#ETH $ETH

Ethereum Price Forecast Update Today 08-23-2024

Ethereum (ETHUSD) price resumes its positive trading to reinforce expectations of continuing the upward trend in the immediate term, awaiting an initial test of the $2775.00 level, followed by heading towards $2905.30 after exceeding the previous level.

Moving above the 50 moving average supports the continuation of the proposed upward wave, which will remain in place unless the $2545.00 level is broken and stabilized below it.

The expected trading range for today is between the support $2500.00 and the resistance $2760.00