Buyers are trying to get back in the game in the second part of the day, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has gone up by 0.57% since yesterday.
On the hourly chart, the price of ETH has set a local resistance of $4,428. If the daily bar closes above that mark and with no long wick, growth may continue to the $4,500 range by the end of the week.
On the longer time frame, one should pay attention to the daily bar’s closure in terms of the $4,491 level. If it breaks out, the accumulated energy might be enough for a further upward move to the $4,600 zone.
From the midterm point of view, the picture is less bullish. The rate of the main altcoin is far from the support and resistance levels.
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The volume remains low, which means traders are unlikely to witness sharp moves soon.
Ethereum is trading at $4,478 at press time.
Source: https://u.today/ethereum-eth-price-prediction-for-september-5