Has Ethereum (ETH) Reached a Top or Is There More to Come?

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In Brief
  • Ethereum is approaching long-term support at $320.

  • Technical indicators are neutral.

  • The price should complete one more impulsive bullish move.

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Despite the sharp drop during the week of August 31 - September 6, the Ethereum (ETH) price has maintained its bullish structure. However, a reversal has to occur soon for long-term indicators not to turn bearish. Long-Term Support Is Still Intact On September 1, the Ethereum price reached a high of $489.57 but dropped sharply the next day. At the time of writing, it was trading at

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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