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Ethereum (ETH) Price Analysis for August 25


All of the top 10 coins are located in the green zone, according to CoinMarketCap.

Top coins by CoinMarketCap


The rate of Ethereum (ETH) has risen by 3.56% over the last 24 hours.

ETH/USD chart by TradingView

On the hourly chart, Ethereum (ETH) has made a false breakout of the local level at $1,715. In this case, the more likely scenario is a drop to the nearest support around $1,693.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) remains bullish until the price is above the support level at $1,655. Currently, one should not expect any sharp moves as the leading altcoin has not accumulated enough power for either growth or fall.

ETH/USD chart by TradingView

On the weekly time frame, $1,700 plays an important role for bulls. However, if the candle closes below it, there are chances to see a drop to the $1,550-$1,600 area within the next few weeks.

Ethereum is trading at $1,696 at press time.


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