Cryptocurrency experts set the price of Ethereum with the help of artificial intelligence in August

The leading altcoin Ethereum is approaching an important milestone at $ 1,900. In this regard, Finbold analysts turned to the PricePredictions forecasting tool and asked how much the second cryptocurrency would cost on the last day of summer. The artificial intelligence predicted the price of ethereum at $ 1,785.

At the moment, ETH is trading at $ 1,866, having experienced a slight decline of 0.4% per day, reflecting a similar trend observed over the past week.

Analysts note that the cryptocurrency is meeting a support level at $ 1,811, which is important to prevent further downward movement, as well as a resistance level at $ 1,926, which acts as a barrier to potential upward surges. ETH is currently above its 200-day simple moving average, which indicates a positive long-term trend in the cryptocurrency’s price movement.

During July, Ethereum had only 12 «green» days, which indicates a relatively moderate bullish momentum. Analysts suggest that Ethereum has the potential for further price growth.