Ethereum (ETHUSD) Price Triggers Bullish Move

Ethereum (ETHUSD) Price Forecast: August 15

ETHUSD price is rising, triggering a bullish move at the moment. The coin price sends clear buy signals that buyers are gaining strength, trading above the EMA line at $4,715.23, indicating that buyers are making solid progress. It appears that if the bulls raise their market activity vigorously, the coin may continue its bullish trend. Hence, the potential rally can accelerate to reach the upper resistance level of $4,740, driving the crypto price to a new high.

Key Levels:
Resistance Levels: $4,713, $4,714, $4,715
Support Levels:    $1,803, $1,802, $1,801

ETH (USD) Long-term Trend: Bullish (Daily Chart)

In the past 24 hours, ETHUSD bulls have been in control, triggering a bullish move and driving the price to an intraday gain of $4,715.23.
The coin price is above the moving average, trending higher highs and higher lows, to the upper range, indicating an uptrend.

The price is rising in its recent high due to the bulls’ successful breakout at the $4,638.00 supply in the previous session.

The fact that the market price of Ethereum is above the moving averages at the high level of $4,715.23 today, as the daily chart starts, suggests that the price is in an upward trend and will continue to rise from the current high

Thus, a bullish breakout past the current resistance may set the token price on the next level at the upper range of the market, amid an ascending bullish pattern.

Additionally, if the support level holds, buyers could take the ETHUSD price to a high of $4,800 in its long-term perspective.

ETH (USD) Medium-term Trend: Bullish (4H Chart)

On the medium-term chart, the price of ETHUSD is rising above the supply levels despite the short-term traders’ meddling. As it moves into the overhead resistance area and makes higher highs, the price stays above the EMA, indicating a bullish trend.
The market has risen above the resistance level and maintained its positive vigor since the previous session’s breakout to the $4,638.00 supply value.

As the 4-hourly session begins today, the market value of Ethereum causes a positive surge to $4,715.23, with supply value above the moving averages, confirming that there are more buyers in the market.

The coin market may see further growth, and if buyers break above the current high level, a possible upswing would receive stronger confirmation of a bullish recovery

Additionally, the daily stochastic indicates an upward trend. If the bulls can maintain the ETHUSD price above the current high of $4,715.23, the ensuing rally may reach the psychological threshold of $4,730 in the next days from a medium-term perspective.

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