Will Ethereum be at or above $2,450 on Aug 29?
Signal ended
Entry · NO70¢
PublishedAug 29
Aug 29 forecast
Ethereum traded below the threshold after a sharp reversal, so a price at or above $2,450 at 5 p.m. is unlikely but still live.
Ethereum entered the final stretch below $2,450 after surrendering an earlier move above $2,500. The threshold remains close enough for a rapid rebound, and sustained fund inflows provide support, but stretched momentum, a weakening short-term trend and persistent inflation pressure favor a below-threshold fixing.
Points to NO
- A sharp reversal from above $2,500 left Ethereum below the threshold, making a durable recovery before the fixing harder.On Aug. 28, ETH/USD was $2,428.69 after opening at $2,510.95 and falling 3.26% during the day.
- Stretched momentum and softening short-term signals increase the risk that sellers cap any attempted rebound.On Aug. 28, daily RSI was 75.79 while hourly and 15-minute momentum was flat to soft, including a minor bearish moving-average cross.
- Sticky inflation and an unchanged policy rate constrain risk appetite, reducing the chance that broader conditions power a late crypto rally.On Aug. 28, consumer inflation was reported at 3.4% and PCE inflation at 3.7%, while the Federal Reserve had held its benchmark rate unchanged for five meetings.
Points to YES
- The threshold remains within the recent intraday range, so ordinary volatility could still carry Ethereum back above it.On Aug. 28, ETH/USD traded between $2,408.17 and $2,534.24, crossing the $2,450 threshold during the session.
- Persistent investment-fund inflows provide a source of demand that could support a late recovery above the threshold.As of Aug. 28, U.S. spot Ether funds had attracted $1.18 billion over eight consecutive trading days.
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