In this Ethereum Elliott Wave analysis for 31 August 2026, we examine the $2,355 invalidation level for our current micro triangle setup.
We analyze the Ethereum price action, where the recent consolidation suggests a potential wave 4 triangle setup. Our Elliott Wave analysis indicates that while the move from the June low remains a three wave sequence, the current price behavior keeps the bullish forecast intact as we look for a possible fifth wave. We provide key support and resistance levels to monitor while we track this micro pattern.
Ethereum (ETH) is trading at approximately $2,453.23 (or €2,121.06), marking a mild intraday recovery from its daily open of $2,417.98, though it remains under pressure with a 0.64% decline over the last 24 hours.
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Ethereum (ETH) Price News & Insights Today 31-8-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
Ethereum Insights Today
-Hawkish Fed Signals: Crypto assets faced notable downside volatility following hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Firming U.S. Treasury yields and a stronger dollar have reduced appetite for high-beta risk assets.
-Middle East Tensions: Weekend geopolitical escalations drove global oil prices higher, further compounding macro rate-hike fears and leading institutional investors to temporarily de-risk portfolios.
-Technical Resistance: Traders face continuous selling pressure underneath the key $2,500 psychological resistance level, which catalyzed a minor cascade of long liquidations earlier this morning.
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