Ethereum (ETH) Price Prediction for July 5
After reclaiming $2,600 earlier this week, Ethereum price today has pulled back toward the $2,550–$2,560 zone, breaching key intraday support. The rejection from the $2,610 supply zone triggered renewed downside as bears forced a breakdown below a rising short-term trendline.
At the time of writing, Ethereum trades near $2,560 with a mild intraday loss, as short-term indicators point to waning momentum and rising volatility.
What’s Happening With Ethereum’s Price?
The 4-hour chart shows that Ethereum price action broke out above a multi-week consolidation range near $2,520, only to get rejected near the $2,610–$2,620 resistance band. This zone has capped ETH’s upside three times since mid-June, reinforcing it as a key supply area. The rising trendline support from the late June lows has now been breached, shifting short-term structure to bearish.
Meanwhile, on the daily timeframe, ETH remains trapped inside a large symmetrical triangle pattern, with the apex drawing closer. The lower support of this triangle currently alig…
The post Ethereum (ETH) Price Prediction for July 5 appeared first on Coin Edition.
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Healthy Pullback – ETH and XRP Build the Base for the Next Leg Up
Ethereum (ETH) Price Prediction for July 5
After reclaiming $2,600 earlier this week, Ethereum price today has pulled back toward the $2,550–$2,560 zone, breaching key intraday support. The rejection from the $2,610 supply zone triggered renewed downside as bears forced a breakdown below a rising short-term trendline.
At the time of writing, Ethereum trades near $2,560 with a mild intraday loss, as short-term indicators point to waning momentum and rising volatility.
What’s Happening With Ethereum’s Price?
The 4-hour chart shows that Ethereum price action broke out above a multi-week consolidation range near $2,520, only to get rejected near the $2,610–$2,620 resistance band. This zone has capped ETH’s upside three times since mid-June, reinforcing it as a key supply area. The rising trendline support from the late June lows has now been breached, shifting short-term structure to bearish.
Meanwhile, on the daily timeframe, ETH remains trapped inside a large symmetrical triangle pattern, with the apex drawing closer. The lower support of this triangle currently alig…
The post Ethereum (ETH) Price Prediction for July 5 appeared first on Coin Edition.
Read More