TL;DR Breakdown Ethereum price analysis reveals strong support lacking above the $3,800 mark.Strong support is currently found at the $3,700 mark.Strong resistance is currently found at the $3,800 mark. The queen of cryptocurrency is enjoying newly found highs for the past day, and today is no different. After following Bitcoin into a flash rise on the 1st of September, the cryptocurrency has managed to stay afloat the newly found highs. The Ethereum price analysis reveals that the queen is unable to find strong support to maintain the high above the $3,800 mark despite breaking the psychological barrier four times in the past two days. ETH/USD 1-day candlestick chart shows bullish crossover The Ethereum price analysis one-day candlestick chart is showing a bullish crossover that just might be a sign that bearish momentum is brewing ahead. The bullish crossover is occurring above the upper Bollinger band, where the current price level of $3,791 is standing above the upper Bolinger band found at the $3,764 mark. ETH/USD 1-day candlestick price chart. Source: Trading View The nine-day moving average is serving the support purpose at the value of $3,434, enhancing the bullish crossover by a good margin. Further support is found with the Bollinger bands’ average found at the $3,302 mark. Below that, the strongest support is found at the $2,840, where the lower Bollinger band lies, marking the increasing volatility on the c...
