Ethereum (ETH) Price Analysis: Ether Fluctuates between $2,150 and $2,320 for a Possible Uptrend

Ethereum (ETH) Price Analysis: Ether Fluctuates between $2,150 and $2,320 for a Possible Uptrend

Key Highlights
Ethereum price rallies to $2,440
The altcoin is likely to resume an uptrend after retracement

Ethereum ETH) Current Statistics
The current price: $2,284.03
Market Capitalization:$267,147,285,450
Trading Volume: $20,213,711,046
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 28, 2021
On July 26, Ethereum rallied to the high of $2,431 but pulled back. The biggest altcoin retraced to the low of $2,150 and resumed an uptrend. Ether price is now retesting the resistance at $2,320 to resume upward. If buyers break the resistance at $2,320, the market will rally to $2,486 high. However, if it faces rejection, ETH/USD will decline to the previous low at $2,220 or $2,145. Today, Ether is retracing after retesting the resistance at level $2.320. If the price breaks below the moving averages the selling pressure will resume.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether price is continuing as it broke above the resistance line of the descending channel. Ether has risen to level 60 of the Relative Strength Index period 14. The coin is in the uptrend zone and has room to rally on the upside. The altcoin is below the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum.

ETH/USD – 4 Hour Chart

Conclusion
In the second uptrend of July 28, Ether is retracing from the $2.320 resistance. The uptrend will resume if it finds support above the 21-day SMA. However, if it breaks below the 21-day SMA, the downtrend will resume. Meanwhile, on July 27 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.618 Fibonacci extensions or level 2486.09

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Ethereum (ETH) Price Analysis: Ether Declines, Faces Rejection at the $2,200

Ethereum (ETH) Price Analysis: Ether Declines, Faces Rejection at the $2,200

Key Highlights
Ethereum price stuck at $2,200
The altcoin is facing rejection


Ethereum ETH) Current Statistics
The current price: $2,125.68
Market Capitalization: $248,907,918,520
Trading Volume: $15,552,790,504
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 25, 2021
On July 24, Ethereum rallied to the high of $2,200 but faces rejection at the recent high. Since July 24, Ethereum has been compelled to a sideways move below the recent high. The selling pressure will resume if the bulls fail to break the resistance level. Besides, the biggest altcoin has reached the overbought region of the market. Ether will resume downward as sellers emerge in the overbought region.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum price has broken above the resistance line of the descending channel. The uptrend will continue if price breaks and closes above the resistance line. Ether is at level 54 of the Relative Strength Index period 14. The coin is in the uptrend zone and above the centerline 50. The crypto is above the 80% range of the daily stochastic. It indicates that the coin has reached the overbought region of the market. The implication is that sellers are likely to emerge in the overbought region.

ETH/USD – 4 Hour Chart

Conclusion
The biggest altcoin is likely to fall as the market reaches the overbought of the market. Meanwhile, on July 24 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.618 Fibonacci extensions or level 2047.43

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Ethereum (ETH) Price Analysis: Ether Makes Upward Correction to $1,915 High, Downtrend Likely

Ethereum (ETH) Price Analysis: Ether Makes Upward Correction to $1,915 High, Downtrend Likely

Key Highlights
Ethereum price corrected upward to $1,915
The altcoin may resume selling pressure


Ethereum ETH) Current Statistics
The current price: $1,904.81
Market Capitalization : $222,445,288,235
Trading Volume: $222,445,288,235
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 20, 2021
Following the bearish trend on July 20, Ether fell to $1,730 low and resumed an upward correction. Today, the upward correction has reached the high of $1,915.90 but it is facing resistance at the recent high. Presently, the upward move is doubtful as Ether reaches the overbought region of the market. Meanwhile, on July 20 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions . That is at level $1,600.67.

Daily Chart

ETH Technical Indicators Reading
Ether is at level 44 of the Relative Strength Index period 14. The coin is in the downtrend zone and below the centerline 50. Ether is above the 80% range of the daily stochastic. It indicates that the coin has reached the overbought region of the market. The implication is that sellers are likely to emerge in the overbought region. The 21-day and 50-day SMAs are sloping down indicating the downtrend.

4 Hour Chart

Conclusion
Ethereum has been correcting upward as price breaks above the moving averages. On the 4 hour chart, Ether is facing rejection at the 50-day SMA. Meanwhile, on July 20 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.0 Fibonacci extensions . That is level $1,677. 79.

