Ethereum (ETH) Price Prediction for August 15
After a long rally that took the Ethereum price from below $3,800 earlier this month to new multi-year highs, it is now holding steady above $4,750. The price is currently moving up in a well-defined channel, and during the day, it stays above both the VWAP and short-term EMA clusters. Bulls are now looking at the $4,870 resistance level, which is a key liquidity zone from past highs.
What’s Happening With Ethereum’s Price?
On the 30-minute chart, ETH is following an upward-sloping channel. The lower bound is acting as dynamic support near $4,723, and the upper bound is getting close to $4,870. The VWAP readings ($4,746 to $4,770) are in the middle of the channel, which means that buying pressure is balanced. The RSI is at 59.69, which means there is a slight bullish bias but no signs of being overbought right away. If momentum stays strong, this structure suggests that there is room for more upside.
From a daily perspective, Smart Money Concepts show ETH breaking multiple prior equal highs and reclaiming structure with consecutive bullish CHoCH and BOS signals. The most re…
The post Ethereum (ETH) Price Prediction for August 15 appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for August 15
After a long rally that took the Ethereum price from below $3,800 earlier this month to new multi-year highs, it is now holding steady above $4,750. The price is currently moving up in a well-defined channel, and during the day, it stays above both the VWAP and short-term EMA clusters. Bulls are now looking at the $4,870 resistance level, which is a key liquidity zone from past highs.
What’s Happening With Ethereum’s Price?
On the 30-minute chart, ETH is following an upward-sloping channel. The lower bound is acting as dynamic support near $4,723, and the upper bound is getting close to $4,870. The VWAP readings ($4,746 to $4,770) are in the middle of the channel, which means that buying pressure is balanced. The RSI is at 59.69, which means there is a slight bullish bias but no signs of being overbought right away. If momentum stays strong, this structure suggests that there is room for more upside.
From a daily perspective, Smart Money Concepts show ETH breaking multiple prior equal highs and reclaiming structure with consecutive bullish CHoCH and BOS signals. The most re…
The post Ethereum (ETH) Price Prediction for August 15 appeared first on Coin Edition.
Read More