My ETH price prediction on 15-08-2024 is $2,692.56
The reasons for my prediction are as follows:
Ethereum has created history with its tremendous influence in the world. The financial system has been revolutionized when Ethereum started to climb. The coin is expected to show a surge in the coming days, but it requires technical understanding to understand it. It is very important for every trader to understand the charts and then invest their hard-earned money.
In this post, you will learn how Ethereum is anticipated to perform in the coming years. Read the technical analysis and everything you need to know about the coin.
Ethereum (ETH) Technical Analysis
As of August 9, 2024, Ethereum price is trading at $2,637.10 with a market cap of $317,054,286,934. The technical chart on the weekly time frame shows that ETH price is developing a bullish reversal pattern called a rounding bottom.
This chart pattern is generally interpreted as the bottom of a downtrend as investors show renewed buying interest. Under the influence of this pattern, buyers should challenge the all-time high resistance at $4,864 and provide better confirmation of a bull run.
that's my eth price prediction .
