EthereumLong
Ethereum Price Analysis — July 18
ETH has enjoyed a steady bullish recovery over the past few days after ETH developer Superphiz confirmed a possible launch date for the Merge network upgrade. The second-largest cryptocurrency tapped the $1,500 mark for the first time since early June, after a prolonged consolidation between $1,265 and $1,000.
The cryptocurrency has acquired a clear-cut trendline, guiding it toward previous highs. That said, a correction from the current level will likely be stalled by the trendline around the $1,400 level. More bullish moves are likely in the coming days barring any damaging macroeconomic development.
Meanwhile, my resistance levels are $1,500, $1,600, and $1,700, and my support levels are $1,400, $1,300, and $1,265.
Total Market Capitalization: $1.01 trillion
Ethereum Market Capitalization: $178.9 billion
Ethereum Dominance: 17.7%
Market Rank: #2
The cryptocurrency has acquired a clear-cut trendline, guiding it toward previous highs. That said, a correction from the current level will likely be stalled by the trendline around the $1,400 level. More bullish moves are likely in the coming days barring any damaging macroeconomic development.
Meanwhile, my resistance levels are $1,500, $1,600, and $1,700, and my support levels are $1,400, $1,300, and $1,265.
Total Market Capitalization: $1.01 trillion
Ethereum Market Capitalization: $178.9 billion
Ethereum Dominance: 17.7%
Market Rank: #2
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.