Ethereum Price Prediction Today: Daily (ETH) Value Forecast – July 10
- The crypto may fall into the previous range bound zone of $220 and $280 price levels .
- The ETH market reached the $340 overhead resistance but was resisted., the ETH market reached the $340 overhead resistance but was resisted.
ETH /USD Medium-term Trend: Bearish
- Resistance Levels: $320, $340, $360
- Support Levels: $280, $260, $2600
Yesterday, July 9, the price of Ethereum tested the $320 price level and commenced a downward correction. The bears have broken below the 12-day EMA and the 26-day EMA which indicates that price may further depreciate. In retrospect, on June 26, the ETH market reached the $340 overhead resistance but was resisted.
The ETH market is now on a downward correction. The market has fallen to the support levels of the 12-day EMA and the 26-day EMA. On the downside, if the bears break the $280 price level, the ETH price may likely be in a downtrend. The crypto may fall into the previous range bound zone of $220 and $280 price levels Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the price of ETH is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally but later pointing southward. The coin is facing resistance at the $312 price level. Today, the bears broke below the EMAs after a range bound move at the $312 price level. The crypto’s price is now ranging below the $288 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal.
Ethereum’s price is $1,963.66 ETH/USD exchange rate today. The real-time ETH market cap of $228.53 Billion currently ranks #2 with , daily trading volume of $21.11 Billion and live coin value change of ETH -5.36 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$1,963.6601 change ~ -5.36%
Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.