BitMidas

Bitcoin Trend Analytics August 24

BINANCE:ETHUSDT   Ethereum / TetherUS
ETH is currently in consolidation with stronger strength than BTC. The first key support is at an area between $1523.45-$1507.42. if it is broken without a pullback in 12 hours, it will see a large slide.

Consolidation is in this round of recovery. Similar to BTC, ETH will come back and forth within a price range. Breaking up and remaining above $1769.20-$1780.18 for 24 hours is a sign of a successful breakout.

A lot of short-term bullish supports are in the long-term bullish channel. This is temporarily the core support of ETH.

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