Ethereum (ETH) Price Prediction for July 19
After reclaiming the $3,325 supply zone earlier this week, Ethereum price has launched into a vertical rally, rising more than 20 percent in just three sessions. Ethereum price today is trading around $3,655, its highest level since early 2024. The move is driven by a confirmed breakout from a long-term triangle structure. Bullish continuation now hinges on ETH holding above key former resistance levels.
What’s Happening With Ethereum’s Price?
The weekly chart shows that Ethereum price has surged past the 0.618 Fibonacci retracement level at $3,067 and is now approaching the 0.786 level near $3,524. This rally is unfolding just after ETH confirmed a breakout from the multi-year symmetrical triangle visible on the monthly chart. That structure has capped ETH since 2022, and the breakout candle now reflects a long-awaited shift in macro trend.
On the daily timeframe, ETH cut through major levels including $2,530 and $3,325 with strong momentum. The volume profile highlights a low-liquidity pocket between $3,500 and $3,700, increasing the chances that price continues climbing …
The post Ethereum (ETH) Price Prediction for July 19 appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for July 19
After reclaiming the $3,325 supply zone earlier this week, Ethereum price has launched into a vertical rally, rising more than 20 percent in just three sessions. Ethereum price today is trading around $3,655, its highest level since early 2024. The move is driven by a confirmed breakout from a long-term triangle structure. Bullish continuation now hinges on ETH holding above key former resistance levels.
What’s Happening With Ethereum’s Price?
The weekly chart shows that Ethereum price has surged past the 0.618 Fibonacci retracement level at $3,067 and is now approaching the 0.786 level near $3,524. This rally is unfolding just after ETH confirmed a breakout from the multi-year symmetrical triangle visible on the monthly chart. That structure has capped ETH since 2022, and the breakout candle now reflects a long-awaited shift in macro trend.
On the daily timeframe, ETH cut through major levels including $2,530 and $3,325 with strong momentum. The volume profile highlights a low-liquidity pocket between $3,500 and $3,700, increasing the chances that price continues climbing …
The post Ethereum (ETH) Price Prediction for July 19 appeared first on Coin Edition.
Read More