Coinbase Announces Short-Term Bitcoin and Cryptocurrency Market Expectations!
Market Expectations for August: Coinbase analysts predict a decline in cryptocurrency markets during August, citing historical trends where trading volumes and values of major tokens like Bitcoin and Ethereum typically decrease.
Volatility and Price Predictions: Analysts highlight low liquidity and transaction volumes contributing to increased volatility, with expectations that Bitcoin's price will fluctuate between $61,000 and $70,000, indicating an accumulation zone for investors.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 736.836 | 1242.318 | 1703.676 | 2209.158 | 2670.516 | 3175.998 | 3637.356 |
| Fibonacci | 1242.318 | 1611.651 | 1839.825 | 2209.158 | 2578.491 | 2806.665 | 3175.998 |
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