Ethereum (ETH) Price Analysis: Ethereum Resumes Downward Correction, Consolidates Above $3,200


Key Highlights
Ethereum fluctuates between levels $3,520 and $3,200
Ether targets levels $3,800

Ethereum ETH) Current Statistics
The current price: $3,506.03
Market Capitalization: $414,109,057,145
Trading Volume: $31,859,210,267
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis September 8, 2021
Ethereum’s (ETH) price is now in a downward move after the recent breakdown. Ether plunged to $3,026 as bulls bought the dips. The biggest altcoin corrected to $3,520 but was resisted. Since September 7, the crypto has been in a downward correction. ETH/USD now fluctuates between levels $3,200 and $3,520. Today, Ether is retesting the resistance at $3,520 as the altcoin faces rejection. The biggest altcoin will trend if the price breaks the range-bound levels. On the daily chart, Ether broke the 21-day SMA but found support above the 50-day SMA. A break below the SMAs will signal the resumption of the downtrend. The uptrend will resume if price found support above the SMAs.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
ETH is at level 54 of the Relative Strength index period 14. It indicates that the market is in the uptrend zone and capable of resuming on the upside. Ether is above the 80% range of the daily stochastic. It indicates that the altcoin is in the overbought region of the market. Presently Ether is declining on the downside.

On the 1 – hour chart, Ether’s price is in a range-bound move. Ether now fluctuates between levels $3,200 and $3,520. The uptrend will resume if price breaks above $3,520 resistance. The market will reach the previous high of $3,800. The downtrend will resume if the bears break below $3,200 support.

ETH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.