Ethereum Price Prediction: Long-term (ETH) Value Forecast – July 20
- On June 27, after the bulls were resisted the market was on a downward correction to a low at $200 price level.
- Nevertheless, if the bulls break the EMAs, the crypto’s price will rise to retest the $320 and $340 resistance levels.
ETH/USD Long-term Trend: Bearish
- Resistance Levels: $240, $260, $280
- Support Levels: $220, $200, $180
The ETH market had been on a downward correction after its resistance at the $340 price level. On June 27, after the bulls were resisted the market was on a downward correction to a low at $200 price level. On July 16, the downward trend was corrected and the support level had to hold for the past one week. The bulls had made an upward move to break above the 12-day EMA and the 26-day EMA. The ETH price has risen back into the previous range bound zone of $220 and $280.
Nevertheless, if the bulls break the EMAs, the crypto’s price will rise to retest the $320 and $340 resistance levels. The coin may continue its range bound move if the bulls fail to break above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Ethereum’s price is $3,434.20 ETH/USD exchange rate today. The real-time ETH market cap of $397.52 Billion currently ranks #2 with , daily trading volume of $22.58 Billion and live coin value change of ETH 3.51 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$3,434.2001 change ~ 3.51%
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