The Ethereum (ETH) price exhibits some uncertainty despite an overall market increase. On August 28, we will explore the current status and forecasts for ETH.
Current State of Ethereum Market
As of now, Ethereum's price has decreased by 0.07%, settling at $4,590. Meanwhile, the primary trend on the hourly chart remains optimistic, indicating upward movements.
Short-term Forecast
If ETH breaks the $4,633 level, it could lead to growth towards the $4,700 zone. However, if the current situation persists, sideways trading between $4,500 and $4,700 is likely.
Long-term Prospects
From a mid-term perspective, the critical level to watch is $4,788. If the price fails to break above it, there is a risk of correction. A breakout may indicate a possibility of reaching the $5,000 mark.
In conclusion, Ethereum's current state is uncertain, yet there is potential for growth if key levels are surpassed. Investors should closely monitor the situation.
