Ethereum Price Prediction for September 1st: Sideways Trading Likely

ETH/USD prices dipped by 1.34% overnight as the market entered a bearish phase, according to CoinStats. While the daily price action is showing potential for movement around $4,360 on the hourly chart, it remains unclear whether the asset will continue to trend lower or rise. The overall lack of momentum in both bullish and bearish forces suggests sideways trading is likely in the near term. However, long-term predictions remain uncertain. While early indicators suggest a possible shift towards positive movement if ETH manages to break through the $5,000 barrier.