EthereumShort
ETH USD analysis
BTC continues to fall this week and therefore other cryptocurrencies are likely to follow the downtrend.
This analysis relies heavily on Fibonacci regression and major resistance/support lines.
ETH is expected to maintain its current value for the next few days. This weekend ETH may go into a downtrend until the 24th of July, stopping at a value of $1,800 or less.
There is a lot of speculation that the BTC will break the resistance lines between July 23rd and 26th of July and, if that happens, ETH will rise again and this time with a focus on the year-end target of $6,000 - $8,000.
This analysis relies heavily on Fibonacci regression and major resistance/support lines.
ETH is expected to maintain its current value for the next few days. This weekend ETH may go into a downtrend until the 24th of July, stopping at a value of $1,800 or less.
There is a lot of speculation that the BTC will break the resistance lines between July 23rd and 26th of July and, if that happens, ETH will rise again and this time with a focus on the year-end target of $6,000 - $8,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.