Crypto

ETH Correction Sets Stage for Accumulation Amid Ongoing Price Cycles

Guavy AI Editorial Team Published September 3, 2026

Instruments

ETH

Ethereum is in a slight correction phase, according to CryptoMichNL. This correction creates an ideal zone for fresh positions as ongoing ETH price prediction cycles continue.

The current price of Ethereum sits at $2465.63, which is above the EMA50 support at $2423.85 and far from the EMA200 at $2213.14. The MACD golden cross keeps the broader structure bullish despite a neutral momentum RSI at 58.48.

Ethereum is trading within its Bollinger Bands, moving towards upper resistance at $2497.72. A measured retracement to the 50-EMA could offer classic accumulation before continuation.

The Wire

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