Main navigation

Ethereum (ETH) Price Analysis for September 3

Sun, 09/03/2023 - 18:00
article image
Denys Serhiichuk
How long will consolidation of Ethereum (ETH) last?
Ethereum (ETH) Price Analysis for September 3
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Sellers maintain their pressure, according to CoinStats.

Top coins by CoinStats


The price of Ethereum (ETH) has almost not changed since yesterday.

Image by TradingView

On the hourly chart, the price of Ethereum (ETH) has bounced off the local support level at $1,631. If buyers can hold the mark above it, the upward move may continue to the resistance around $1,640 tomorrow.

Image by TradingView

On the daily time frame, the rate of ETH is trading sideways, which is confirmed by low volatility. The volume keeps falling, which means that neither side is ready for a sharp move. 

Ethereum (ETH) Price Analysis for September 1

All in all, consolidation in the area of $1,620-$1,660 is the more likely scenario for the next few days.

Image by TradingView

On the bigger chart, traders should focus on the bar closure in terms of the nearest level at $1,571. If the candle closes near it, the drop can continue to the vital level of $1,500.

Ethereum is trading at $1,571 at press time.

article image
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