Ethereum Price Prediction Today: Daily (ETH) Value Forecast – July 17
- On the upside, if the $200 support level holds, the crypto’s price will rise and break above the EMAs and retest the $320 and $340 resistance levels.
- On the other hand, if the $200 support level is broken the crypto’s price will fall to the low of $150 or $175 price level.
ETH/USD Medium-term Trend: Bearish
- Resistance Levels: $280, $300, $280
- Support Levels: $200, $180, $160
Yesterday, July 16, the price of ETH was in a bearish trend. The bears temporarily suspended the bearish move as the bulls took control of price at the $200 support level. On the upside, if the $200 support level holds, the crypto’s price will rise and break above the EMAs 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.
ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the price of Ethereum is in a bullish trend. On July 16, the ETH price fell to the low of $196 and commenced a range bound move below the EMAs. The bulls broke above the EMAs and resumed a bullish trend. The ETH price is making a series of higher highs and higher lows.
A trend line has been drawn to determine the duration of the bullish trend. A bullish trend is ongoing if the trend line is unbroken. A bullish 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.
Ethereum’s price is $4,011.75 ETH/USD exchange rate today. The real-time ETH market cap of $464.88 Billion currently ranks #2 with , daily trading volume of $26.38 Billion and live coin value change of ETH 5.45 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$4,011.7472 change ~ 5.45%
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