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 $1,640.26 ETH/USD exchange rate today. The real-time ETH market cap of $188.52 Billion currently ranks #2 with , daily trading volume of $8.22 Billion and live coin value change of ETH -0.02 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$1,640.2647 change ~ -0.02%
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