Ethereum
Ethereum (ETH) Price Prediction for July 21
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Prices of some coins continue to rise, while others have returned to the red zone, according to CoinMarketCap.
The best coins by CoinMarketCap
ETH/USD
The price of Ethereum (ETH) has remained almost the same since yesterday. Over the past week, the price has increased by 9.61%.
Image of TradingView
On the hourly chart, ETH price has mistakenly broken the local support level at $3,483. If the daily bar closes near this level, we can expect a breakout towards the $3,450 area shortly.
Image of TradingView
On a longer time frame, the level closest to $3,547 will be worth paying attention to. If a breakout occurs, the accumulated energy could be enough for a continuation of the upward movement towards the $3,600-3,700 range.
Image of TradingView
From a midterm election perspective, bulls are trying to maintain the initiative they have gained.
If the weekly candle closes around current prices, traders could see further upside by the end of the month.
Ethereum is trading at $3,502 at press time.
About the Author
Denys Serhiichuk
With over 5 years of trading experience, Denys has a deep understanding of technical and fundamental market analysis. He has notably launched his blog on TradingView where he publishes all the relevant information and makes predictions on the main cryptocurrencies.
Thus, his experience is strengthened by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, and can be contacted at denys.serhiichuk@u.today.