Ethereum (ETH) Price Prediction for July 25
After a sharp rejection from the $3,860 mark earlier this week, Ethereum price today is stabilizing just above $3,640. The recent breakdown from its ascending channel has shifted near-term sentiment toward caution, as ETH consolidates beneath several key resistance levels.
What’s Happening With Ethereum’s Price?
Ethereum recently exited a rising channel that supported its rally from mid-July. After peaking near $3,860, price broke below the channel’s lower boundary and is now retesting prior support as resistance. The 1-hour RSI is recovering slightly near 50.40, suggesting stabilization, but there is still no confirmed trend reversal.
Weekly Fibonacci levels show ETH facing rejection at the 0.786 retracement level around $3,525. While the higher time frame trend remains bullish, this zone now acts as strong resistance until decisively reclaimed.
Why Is The Ethereum Price Going Down Today?
The primary reason why Ethereum price going down today is the failure to hold above the $3,800 zone, where both horizontal resistance a…
The post Ethereum (ETH) Price Prediction for July 25 appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for July 25
After a sharp rejection from the $3,860 mark earlier this week, Ethereum price today is stabilizing just above $3,640. The recent breakdown from its ascending channel has shifted near-term sentiment toward caution, as ETH consolidates beneath several key resistance levels.
What’s Happening With Ethereum’s Price?
Ethereum recently exited a rising channel that supported its rally from mid-July. After peaking near $3,860, price broke below the channel’s lower boundary and is now retesting prior support as resistance. The 1-hour RSI is recovering slightly near 50.40, suggesting stabilization, but there is still no confirmed trend reversal.
Weekly Fibonacci levels show ETH facing rejection at the 0.786 retracement level around $3,525. While the higher time frame trend remains bullish, this zone now acts as strong resistance until decisively reclaimed.
Why Is The Ethereum Price Going Down Today?
The primary reason why Ethereum price going down today is the failure to hold above the $3,800 zone, where both horizontal resistance a…
The post Ethereum (ETH) Price Prediction for July 25 appeared first on Coin Edition.
Read More