Hello guys

I am currently participating in the Price Prediction Challenge campaign. The price prediction for $ETH on August 15 at 06.00 WIB in my opinion is = $2,606

The reason why I think it will reach that price, based on my analysis:

- On the 4H TimeFrame there is Strong Resistance where the previous price which was a strong support will flip to become resistance where the price is in the range of $2,800-$2,900. If it successfully closes above $3,000 then the next target is $3,250 for now the current target is the $2,800 resistance which must be penetrated. so there will be a possibility where after the resistance test it will pullback to the price of $2,500 +

- On the 1H Timeframe where the resistance that always bounces at the price of $2,500 has been successfully penetrated which will flip into strong support where the range will be in accordance with the prediction of $2,500-$2,700 so I will take the middle value because anything can happen in the market

- On the 15 Minute Timeframe there is also a strong order block that has succeeded in breaking through the resistance where the price is also right at $2,500 so it is a strong foothold going forward

News:

- There is a news factor that can shake the price, it can be bull or bear depending on the news results, namely on August 14th the monthly CPI, so it could be pulled.

- For example, last month's CPI News where the actual results were below the forecast all indicated bad for the Currency or general currency that matches USDT etc. so the case is pulled up. but after that it went the opposite way. the point is the market is difficult when the news

My prediction is only based on technical analysis, the possibility is very possible $2,606

In my opinion, based on price considerations, it is very possible to be in the price range of $2,500 - $2,700

Previously, all the writings above are only based on my personal opinion, readers are expected to re-analyze and only believe in their own personal abilities.