ChEeMaBrAnD

Ethereum price forecast (ETH) for August 9
The price of Ethereum continued to recover, rising from the August 5 low of around $3450 and testing the $3950 area. This rise broke the descending structure and retested the support level of $3708, which essentially became a resistance level and now serves as a starting point for the current surge.
On the 4-hour chart, ETH is holding above all major exponential moving averages (EMA). EMA20 at $3749, EMA50 at $3686, and EMA100 at $3623 are now positioned below the price, which enhances market momentum. This position favors continued growth as long as
The price of Ethereum continued to recover, rising from the August 5 low of around $3450 and testing the $3950 area. This rise broke the descending structure and retested the support level of $3708, which essentially became a resistance level and now serves as a starting point for the current surge.
On the 4-hour chart, ETH is holding above all major exponential moving averages (EMA). EMA20 at $3749, EMA50 at $3686, and EMA100 at $3623 are now positioned below the price, which enhances market momentum. This position favors continued growth as long as