Main navigation

Ethereum (ETH) Price Analysis for September 9

Fri, 09/09/2022 - 15:47
article image
Denys Serhiichuk
How long can rise of Ethereum (ETH) last?
Ethereum (ETH) Price Analysis for September 9
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

The last working day of the week has turned out to be bullish for the cryptocurrency market as most of the coins remain trading in the green zone.

Top coins by CoinMarketCap


Ethereum (ETH) has followed the rise of Bitcoin (BTC), going up by 5%.

ETH/USD chart by TradingView

On the hourly chart, Ethereum (ETH) has made a false breakout of the local peak at $1,745 against increased volume. If the price can hold above the vital $1,700 mark until the end of the day, there are chances to see growth to the $1,800 zone soon.

ETH/USD chart by TradingView

On the daily time frame, Ethereum (ETH) has broken the level at $1,647. Currenly, one needs to pay close attention to the resistance at $1,721. If the candle closes above it, the rise may continue to the closest zone of $1,840 by mid-September.

ETH/USD chart by TradingView

On the bigger chart, Ethereum (ETH) is trading in the middle of a wide range against the rising volume. If the weekly candle can close near the $1,700 mark, one can expect a further upward move to important $2,000 mark.

Ethereum is trading at $1,720 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