1
Ethereum price is currently trading at $1858.24 while witnessing a loss of -0.81% during the intraday session.
2
ETH price has slipped below 20- and 50-day EMAs.
3
The year-to-date return of Ethereum is 55.35% while the three-month return is -2.46%.
The bullish trend for ETH price started in mid-June 2023, after the price formed support at $1645 and was successful in rising above $2000. The surge was due to BlackRock, an investment banking firm, filing Bitcoin Spot ETF. The cryptocurrency price formed a high of $2029.11.
Ethereum price faced strong rejection above $2000 and bears entered the market to push the price back below it. The price retraced and formed support at $1844. It has entered into a consolidation zone ranging between $1844 and $1900 after the correction and has been consolidating since the end of July 2023.
Source: ETH/USDT By TradingView.
The previous candle did shatter the support level but the candle did not clo
We współpracy z: https://www.thecoinrepublic.com/2023/08/02/ethereum-price-prediction-eth-price-consolidates-amid-tvl-drop/
