{"id":300208,"date":"2021-08-20T17:52:49","date_gmt":"2021-08-20T21:52:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=300208"},"modified":"2021-08-20T17:52:49","modified_gmt":"2021-08-20T21:52:49","slug":"ethereum-price-prediction-eth-usd-touches-3300-resistance-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-usd-touches-3300-resistance-level","title":{"rendered":"Ethereum Price Prediction: ETH\/USD Touches $3300 Resistance Level"},"content":{"rendered":"

Ethereum Price Prediction – August 20<\/strong><\/p>\n

The Ethereum price consolidates and touches $3300 as the technical indicator Relative Strength Index (14) confirms the uptrend.<\/p>\n

ETH\/USD Market<\/h2>\n

Key Levels:<\/p>\n

Resistance levels: $3600, $3700, $3800<\/p>\n

Support levels: $2900, $2800, $2700<\/p>\n

\"Ethereum<\/a>
ETHUSD – Daily Chart<\/figcaption><\/figure>\n

<\/p>

Buy Ethereum Now<\/span><\/a><\/div>\n

Following the dip on August 18, after touching the support at $2951, ETH\/USD<\/a> is now back above the 9-day and 21-day moving averages, preparing to send the price above the upper boundary of the channel. However, since the position at the vital $3300 level has been reclaimed by the bulls, the daily chart reveals that the Ethereum price has been strengthening its bullish case towards $3400. Although, the resistance at $3280 has been a hard nut to crack, and ETH\/USD may need to push the market price above the channel.<\/p>\n

Ethereum Price Prediction: Ethereum (ETH) May Recover More<\/h2>\n

At the time of trading, the Ethereum price<\/a> is exchanging hands at $3269 after surging only 2.69% on the day. However, the intraday high of $3300 is now the next resistance target likely to stand in the way of the recovery to $3500. Meanwhile, the technical indicator reveals that the Relative Strength Index (14) recovers above 65-level which could hint that ETH\/USD is now at the edge of a bullish breakout. Therefore, the support levels of $2900, $2800, and $2700 may come to play if the price crosses below the 9-day and 21-day MAs.<\/p>\n

Nevertheless, ETH\/USD is seen penetrating towards the upper boundary of the channel. More so, the break above this barrier is another signal needed for a bullish to press higher. More so, the Ethereum (ETH) has to break above $3500 before hitting the potential resistance levels at $3600, $3700, and $3800 respectively.<\/p>\n

Against BTC, Ethereum is trading below the 9-day and 21-day moving averages within the channel and the price is now hovering at 6693 SAT as the Relative Strength Index (14) moves to cross below 50-level. Although the bears remain the dominant of the market while the bulls may need to break above the 9-day and 21-day moving averages to take charge.<\/p>\n

\"\"<\/a>
ETHBTC – Daily Chart<\/figcaption><\/figure>\n

However, the resistance levels to be reached are located at 7400 SAT and above. Conversely, a lower sustainable move below the moving averages could attract the sellers to retain the current market movement back with the next focus on 6100 SAT and below.<\/p>\n

Looking to buy or trade Ethereum (ETH) now? Invest at eToro!<\/strong><\/p>\n

<\/p>

Buy Ethereum Now<\/span><\/a><\/div>\n

75% of retail investor accounts lose money when trading CFDs with this provider<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum Price Prediction \u2013 August 20 The Ethereum price consolidates and touches $3300 as the technical indicator Relative Strength Index (14) confirms the uptrend. ETH\/USD […]<\/a><\/div>","protected":false},"author":1742,"featured_media":300214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7600,5982,8045,7992],"class_list":["post-300208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-eth","tag-ethereum","tag-ethusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nEthereum Price Prediction: ETH\/USD Touches $3300 Resistance Level<\/title>\n<meta name=\"description\" content=\"The Ethereum price prediction consolidates and touches $3300 as the technical indicator Relative Strength Index (14) confirms the uptrend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/300208\" 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