Ethereum Confirms Hourly Death Cross, What’s Next for ETH Price?

Main Idea
Ethereum (ETH) experienced a significant price surge in July but shows short-term weakness with an hourly death cross, raising questions about its future price movement.
Key Points
1. Ethereum's 50-hour moving average crossed below the 200-hour moving average, indicating short-term weakness.
2. ETH rose over 48% in July, its highest monthly performance in three years, but faced resistance near $4,000.
3. The crypto market saw $758 million in liquidations over the last 24 hours, contributing to volatility.
4. Analysts note the $4,500 level as a key upside threshold, which previously acted as resistance in 2024 and the 2020-2021 cycle.
5. Despite the July surge, ETH's price dropped from a high of $3,878 to an intraday low of $3,563 before a slight rebound.
Description
Ethereum stunned by hourly death cross despite 48% July surge
Latest News
- XRP $3 Club is Closed, Ethereum (ETH): Chance For $4,000, Bitcoin (BTC): Is $120,000 Not Available?2025-08-02 00:17:58
- Ripple CTO Addresses Kraken Founder’s Alleged XRP Hate2025-08-01 22:18:17
- Fidelity: Fed Could Boost Bitcoin by Restarting 'QE Engines'2025-08-01 20:56:38
- Schiff: Bitcoin Reserve Would Be 'Ultimate' Taxpayer Boondoggle2025-08-01 18:57:56
- XRP Gets Zero Mentions in White House, $58.7 Million Shiba Inu Locked, Ripple Hiring Executive: Crypto News Digest2025-08-01 17:34:01