Price Range and Volatility:
I see #Ethereum is predicted to trade within a range of $2,695.10 to $3,503.26 throughout August, with an average price around $3,173.50.
There is a seasonally weak period expected from August to October, which might see ETH prices dropping but still remaining within bullish support levels. If ETH maintains above the $2,555 support level, it could present a buying opportunity.
The anticipation of Federal Reserve rate cuts in September is expected to increase liquidity in the market, potentially benefiting cryptocurrencies like Ethereum. This could lead to increased inflows into ETH ETFs, supporting a price rebound
I see #Ethereum is predicted to trade within a range of $2,695.10 to $3,503.26 throughout August, with an average price around $3,173.50.
There is a seasonally weak period expected from August to October, which might see ETH prices dropping but still remaining within bullish support levels. If ETH maintains above the $2,555 support level, it could present a buying opportunity.
The anticipation of Federal Reserve rate cuts in September is expected to increase liquidity in the market, potentially benefiting cryptocurrencies like Ethereum. This could lead to increased inflows into ETH ETFs, supporting a price rebound
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