Forecast for Ethereum (ETH) pricing on September 8th
In the cryptocurrency market, Ethereum (ETH) has shown a slight increase over the past 24 hours, with its current price standing at $4,354. The daily candle is closing without a significant long, suggesting a potential upward move towards the $4,400-$4,500 range by the end of the week.
On the hourly chart, Ethereum is approaching the local resistance of $4,362. If ETH breaks through this resistance, it might test the $4,400 zone. However, it's worth noting that from a midterm perspective, Ethereum's rate is distant from its support and resistance levels.
The longer time frame shows Ethereum's price going up against decreasing volume. This indicates that neither buyers nor sellers have amassed enough energy for a significant move, suggesting a potential consolidation period.
It's important to mention that the search results do not provide the name of the author for the Ethereum price prediction specifically for September 6. Additionally, no new support levels have been mentioned for Ethereum in the provided paragraphs.
As for potential tests of zones, no new information about these has been reported in the given data. It's always advisable to keep a close eye on market trends and updates for a more accurate prediction.
In conclusion, while Ethereum is showing signs of potential growth, it's essential to approach any investment decisions with caution and a thorough understanding of the market. Always remember to do your own research and consider seeking advice from financial advisors before making investment decisions.
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