Ethereum price analysis: No fireworks for ETH as options expiry threat looms

Ethereum price analysis: No fireworks for ETH as options expiry threat looms

The ongoing volatility in Ethereum prices was once again interrupted yesterday as the ongoing drama surrounding the cryptocurrency’s near-expiration of its futures contracts caused a temporary price crash. This is the third time the ETH/USD pair has crashed within a week, which is very likely to bring in more FUD from the cryptocurrency community.

The cost of Ethereum is on the rise, with the current USD value having almost tripled in less than six months. One of the biggest factors for the price hike has been the recent craze of options expiration, where investors are looking to sell their contracts in order to get out before the contracts mature. Should the trend persist, it could cause a market crash, leading to Ethereum’s value plummeting.

As we are now into the last two weeks of August, the price of Ethereum is yet to experience any fireworks heading into the final third of the month. Having said that, the net addition of 1.6% in August could be due to a gradual reduction in volumes and a jump in the number of new buyers.. Read more about ethereum technical analysis today and let us know what you think.

Summary of the situation

  • Ethereum price analysis is turning neutral as the threat of option expiration becomes more and more real.
  • ETH/USD recovers from a rapid decline to a low of $1,823.
  • Ethereum bulls are in wait-and-see mode as the pair moves sideways.
  • Technical indicators are firmly in neutral territory

Ethereum Price Chart by TradingView

Ethereum price analysis: No fireworks for ETH as options expiry threat looms

Sideways trading should not be a concern as the price is gradually falling. The rebound from $1,823 to $2,044 was short-lived. The pair quickly dropped to $1,949, leaving many support levels untested.

The Fibonacci retracement level of $0.886 to $1.885 is still a hurdle for the bears. The RSI remains in the neutral zone at 42 and the MACD is undecided on the cross. The 1,272 Fibonacci continuation level of the January uptrend is at $1,620 and will act as another critical support if a prolonged selloff begins.

Ethereum Price Analysis Number: ETH will not move until optionexpires

Many technical indicators show that Ethereum is not yet ready for a fireworks display. Mint is playing it safe until the options expire on the 25th. June is over. Bullish momentum has not yet been deployed as there is a lot of bearish pressure on the charts due to the prevailing negative environment in the crypto-currency space.

The ETH/BTC pair is also trying to break through the 0.077 BTC level. It is heading towards the lower support around 0.0567 BTC looking for stability.

Higher prices could trigger an inflow of resources, but it remains to be seen whether this will change the timetables in the long term. Accumulation may be in full swing, but volume data over the past three weeks has been slow. In the short term, the analysis of the Ethereum price shows that the upside potential remains limited around $2,000.

Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.There were some marginal gains in ETH price, but it is hard to tell whether it is because of the options expiration. Looking at the ETH/USD exchange rates pair, the price is consolidating near the support level of $180. The Ethereum price chart shows that the ETH to USD exchange rate has been in a range bound trading pattern for the past two months.. Read more about btc tradingview and let us know what you think.

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