Ethereum Price Prediction Today: Daily (ETH) Value Forecast – July 8
- On the upside, if the 26-day EMA holds, the bulls will break the EMAs, and the crypto’s price will rise and retest the $340 overhead resistance.
- On June 30, the price of Ethereum fell to a low of $290 and commenced a range bound move.
ETH /USD Medium-term Trend: Bullish
- Resistance Levels: $320, $330, $340
- Support Levels: $290, $280, $270
Last week the ETH /USD pair had been trading below the 12-day EMA after the downward correction. The ETH market had earlier reached a high of $ 340 but the bulls were resisted. The market was on a downward correction to the low at $294 or to the support level of the 12-day EMA. The bulls responded at the support level but were repelled at the $320 price level.
On June 30, the price of Ethereum fell to a low of $290 or to the support level of 26-day EMA. The crypto’s price had been trading below the 12-day EMA but above the 26-day EMA in the last one week. On the upside, if the 26-day EMA holds, the bulls will break the EMAs, and the crypto’s price will rise and retest the $340 overhead resistance .Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the price of ETH is in a bullish trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The coin had been facing resistance at the $296 price level. On July 7, the bulls reached a high of $296 price level.
However, the bulls were resisted as the price fell to the support level of the 26-day EMA to resume a range bound move above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Ethereum’s price is $3,921.56 ETH/USD exchange rate today. The real-time ETH market cap of $454.43 Billion currently ranks #2 with , daily trading volume of $24.2 Billion and live coin value change of ETH 1.78 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$3,921.5615 change ~ 1.78%
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