\u200b\u200b\u200bEther continues to range trade
\n\u200bEther bullish case:<\/p>\n
Ether<\/a>\u00a0continues to trade within a tight sideways trading range<\/a> but is trying to recover from its lower boundary towards its recent $4484.04 – $4498.16 resistance area<\/a>.<\/p>\n For it to\u202fresume its medium-term uptrend, a rise above the 31 August high at $4498.16 would need to be seen. In this scenario the 27 August high at $4661.57 would possibly be next in line.<\/p>\n Further up lie the mid-August high at $4789.73 and the 24 August record high at $4954.16.<\/p>\n This bullish<\/a> technical scenario may ensue as long as the 1 September low at $4214.82 holds on a daily chart closing basis.<\/p>\n Ether bearish case:<\/p>\n Were Ether to slip through its early September low at $4214.82,\u202fthe major $4105.53 – $3941.08 support area<\/a> may be revisited. It consists of the\u202fMarch, May and December 2024 as well as the July 2025 highs and as such should act as strong support.<\/p>\n If not, the 21 July high at $3858.25 may be revisited as well.<\/p>\n Only a major bearish<\/a> reversal<\/a> and fall through the next lower early August low at $3356.65 would increase the odds of a medium-term top forming, though.<\/p>\n In this scenario the area between the February to June highs at $2879.45 – $2733.27 may be revisited.\u202f<\/p>\n Ether daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bEther continues to range trade \u200bEther bullish case: Ether\u00a0continues to trade within a tight sideways trading range but…\n","protected":false},"author":2,"featured_media":11288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-11287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/11287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=11287"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/11287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/11288"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=11287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=11287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=11287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}