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ETH/USD Dives Below $3500 Again

Ethereum Price Prediction – September 19

The Ethereum value is approaching essential help and the worth should maintain the $3300 degree to climb in direction of $3500.

ETH/USD Market

Key Levels:

Resistance ranges: $4000, $4200, $4400

Support ranges: $2700, $2500, $2300

ETHUSD – Daily Chart

ETH/USD is buying and selling down 2.32% at its present value of $3356.55, which marks a notable decline from its day by day excessive of $3457 that was set as we speak when the bulls tried to spark one other rally. In the close to time period, Ethereum (ETH) has been in a position to discover some helps across the $3303 degree, because it has bounced a number of instances after visiting this degree.

Ethereum Price Prediction: Ethereum Price Could Drop More

After a number of bullish makes an attempt, the Ethereum value is at the moment experiencing a value drop. Meanwhile, earlier than this, many merchants are anticipating so much from the coin after touching the resistance degree of $3543 yesterday reflecting an enchancment within the Ethereum costs. However, the Ethereum value is at the moment transferring under the 9-day and 21-day transferring averages which are but to break under the decrease boundary of the channel.

However, the continuation of a bearish drop might roll the market down in direction of the help ranges of $2700, $2500, and $2300 whereas a potential bullish surge might drive the market above the 9-day and 21-day transferring averages to contact the closest resistance at $3800. Meanwhile, the $4000, $4200, and $4400 could additional present resistance ranges for the market. Therefore, the technical indicator Relative Strength Index (14) is dealing with the unfavorable aspect, and staying there would trigger the coin to fall extra.

Against Bitcoin, the market value stays inside the channel because the bears step again into the market. The Ethereum value is at the moment buying and selling at 7052 SAT because the 9-day transferring common crosses under the 21-day transferring common to affirm the downtrend. However, if the Ethereum value continues to drop and cross under the decrease boundary of the channel, the following key help might be positioned at 6500 SAT and under.

ETHBTC – Daily Chart

Meanwhile, on the upside, a potential bullish motion above the 9-day and 21-day transferring averages could possible push the market to the upside. Once this is completed, the resistance degree of 7500 SAT and above might be visited. On the opposite, the Relative Strength Index (14) is seen transferring under 50-level, suggesting that the market could proceed to fall.

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