• On the upside, if the $226 support level holds, the crypto’s price will rise to test or break the trend line.
• On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $320 and $340 resistance levels.

ETH/USD Medium-term Trend: Bearish

• Resistance Levels: $280, $300, $280
• Support Levels: $220, $200, $180

Last week the price of Ethereum was in a bearish trend. The bulls had earlier been resisted on June 27. On July 9, the bulls were resisted at the $320 price level and the market went on a downward correction. The bears broke the 12-day EMA and the 26-day EMA as the price fell to reach the low of $226 price level. The $226 support level was the previous low of June 9.

On June 9, the crypto’s price made an upward move to reach the $340 price level. On the upside, if the $226 support level holds, the crypto’s price will rise to test or break the trend line. A trend line has been drawn to determine the duration of the bearish trend.

A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. 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 Ethereum is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward. On July 14, the bears broke the EMAs and reached a low of $200. The crypto’s price is now fluctuating below the 12-day EMA and the 26-day EMA.

On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $320 and $340 resistance levels.The MACD line and the signal line are below the zero line which indicates a sell signal.

Ethereum’s price is $3,401.89 ETH/USD exchange rate today. The real-time ETH market cap of $394.34 Billion currently ranks #2 with , daily trading volume of $31.89 Billion and live coin value change of ETH 0.36 in the last 24 hours.

Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News

	12:55 PM	Ether Is Not Done Rallying, VC Points to Market Structure...
	02:38 PM	Ether Will “Keep Gaining Market Share Relative to Bitcoin...
	03:40 PM	Ether Flippining Bitcoin a Real Possibility But What’s th...
	05:19 PM	Ethereum Scaling Solution Arbitrum Opens its Mainnet with...
	03:09 PM	Positive Momentum for Ethereum Continues with Another $60...
	01:45 PM	Ethereum is Literally Unusable; Fees Surge to New ATH as ...
	03:46 PM	SHIB Token Is Sending Ethereum Gas Prices Higher
	02:09 PM	Deribit Lists Ether at 50k Strike Options with March 2022...
	12:30 PM	Why Ethereum has a Chance to Blow Up Even Bigger & May Ev...
	04:06 PM	VanEck Files for the First Ethereum ETF in the US

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.