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ETH/USD Price Drops Below $3600

Ethereum Price Prediction – September 17

The Ethereum worth prediction is down with a 1.15% worth decline over the previous few hours of buying and selling because the cryptocurrency drops beneath $3600.

ETH/USD Market

Key Levels:

Resistance ranges: $4000, $4200, $4400

Support ranges: $3000, $2800, $2600

ETHUSD – Daily Chart

Since yesterday, ETH/USD has not been in a position to climb a lot increased from the $3500 degree because the market began to roll over and fall throughout the channel. At the time of writing, the Ethereum worth is nonetheless hovering above the 9-day and 21-day shifting averages but when the bulls step again into the market, the value can rise increased and break to the upside.

Ethereum Price Prediction: Ethereum Price Not Ready for The Upside

According to the each day chart, if the sellers proceed to add downward stress to the Ethereum worth, preliminary assist could possibly be anticipated at $3300 whereas additional assist could be discovered under the decrease boundary of the channel at $3000, $2800, and $2600 respectively. Meanwhile, if the bulls can defend the assist degree of $3500 and permit the Ethereum (ETH) to rebound, an preliminary resistance could possibly be situated above the 9-day and 21-day shifting averages at $3700. More so, extra resistance ranges are anticipated at $4000, $4200, and $4400.

Moreover, the technical indicator Relative Strength Index (14) is seen shifting round 55-level which exhibits that the earlier bullish momentum is probably to fade. If the technical indicator manages to stay above the 50-level then the bulls stand an opportunity to enable Ethereum to rebound at $3600. However, if the Ethereum worth penetrates under the present market worth, the cryptocurrency might proceed a downward motion.

When compares with Bitcoin, the Ethereum worth is shifting sideways, particularly previously few days. The Ethereum (ETH) is probably to break beneath the strong assist at 7300 SAT and will proceed to fall under the 9-day and 21-day shifting averages. Similarly, the Relative Strength Index (14) reveals that the market might go down because the sign line strikes under 55-level.

ETHBTC – Daily Chart

However, ETH/BTC stays in a impartial market situation because it might handle to rebound increased above the 7500 SAT. However, if it drops again beneath the 7300 SAT then the market would have to be thought-about as bearish and will find the assist degree of 6500 SAT and under. To flip bullish, the Ethereum worth should rise a lot increased to break above the 8000 SAT degree and above.

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