Ethereum prices continue to trade higher, as yesterday’s spike to $2,200 was followed by a drop. But that didn’t stop it from climbing to $2,250 again, and quite possibly higher. This is a rather volatile period, with a lot of uncertainty around its price, and it’s hard to know what the future will bring.

The Ethereum price is back in the green, rising above $2,000 once again. The long-term trend since the beginning of the month has been upwards, and at the time of writing, ETH is above the $2,200 mark for the first time since the middle of May. This is the first time we’re seeing the ETH price move above the $2,000 mark since it hit $2,200 almost a month ago.

Today, Ethereum price is in a strong uptrend against the US Dollar. It is trading higher against USD and Bitcoin. Ethereum price reached a high of $2,222 before correcting lower. It is currently trading at $2,222. Bitcoin price is also trading higher against USD and other major currencies.. Read more about eth news today and let us know what you think.

Summary of the situation

  • ETH is up overnight.
  • The market was approaching its previous high around $2,300.
  • Bitcoin may go down again

Ethereum price analysis for today is bearish, as a lower high is likely to be reached in the coming hours, after which ETH will make another push downwards. Therefore, we expect ETH/USD to move towards the $1,900 support level in the coming days.

Heatmap for crypto-currencies. Source: Coin360

Overall, the market has traded in the green for the past 24 hours. Bitcoin is up 4% and Ethereum is up 8%. The rest of the altcoin market is following this upward trend.

Ethereum price movement in the last 24 hours

ETH/USD was trading in a range of $2,033 to $2,231, indicating moderate volatility. Trading volume fell 30% to $18.6 billion. Total market capitalization is approximately $259.2 billion, representing a market dominance of 18.1%.

4-hour ETH/USD chart – ETH back above $2,200

On the 4-hour chart, we can see that the Ethereum price is targeting a retest of the previous high of $2,300.

4 hour ETH/USD chart. Source: TradingView

Overall, the market has been trading with strong bearish momentum in recent weeks. After repeatedly testing the $2,900 resistance in June, the ETH/USD began a downward move in the following weeks until it reached the previous key support of $1,725.

Following the announcement of Ethereum on 26. After testing the $1,725 level for the second time in June, it rose sharply and reached the previous support at $2,300, which now acts as resistance. This means that the price of Ethereum is currently in a range where the market wants to go down.

Overnight, ETH/USD rose sharply after falling back to the $2,000 support level, where a slightly lower high is likely. The lower high suggests that the market is looking to continue the pullback in the coming days and reach the next support at $1,900.

Ethereum Price Analysis: Supplement

The Ethereum price analysis for today is bearish, as the market is targeting a slightly lower high and will move down from there over the next 24 hours. Therefore, we can expect ETH/USD to continue moving towards the $1,900 support level.

In anticipation of Ethereum’s continued decline, read our guides on bitcoin commissions, what DeFi is and what you can buy with bitcoin.

Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.

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