“¢ Ethereum Price Seems To Be Consolidating at $2400-$2500. “¢ Bearish Pressure Still A Concern. “¢ New SEC Chair interview on crypto regulation may have a short-term negative effect on ETH The Ethereum price has retreated slightly from the $2600 high that was set on Aug 1 but its decline has been much less than others. Although the new SEC Chair Gary Gensler came out strong on crypto regulation as predicted, the long-term effects for large caps may also be beneficial in the long run. AS the crypto space passes into an uncertain period, it does seem that Ethereum will continue its slow ascent to the $2800-$3000 levels before perhaps making a slight retracement. There has been very little movement over the past 24 hours and although trading volume has dropped significantly, there is still considerable buying interest. If you haven’t yet bought some Ethereum, then take a look at this How To Buy Cryptocurrency Beginner’s Guide. Short Term Prediction For Ethereum Price: A beeline For The $2800 mark Get FREE Crypto Signals Now! As clouds start gathering over the crypto market, the Ethereum price seems to be defying expectations to continue moving forward. It reached the $2604 level on Aug 1 but then declined to just above the $2400 level on Aug 3 but has increased slightly since. If bearish pressure continues, then ETH is expected to descend to the $2300 level after which a sell-off could precipitate the fall to the $2100 mark. It remains to be seen how the market will react to Gensler’s extensive interview and comments on crypto regulation but so far this has been muted. A bullish prediction for the Ethereum price should see the crypto tag the $2800 line before gaining considerably and start touching the $3000 level. However, there does not seem to be that much buying momentum at present and this could take a while to happen. If you haven’t started trading any cryptocurrency yet then have a look at these Top Cryptocurrency brokers. Long Term Prediction For Ethereum: Choppy Waters But $4K Still Possible By End Of Year The Ethereum price seems to be consolidating at around the $2500 level before starting a big move either way. Although some slight retracements are expected, the general prediction is that ETH will continue moving up. Although Ethereum always seems to follow Bitcoin’s price movement, this recent move has been slightly different. As from July 31, ETH seems to have broken free from BTC’s slump with the world’s largest cryptocurrency plunging by 10%. Ethereum plunged by 9% but the recovery has been swifter. It appears that the Ethereum price rally has already started and the price is expected to continue increasing long term. Barring some retracements which are part and parcel of the game, ETH is expected to sail over the $3000 mark during August and even regain the $4000 level by year end. Looking to buy or trade Ethereum now? Invest at eToro! Buy ETH Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Crypto News share Read Next GBP/USD Outlook: Buyers Poised to Hit 1.4000 as Risk Soars, BOE Eyed Saqib Iqbal 1 year "¢ Ethereum Price Seems To Be Consolidating at $2400-$2500. "¢ Bearish Pressure Still A Concern. "¢ New SEC Chair interview on crypto regulation may have a short-term negative effect on ETH The Ethereum price has retreated slightly from the $2600 high that was set on Aug 1 but its decline has been much less than others. Although the new SEC Chair Gary Gensler came out strong on crypto regulation as predicted, the long-term effects for large caps may also be beneficial in the long run. AS the crypto space passes into an uncertain period, it does seem that Ethereum will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.