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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – July 11

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  • The bears are currently facing resistance at the $269 price level.
  • The crypto may fall into the previous range zone of $220 and $280 price level.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $320, $340, $360
  • Support Levels: $260, $240, $220

Yesterday, July 10, the price of Ethereum was in a bearish trend after being resisted from the $320 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The bears are currently facing resistance at the $269 price level.

On the downside, if the bears break this level, the crypto’s price will fall to the low at $220. Presently, the bears have broken the $280 price level which was the previous upper price range. The crypto may fall into the previous range zone of $220 and $280 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally but later pointing southward. The coin is facing resistance at the $312 price level.

Today, the bears broke below the EMAs after a range bound move at the $312 price level. The crypto’s price is now ranging above the $288 price level. After another range bound move above the $288 price level, the crypto’s fell to the low at $268 to commence another range bound move. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal.

 

Ethereum’s price is $269.32 ETH/USD exchange rate today. The real-time ETH market cap of $28.78 Billion currently ranks #2 with , daily trading volume of $3.34 Billion and live coin value change of ETH -2.42 in the last 24 hours.

Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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