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Ethereum, Stellar, Uniswap Price Analysis: 04 September

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Ethereum, Stellar and Uniswap Price Analysis: 04 September

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Ethereum recorded an upward movement of 3% while eyeing its multi-month high of $4033.17. Stellar also displayed similar movements, after logging gains of 3.4% and attempting to topple over the $0.381 price ceiling.

Conversely, Uniswap was amongst the altcoins that recorded a loss. The coin dipped by 3.6% while moving towards the support line of $28.26.

Ethereum (ETH)

Ethereum, Stellar and Uniswap Price Analysis: 04 September

ETH/USD, TradingView

ETH rose by 3% over the last 24 hours, and was priced at $3902.31. The coin prepared to revisit its four-month high at $4033.17. In case, Etheruem manages to topple the $4033.17 level, it could trade near the price line of $4178.04. Indicators, however, still displayed chances of Ethereum falling in value. 

MACD showed red bars on its histogram and was at the level which it last touched almost a month ago. Awesome Oscillator observed red signal bars too. 

In contrast, buyers of Ethereum still remained higher in number as the Relative Strength Index stood at the 75-mark. A flip in the price, however, would land Etheruem on $3855.11.

Falling through $3855.11, another support level awaited at $3387.05. In case Ethereum is unable to sustain above $3387.05, it could trade near $2946.43, a level it last touched almost four weeks ago. 

Stellar (XLM)

Ethereum, Stellar and Uniswap Price Analysis: 04 September

XLM/USD, TradingView

XLM appreciated by 3.4% and was priced at $0.376 as it attempted to topple over the $0.381 resistance mark. At the current price level, XLM had secured a weekly high. If the coin manages to sustain an uptrend, it could revisit its multi-month high of $0.400.

Technical indicators remained positive for XLM. MACD displayed green bars on the histogram. Buying pressure was in the bullish zone as the Relative Strength Index was seen above the 60-mark.

Chaikin Money Flow was also spotted above the half-line as capital inflows were more than outflows. On the flipside, XLM’s price floor rested at $0.346, falling through which, it could trade near its three week low of $0.319. 

Uniswap (UNI)

Ethereum, Stellar and Uniswap Price Analysis: 04 September

UNI/USD, TradingView

UNI dipped by 3.6% over the last 24 hours and was trading at $29.04. The immediate support level was at $28.26, trading below which, UNI could touch its two-week low price at $25.47.

Indicators also point towards bearishness in the market. MACD flashed red bars on its histogram after a bearish crossover. Relative Strength Index stayed below the 50-mark as buying pressure struggled to move into the bullish territory.

Correspondingly, capital inflows dipped as noted on the Chaikin Money FlowOn the upside, UNI could retest the multi-month high of  $31.20, crossing which, it could trade near the $34.44.


Anushmita is a full-time journalist at AMBCrypto with a background in Mass Communication. She is inclined towards writing about the socio-political aspects of the crypto market and also has an interest in analyzing market trends.
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