Ethereum (ETH) Price Prediction for July 24
Main Idea
Ethereum's price is consolidating near $3,705, showing signs of a potential breakout or pullback, with key resistance at $3,790 and support at $3,625.
Key Points
1. Ethereum has formed a symmetrical triangle on the 4-hour chart, with price action between $3,665 and $3,790.
2. On-balance volume (OBV) remains elevated at 1.24 billion, indicating consistent spot accumulation.
3. Intraday rejection from $3,790 has caused short-term downward pressure, but capital flows remain net positive (+$8.79M).
4. Bollinger Bands and EMAs suggest a volatility squeeze, with a potential breakout above $3,790 or pullback to $3,625.
5. Key support levels include the 20/50 EMA cluster ($3,625) and the 100 EMA ($3,484), while resistance zones are at $3,790 and $4,120–$4,180.
Description
Ethereum price is trading near $3,705 on July 23, stabilizing after its powerful rally from sub-$2,200 levels earlier this month. The current structure shows ETH price consolidating below a key descending trendline near $3,780–$3,820. This setup suggests that Ethereum is nearing a volatility inflection point, with directional momentum likely to return soon. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) Ethereum has formed a high-compression symmetrical triangle...
Latest News
- Arthur Hayes Bets on ‘Internet Status’ Over Tech in the Punks vs. ETH Trade This Cycle2025-07-23 16:27:13
- Goldman Sachs, BNY Mellon Team Up on Blockchain for Money-Market Funds2025-07-23 16:04:39
- Here’s How Star System Labs Is Building Real Infrastructure Utility for Memes Coins2025-07-23 15:43:16
- MICAR-Compliant Tokenforge Introduces Utility Token TKFG2025-07-23 15:21:13
- CoinDCX CEO Vows a “Stronger” Comeback and Launches a 25% Bounty2025-07-23 14:55:36