Is Ethereum’s New Target $2100? July 3rd ETH Analysis

  • Ethereum achieved a significant increase by surpassing the $1930 resistance level in its daily price chart.
  • ETH’s upward movement can continue towards the $2070 level, and the important resistance zone is between $2070 – $2120.
  • In Ethereum’s 2-hour chart, the $1962 resistance level is crucial, and as long as it stays above this level, it can continue its rise towards the $2025 level.

Ethereum continues its upward movement and progresses towards its targets by surpassing important resistance levels in its daily and 2-hour technical charts. What is the price target for ETH’s rise?

Medium-Term ETH Analysis

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

When examining Ethereum’s daily price chart, it can be seen that it achieved a significant increase above the $1930 resistance level. Currently, ETH is moving around $1969 levels.

If Ethereum continues to close daily candles above the $1930 resistance level, its upward movement can continue towards the $2070 level. Additionally, the important daily resistance zone for ETH is between $2070 – $2120.

If the ETH price achieves daily candle closes above the $2120 level, it can extend its upward movement towards the $2300 level. If ETH currently closes daily candles above $1930, the range between $1930 – $1900 can be considered as a new support level.

Short-Term ETH Analysis

2-Hour ETH/USD Price Chart

2-Hour ETH/USD Price Chart

When examining Ethereum’s 2-hour technical chart, it can be seen that it is moving above the important resistance level of $1962. As long as the ETH price stays above the $1962 level, it can continue its rise towards the $2025 level.

However, if Ethereum achieves 2-hour candle closes below the $1962 level, it can extend its downward movement towards the $1930 support level. Investors are closely monitoring the $1962 level as an important support level in the short time frame. If this level is maintained, Ethereum can aim to initiate an upward trend towards $2025.

The strongest support zone for ETH is the $1893 level mentioned in the analysis. As long as the Ethereum price continues to close daily candles above $1893, it may continue its upward trend.

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

Mt. Gox Bitcoin Payout Nears: Could $9 Billion BTC Distribution Impact Market?

The impending Mt. Gox Bitcoin payout could mark a pivotal moment for the crypto market. Learn how this historic event might impact Bitcoin prices and what it means for the industry.

What Investors Should Expect as BTC Prepares for Major Supply Shift – After Bitcoin Halving

Explore how the Bitcoin halving in 2024 could transform the cryptocurrency landscape and investment strategies.

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Bitcoin Recovers to $66K: Analysts Debate Future After Halving Dip

Get the latest insights on Bitcoin's price action, analyst predictions, and the potential impact of the recent halving event.

Bitcoin Fees Plummet, EigenLayer Yield Crisis Looms, Telegram Boosts Crypto Adoption – Today’s Crypto Roundup

Get the latest on EigenLayer's potential downturn, Bitcoin's record-breaking fees, and how Telegram is fueling the rise of Web3 in this comprehensive crypto news update.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?

Ethereum Might Be Preparing for a Rise! Current ETH Analysis

Ethereum's daily chart has sustained a rise up to $3100 after strong buying in the $2867 - $2950 range. Current ETH Analysis

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.
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

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Crypto Market Surges Alongside Stocks: Bitcoin (BTC), Ethereum (ETH) Lead Gains

The crypto market sees a significant uptrend, mirroring optimism in traditional markets. Discover insights into the correlation with the S&P 500, the role of Bitcoin ETFs, and technical indicators pointing towards a bullish outlook.

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?