Ethereum Price Prediction: August 11th

Ethereum’s price surged upwards by 1.19% over the past day, according to CoinStats. As of this writing, the ETH/USD rate is inching closer to resistance at $4,343 on an hourly chart. If buyers maintain momentum, a test of this level could occur tomorrow. Longer-term charts show a false breakout from yesterday’s peak. However, if this bounce fails, sellers might gain control, potentially leading to a dip towards the $4,200 mark. Looking ahead, the mid-term focus is on the weekly candle close at the $4,332 level. If this breaks out, it could signify enough energy for a move towards $4,500.