Ethereum (ETH) Price Analysis for July 17
Main Idea
Ethereum (ETH) price shows volatility with a recent rise of 6.15%, but faces potential decline if seller pressure continues towards the $3,425 support level.
Key Points
1. Ethereum (ETH) is one of the biggest gainers today, rising by 6.15%.
2. On the hourly chart, ETH's rate is declining after a false breakout of the $3,478 resistance.
3. If seller pressure continues, ETH may decline to the $3,425 support level by tomorrow.
4. Potential scenarios include a drop to the $3,300 range or a rise to the $3,750-$4,000 range.
5. Ethereum is trading at $3,403 at press time.
Description
Does Ethereum (ETH) have strength for ongoing rise?
$ETH
$3589.50
-3.14%
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