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Ethereum (ETH) Price Analysis for September 10

Ethereum

u.today 10 September 2022 16:39, UTC
  
Reading time: ~2 m

Even though bulls are still controlling the situation, some cryptocurrencies have returned to the red area.

Top 10 coins by CoinMarketCap

ETH/USD

Ethereum (ETH) has gone down by 0.05% over the past 24 hours.

ETH/USD chart by TradingView

On the hourly chart, Ethereum (ETH) is returning to the recently formed support level at $1,707. If buyers cannot stop bears' pressure, one can expect to see a drop to the $1,690-$1,700 zone.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) has made a false breakout of yesterday's peak at $1,745. However, the leading altcoin remains bullish while the price is above the $1,687 mark. Respectively, the more likely scenario is sideways trading between the aforementioned levels.

ETH/USD chart by TradingView

On the weekly time frame, Ethereum (ETH) is trading near the level of $1,721. If buyers can hold the gained initiative and the situation does not change by the end of the week, the growth may continue to the $1,900-$2,000 area shortly.

Ethereum is trading at $1,716.90 at press time.


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