Ethereum (ETH) Price Prediction for July 24
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?
Ethereum has formed a high-compression symmetrical triangle on the 4-hour chart, with higher lows gradually pressing against a fixed horizontal resistance. Price action is currently wedged between $3,665 and $3,790, with buyers defending the rising trendline since July 5.
The recent move above $3,500 invalidated a multi-week bearish flag and flipped multiple higher timeframe EMAs. Since then, the rally has matured into consolidation as ETH price prepares for its next move. On-balance volume (OBV) remains elevated, printing around 1.24 billion on the 4-hour, confirming consistent spot accumulation through the structure.
Parabolic SAR dots continue trailing below price, showing that the short-term uptrend is still intact,…
The post Ethereum (ETH) Price Prediction for July 24 appeared first on Coin Edition.
Read More
Ethereum (ETH) Price Prediction for July 24
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?
Ethereum has formed a high-compression symmetrical triangle on the 4-hour chart, with higher lows gradually pressing against a fixed horizontal resistance. Price action is currently wedged between $3,665 and $3,790, with buyers defending the rising trendline since July 5.
The recent move above $3,500 invalidated a multi-week bearish flag and flipped multiple higher timeframe EMAs. Since then, the rally has matured into consolidation as ETH price prepares for its next move. On-balance volume (OBV) remains elevated, printing around 1.24 billion on the 4-hour, confirming consistent spot accumulation through the structure.
Parabolic SAR dots continue trailing below price, showing that the short-term uptrend is still intact,…
The post Ethereum (ETH) Price Prediction for July 24 appeared first on Coin Edition.
Read More