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Ethereum (ETH) Price Analysis for September 17

Sat, 09/17/2022 - 13:57
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Denys Serhiichuk
Can Ethereum (ETH) follow rise of other coins?
Ethereum (ETH) Price Analysis for September 17
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The weekend has started with a correction on the cryptocurrency market as most of the coins are in the green zone again.

Top coins by CoinMarketCap


Unlike other digital assets, Ethereum (ETH) keeps falling, going down by 2.75%.

ETH/USD chart by TradingView

On the hourly time frame, Ethereum (ETH) has made a false breakout of the support level at $1,418 against the increased volume. If buyers can hold this zone, there is a chance to see a test of the resistance at $1,435 shortly.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) is looking bearish as the price is very close to the support level at $1,422. If the candle closes below it, it might a reason for a sharp drop to the $1,400 area next week.

ETH/USD chart by TradingView

The situation is similar on the weekly chart as Ethereum (ETH) is likely to close below the psychological $1,500 mark. Respectively, the upcoming week might also be bearish for the main altcoin, so traders can expect to see a decline to the $1,356 mark.

Ethereum is trading at $1,426 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at