Ethereum, STEPN GST, and Celcius Technical Analysis: 15th August 2022

Ethereum ($ETH) analysis 15th August 2022

Ethereum ($ETH) has been one of the top trending coins, as pointed out by CoinMarketCap. As the much-awaited Merge closes in, excitements regarding Ethereum are soaring at the moment. $ETH has been in the list of top trending coins almost throughout the previous week.

Ethereum traded sideways between $1046 and $1240 from the second half of June before shooting up on 11th July. Since then, $ETH traded in an ascending channel (orange) reaching resistance at $1949.86 level.

The RSI hovered at a strong 63.52 while the Moving Averages depicted a positive uptick on the histogram. The technicals indicated towards a strong sell at the moment. $ETH traded at $1914 at the time of writing.

STEPN GMT analysis 15th August 2022

STEPN GMT has gained a position among the top gainers of the week. As the crypto market slowly yet steadily recovers from the bears, some coins can be seen performing really well. STEPN GMT is one of them. Although the bears tried holding the market down, STEPN has managed to consolidate near the support level at $0.82605 and reached resistance at $1.02. 

The coin has been trading within this range for more than a month. However, during the previous week, STEPN consistently marked higher lows. The technicals supported by the Moving Averages pointed to a ‘strong buy.’ At press time, the coin traded at $1.02, gaining 3.95% over the previous day.

CELSIUS ($CEL) analysis 15th August 2022

Although Celsius ($CEL) performed pretty well over the past few weeks and especially peaked since the beginning of August, it did take a major blow over the previous day. 

The coin picked up from a support level at $0.74 to hit resistance at $3 level over the course of the previous month. An aggressive selling spree kicked in over the previous day, sending the coin to the list of top losers over the last day. During press time, the coin traded at $3.23, dropping almost 16% over the previous day.