There is a chance that Ethereum will drop under 1800 this week.

8 Ağu 2023

Hi guys, let's review the current situation on Ethereum.

Ethereum price is testing lower bound of 1838-1815 support area. Yesterday price dropped as low as 1805 but then recovered a little bit and now trading around upper bound at 1835. Ethereum is lagging behind Bitcoin and clearly waiting for the direction. But overall Ethereum is failing to grow somehow significant and more willing to go down.
There is a chance that there will correction to 1875 but I doubt that price can go higher than that. Otherwise I expect price go below 1800 and stay there.

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9 Ağu 2023

Not

Ethereum reached 1875 price yesterday, I indicated that there is possibilty that this might happen. Now we have to see how price will develop next. If price will reach 1900 then this idea can be cancelled and we can expect continue of price rise. Otherwise idea remains the same.

12 Ağu 2023

Not

Ethereum continue to trade above 1838-1815 support area but at the same time it can't rise higher than 1875 price. Overall, everything goes as expected on Ethereum and I don't see that price can break 1900 level.
1800 didn't happen on this week but it can happen on tthe next one. The main thing is that I expect Ethereum price to slowly drop under 1800 and further.

16 Ağu 2023

Not

Ethereum price tested lower bound of 1835-1815 support area. This was expected as I indicated in previous comments to this idea. If daily candle closes under 1815 price then we can expect breaking 1800 level soon.
Overall idea remains the same. I still expect Ethereum price to drop under 1800 level.