ETH Price Analysis - August 17, 2018

ETH is currently at spot #2 in terms of total market capitalization.

At the time of writing, ETH price is currently sitting neatly at $300, currently testing the $305 resistance it has failed to breach two days ago.

Looking at the 1H chart, we can see that, similar to BTC, ETH has established a dynamic uptrend over the past three days and to have found temporary support at $280.

If ETH manages to break the $305 resistance, next level we'd be looking at would be around $330. On the downside, we'd really hate to see it go below $250...

On the daily chart for, technical indicators give a bleak bearish outlook (16 sell, 9 neutral, 1 buy)

On the weekly chart, technical indicators also give a bleak bearish outlook (15 sell, 8 neutral, 1 buy)

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