Ethereum (ETH) Price Prediction for July 3
After testing a weekly high near $2,523, the Ethereum price today is trading around $2,448, caught in a tight zone of indecision just beneath multiple resistance bands. While ETH rebounded from June’s lows near $2,100, it now faces a critical technical inflection as the broader structure narrows into a multi-month symmetrical triangle.
What’s Happening With Ethereum’s Price?
On the monthly chart, ETH remains wedged between long-term uptrend support from the March 2020 bottom and descending resistance from its $4,900 peak. The price structure continues to compress, and the recent double-top rejection below $4,100 signals lingering macro selling pressure. Despite this, the ascending base near $2,130 has held for the third time since mid-2023, forming a strong foundation.
The weekly chart shows Ethereum capped below the $2,745 level (Fib 0.5) while holding just above $2,424 (Fib 0.382). This zone remains pivotal. ETH is trading inside a tightening structure, with lower highs indicating reduced bullish momentum. The Bollinger Bands are flattening on higher timeframes, a typic…
The post Ethereum (ETH) Price Prediction for July 3 appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for July 3
After testing a weekly high near $2,523, the Ethereum price today is trading around $2,448, caught in a tight zone of indecision just beneath multiple resistance bands. While ETH rebounded from June’s lows near $2,100, it now faces a critical technical inflection as the broader structure narrows into a multi-month symmetrical triangle.
What’s Happening With Ethereum’s Price?
On the monthly chart, ETH remains wedged between long-term uptrend support from the March 2020 bottom and descending resistance from its $4,900 peak. The price structure continues to compress, and the recent double-top rejection below $4,100 signals lingering macro selling pressure. Despite this, the ascending base near $2,130 has held for the third time since mid-2023, forming a strong foundation.
The weekly chart shows Ethereum capped below the $2,745 level (Fib 0.5) while holding just above $2,424 (Fib 0.382). This zone remains pivotal. ETH is trading inside a tightening structure, with lower highs indicating reduced bullish momentum. The Bollinger Bands are flattening on higher timeframes, a typic…
The post Ethereum (ETH) Price Prediction for July 3 appeared first on Coin Edition.
Read More