Ethereum (ETHUSD) Price Forecast: September 2
ETHUSD price is increasing in strength as the price breakout at the $1717.24 level reaches a bearish exhaustion. The coin price witnessed a massive inflow in response to buyers’ high demand for the coin. If additional buying pressure is added and the support level is held in place, the crypto price may rise further to a $2200.00 upper resistance value, accounting for more gains to the coin buyers.
Key Levels:
Resistance Levels: $1800.00 $1900.00, $2000.00
Support Levels: $1400.00, $1300.00, $1200.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
ETHUSD price remains bullish on the higher time frames. This is clear as we can see the price breakout above the EMA-9 facing the upper resistance level. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in its recent high.
An increase to a $1717.24 high mark shortly after the daily session begins indicates the high impact of the bulls in the market.
Hence, there is a higher probability of the price breaking its previous high at $2142.85 value as many buy investors are clustered around the market at the moment.
Notably, the Ethereum price however shows the continuation of bullish sentiment on the daily signal while sellers look exhausted as the coin price remains above the $1705.46 supply value.
The downside risk remained uncertain. Thus, the next bulls’ target might be the $2200.00 high level in the days ahead in its long-term outlook.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
The market price of ETHUSD is currently trading above the resistance trend lines in the medium-term outlook. The price breakout and bearish exhaustion are due to the high inflow of the long traders. 
The crypto has been having a series of moves from the buy traders in the previous action which has sustained its upward capability in its recent high.
The coin price found a reliable resistance at the $1717.24 resistance value above the moving average lines as the 4-hourly session resumed today. Thus, it is very likely that the bulls will continue the rising pattern as we are seeing a bullish correction in place at the present.
However, a potential breakout above the $1870.63 high barrier could set Ethereum up for a higher rally. Meanwhile, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the price might possibly reach the $2200.00 resistance value soon in its medium-term perspective.
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