Ethereum (ETH) Price Prediction for July 23
Following an explosive multi-week rally, Ethereum price is showing signs of fatigue as the market reacts to resistance near the $3,820 supply zone. Ethereum price today is around $3,690, down 1.9% intraday, after slipping below both local VWAP and trendline support. Traders are closely watching the $3,650 to $3,680 region, which could define the next directional move.
What’s Happening With Ethereum’s Price?
ETH is undergoing a technical rejection after a strong vertical run from $2,800 to nearly $3,820. The 30-minute chart reveals a clean break below a rising wedge structure, followed by a bearish retest of the broken trendline. This shift occurred right after ETH failed to sustain above $3,800, which aligns with key Fibonacci and supply zone resistances.
The 1-day chart shows ETH still holding above all major EMAs. However, the daily candle has now cut below the upper Bollinger Band near $3,940, which had expanded significantly during the recent surge. This suggests that Ethereum price volatility may begin contracting, particularly if the $3,650 to $3,600 region does not h…
The post Ethereum (ETH) Price Prediction for July 23 appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction for July 23
Following an explosive multi-week rally, Ethereum price is showing signs of fatigue as the market reacts to resistance near the $3,820 supply zone. Ethereum price today is around $3,690, down 1.9% intraday, after slipping below both local VWAP and trendline support. Traders are closely watching the $3,650 to $3,680 region, which could define the next directional move.
What’s Happening With Ethereum’s Price?
ETH is undergoing a technical rejection after a strong vertical run from $2,800 to nearly $3,820. The 30-minute chart reveals a clean break below a rising wedge structure, followed by a bearish retest of the broken trendline. This shift occurred right after ETH failed to sustain above $3,800, which aligns with key Fibonacci and supply zone resistances.
The 1-day chart shows ETH still holding above all major EMAs. However, the daily candle has now cut below the upper Bollinger Band near $3,940, which had expanded significantly during the recent surge. This suggests that Ethereum price volatility may begin contracting, particularly if the $3,650 to $3,600 region does not h…
The post Ethereum (ETH) Price Prediction for July 23 appeared first on Coin Edition.
Читать больше