spot_imgspot_imgspot_img

Ethereum Investors Should Focus on This Level! July 3rd ETH Analysis

  • Ethereum price experienced a decline as it couldn’t sustain above the $1930 resistance level.
  • If ETH surpasses the $1930 resistance, the upward movement can continue up to $1963 levels.
  • Key support levels for Ethereum are at $1791-$1770 and $1834 levels.

Today, Ethereum price experienced a decline as it couldn’t sustain above the $1930 resistance level, but if ETH surpasses this resistance, the upward movement can continue. The support levels of Ethereum should be taken into consideration.

Medium-Term ETH Analysis

Daily ETH/USD Price Chart
Daily ETH/USD Price Chart

Today, Ethereum price experienced a decline to $1885 levels, but it rebounded to $1918 levels with strong buyer demand. Ethereum investors predict that if daily candlestick closure is achieved above the $1930 resistance, ETH’s target will be $2100.

Ethereum’s technical chart confirms investors’ expectations. If the ETH price achieves a daily candlestick closure above the $1930 level and sustains it, it can realize the upward movement up to $2100 levels.

However, if Ethereum fails to achieve a daily candlestick closure above the $1930 resistance, it can initiate the downward movement from this level. The mentioned level of $1778 in the analysis is observed as the downward target for ETH.

Prior to Ethereum’s support at $1778, there is another significant support at $1834 levels. Many Ethereum whales are waiting for the $1778 level to add Ethereum to their wallets.

Short-Term ETH Analysis

2-Hour ETH/USD Price Chart

2-Hour ETH/USD Price Chart

Ethereum price experienced a decline as it couldn’t sustain above the $1930 resistance. However, if ETH can surpass the $1930 resistance with daily candlestick closures and sustain above this level, it can continue the upward movement up to $1963 levels.

If Ethereum fails to break the $1930 resistance, it can extend the downward movement towards $1873 levels. If the ETH price achieves daily candlestick closures below $1873, it can continue the downward movement up to $1828 levels.

Another significant support range for ETH is at $1791-$1770. If Ethereum price experiences a decline towards this range, many ETH investors are waiting for the opportunity to make spot purchases at these levels.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?

SEC Prepares to Approve Options for Spot Bitcoin ETFs

Will the U.S. Securities and Exchange Commission (SEC) approve options trading for BITB and GBTC spot Bitcoin ETFs?

What Happens If Bitcoin Crashes? Renowned Author Robert Kiyosaki Explains!

Entrepreneur and renowned author Kiyosaki shared his thoughts on the potential collapse of Bitcoin within the community.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Grayscale Report: What Triggers Ethereum Price?

After the Ethereum price rose above $3000, Grayscale Investments investigated why Ethereum (ETH) was rising.

Reddit Integrates Bitcoin and Ethereum into Treasury Amidst Bull Run and ETF Approval Boosts

This article delves into Reddit's strategic incorporation of Bitcoin and Ether into its treasury, examining the implications of this move for the crypto industry and investor sentiment.

Reddit Announces IPO with a Crypto Twist: Bitcoin, Ethereum, and MATIC Holdings Revealed

In a significant move towards becoming a publicly traded company, Reddit reveals its cryptocurrency holdings, including Bitcoin and Ethereum, in its latest SEC filing, marking a notable fusion of social media and blockchain technology.