another collapse does not look imminent. However, recovering is complicated as well."

Ethereum $ETH Forecast

on Monday August 06 2018 16:19 UTC

sidewaysbearishsideways

The crypto pundits say: “sideways/bearish/sideways/”.

Two experts indicate $ETH price is likely to move sideways while the third view tends towards a bearish direction.

At press time the Binance last price is $405.75 and four hours ago dipped as low as $402 with $413.28 the 24 hour high. Around midnight the MACD slipped into the red indicating increased sell pressure.

Ethereum Classic $ETC to List On Coinbase
Changing coins, Ethereum Classic is up 6.70% in 24 hours and currently rising at $18.35 as the buzz and hype about the pending Tuesday Coinbase $ETC listing heats up. The daily candles show green in three of the last four days, bucking the crypto industry trends. $ETC is also a top performer today with better 24 hour performance than any other Top 100 coin except one – $HOT $0.000768 USD (37.44%) according to CoinMarketCap.com.

Browse yesterday’s Ethereum $ETC Forecast for expert technical analysis viewpoints about the pending Coinbase listing.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds $ETC and other cryptocurrencies at the time of writing.

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