Ethereum Price Analysis: ETH Remains Flat, Attempts a Breakout Against Bitcoin

ethusd aug30 min Q3c60D

ETH/USD – Ether Forms Symmetrical Triangle
Key Support Levels: $3150, $2985, $2890.
Key Resistance Levels: $3350, $3540, $3700.
Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt.
Recently, ETH has been using the 20-day MA as support as it battles to remain above it as it consolidates in the triangle.
ETH/USD Daily Chart. Source: TradingView.
ETH-USD Short Term Price Prediction
Looking ahead, the first support lies at $3150 (lower angle of the triangle). This is followed by support at $2985 (.236 Fib), $2890, $2740 (.382 Fib), and $2545 (.5 Fib).
On the other side, the first resistance lies at the upper angle of the triangle. This is closely followed by the resistance at $3350 (bearish .618 Fib). Above this, added resistance lies at $3540 (1.618

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Źródło: https://cryptopotato.com/ethereum-price-analysis-eth-remains-flat-attempts-a-breakout-against-bitcoin/

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