Ethereum Price Prediction: August 30 – Neutral Momentum with Potential Breakout

Ethereum prices saw a slight positive movement on Monday, according to CoinMarketCap, starting the week neutral. The ETH/USD rate has climbed by 1.24% in the last day. On an hourly scale, the price is hovering near the local resistance of $4,403. A breakout could send prices surging towards $4,500 levels by tomorrow. However, on a longer timeframe, the picture appears less bullish. ETH’s current rate is far from significant levels, indicating neither a clear bullish nor bearish dominance at this point. Sideways trading in the $4,300-$4,500 range seems more probable in the coming days and weeks.