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Ethereum Price Prediction: ETH/USD Market Remains Between $3,000 and $3,500

Market Remains Between $3,000 and $3,500– August 21
The ETH/USD market remains between $3,000 and $3,500 as the price trades around the level at $3,289. The crypto’s percentage rate of trading is at 0.11 as of writing. That’s a sign that the crypto now pushes at a low positive capacity.

Market Remains Between $3,000 and $3,500: ETH Market
Key Levels:
Resistance levels: $3,500, $3,750, $4,000
Support levels: $3,000, $2,750, $2,500

ETH/USD – Daily Chart
The ETH/USD daily trading chart shows that the crypto market remains between $3,000 and $3,500 to continue its operations. The bullish trend-line drew above the trend lines of the SMAs has slightly extended northward below both the smaller bullish candlestick of yesterday’s session and the one in the probable makings today. The 50-day SMA indicator is beneath the 14-day SMA indicator. The Stochastic Oscillators have briefly crossed the lines northbound from the overbought region closer to range 40. That signals a promising bullish outpacing a downward force in the near time.

As the ETH/USD market remains between $3,000 and $3,500, what could be the next price direction?

There have been several ups and downs in the ETH/USD business operation as the market remains between $3,000 and $3,500 until writing today. Quite a lot of trading activities have taken place around the lower point in the recent past operations. Bulls appear, finding support around that in the aftermath of variant moving forces that almost caused a free fall-off. There are now some indications backing the seeing of further upswings in the near time of the crypto economy.

On the downside, the $3,000 trading line remains the main support level needed to fearfully breach southward to affirm the possible return of a downward movement of the ETH/USD market. A warning signal is by the Stochastic Oscillators against getting an easy sell entry. Therefore, traders intending to launch shorting positions needed to be very cautious of their decision. A fake pull-down may come up around the $3,289 to whipsaw price, especially if the market makes a quick re-bound against it.

ETH/BTC Price Analysis

The ETH/BTC price analysis chart shows that the base crypto keeps a strong stance at a higher level against the counter crypto. It also shows that the duo-crypto market remains at a higher zone as some of the smaller Japanese trading candlesticks find sit around the buy signal line of the smaller SMA indicator. The 50-day SMA trend-line is underneath the 14-day SMA trend-line. The bullish trend-line drew northward to support the bigger SMA. The Stochastic Oscillators have penetrated the oversold region, attempting to cross northbound at the zero range line. That signifies that the base crypto has a greater probability of pushing furthermore against the flagship counter crypto in the next more active motion.

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