Rating: SELL (87.5% accurate)
- Market Cap: $22.7B
- Aug 2 Price: $217.87
- Aug 9 Price: $211.28
- Change: -3%
Technical & Sentiment analysis
- Price is to decline below $196 to $176 over the coming week
- Sentiment analysis indicates ETH is expected to make a large directional movement soon
Positive Price Drivers:
- New added utility to ETH from private transactions to self-managed funds, bring value to the network
- Accelerated adoption as a payment platform with transaction volume surpassing than of Venmo
Negative Price Drivers:
- ETH relative value at a 30 month low compared to BTC price
- ETH community uncertainty about the funding for future development
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ETH Price Analysis: Price is expected to decline in the coming week.
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