Altcoin
Ethereum, Stellar, Uniswap Price Analysis: 04 September
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)
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)
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)
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 Flow. On the upside, UNI could retest the multi-month high of $31.20, crossing which, it could trade near the $34.44.
