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CheddarBizcuitz
Aug 10, 2022 5:19 PM

$ETH Price Prediction 08/10/2022 

Ethereum / U.S. dollarBitstamp

Description

ETH able to hold above the highlighted zone to push us back above 200EMA and eventually long-term trendline + buffer.

From here we could expect continuation to either 1900 or orange trendline before the next major resistance test.

The good news in this situation is that price re-broke 1800 to assist in preventing a second-bottom scenario, although still possible as with anything in this market.

Any dip (close) below 1800 or long-term trendline could signal reversal, however extending past crossover could be beneficial for future growth.

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