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Ethereum (ETH) Price Analysis: Ether Hovers Above $1, 860, Downtrend Is Likely

Ethereum (ETH) Price Analysis: Ether Hovers Above $1, 860, Downtrend Is Likely

Key Highlights
Ethereum hovers above $1,860
The biggest altcoin may resume selling pressure

Ethereum ETH) Current Statistics
The current price: $1,887.75
Market Capitalization:$218,682,298,326
Trading Volume: $12,916,256,319
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 18, 2021
Ethereum is in a downward move as price hovers above the previous low at $1,755. The selling pressure is likely to resume if price breaks below the previous low. The biggest altcoin is trading marginally because of the presence of small body candlesticks called Doji. Meanwhile, on June 12 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.0 Fibonacci extensions . That is at level $1,621.30. From the price action, the market is hovering above $1,860l.

ETH/USD – DFaily Cjhart

ETH Technical Indicators Reading
Ether is at level 40 of the Relative Strength Index period 14. The coin is in the downtrend zone and below the centerline 50. Ether is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. The implication is that buyers are likely to emerge in the oversold region.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is likely to resume a fresh downward move as the altcoin faces rejection at $2,9. Meanwhile, on July 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is level $1,677. 79.

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Ethereum (ETH) Price Analysis: Ether Recovers above $1,900, an Upward Move Likely

Ethereum (ETH) Price Analysis: Ether Recovers above $1,900, an Upward Move Likely

Key Highlights
Ethereum reaches $1,863 low and pulled back
The biggest altcoin has resumed an uptrend

Ethereum ETH) Current Statistics
The current price: $1,944.26
Market Capitalization:$226,595,023,679
Trading Volume: $17,616,407,906
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 14, 2021
Today, Ethereum reached the low of $1,863 as bulls bought the dips. For the past week, the biggest altcoin has been in a downward move. This was after the rejection at the $2,400 high. Today, the market is showing some bullish signals for a possible uptrend. Meanwhile, on July 9 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is at level $1,945.69. From the price action, the market has shown bullish signals for a possible reversal.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 40 of the Relative Strength Index period 14. The coin is in the downtrend zone and below the centerline 50. The crypto is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. The implication is that buyers are likely to emerge in the oversold region.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum has resumed consolidation above the $1,900 support as price resumes upward. On the 4 hour chart, Ether fell to the oversold as buyers emerge. Meanwhile, on July 8 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is level $1,951.04. From the price action, the market has bullish signals for a possible reversal.

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Ethereum (ETH) Price Analysis: Ether Consolidates Above $2,060, Resumes Uptrend

Ethereum (ETH) Price Analysis: Ether Consolidates Above $2,060, Resumes Uptrend

Key Highlights
Ethereum plunges to $2,060 support
The biggest altcoin has resumed an upward move

Ethereum ETH) Current Statistics
The current price: $2,128.92
Market Capitalization: $248,334,148,450
Trading Volume: $15,655,182,665
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 11, 2021
Since July 8, Ether plunged to $2,082 and resumed consolidation above the $2,060 support. The biggest altcoin has reached bearish exhaustion above the $2,020 support. Bullish candlesticks are indicating a possible upward of the crypto. Meanwhile, on July 5 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 2.0 Fibonacci extensions or level $3,049.52. From the price action, the market is consolidating above $2,100 support for a possible upward move.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 45 of the Relative Strength Index period 14. The crypto is in the downtrend zone and below the centerline 50. The crypto is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum will regain bullish momentum if the current support holds Meanwhile, on July 9 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 2.618 Fibonacci extension or level $2,394.63. From the price action, Ether has risen to $2,119 after consolidating above the current support for the past two days.


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Ethereum London Hard Fork Set to Launch in August

Ethereum London Hard Fork Set to Launch in August

Ethereum’s London hard fork is arguably the most-anticipated upgrade on the Ethereum (ETH) network since the implementation of the Berlin fork. The London fork complements the ETH 2.0 network transition, which would switch the ETH blockchain from a proof-of-work consensus mechanism to a proof-of-stake.

Reports show that the London hard fork comes with three Ethereum testnets. That said, now that the implementations were successful following adaptations to testnet Goerli and Ropsten, pull request #223 got officially merged.

Tim Beiko, a community manager at Ethereum Foundation, noted that:

“This pull request proposes block 12965000 for the mainnet activation of the London network upgrade,” explained Ethereum core developer Tim Beiko. “The ETA for this block should be between 13:00 UTC and 17:00 UTC on August 4, 2021. We had agreed on ACD116 to decide the block async and try [to] get client releases done for ACD117 (July 9).”

“If we can roughly hit that timeline, then August 4 should provide enough time to advertise the client releases that are mainnet compatible and allow infrastructure providers [and] node operators to upgrade.”

Moving on, the most significant changes coming to the ETH blockchain include EIP-1559 and EIP-3354. EIP-1559 would adjust Ethereum’s free rate to a new scheme that makes Ether a deflationary asset.

Key Ethereum Levels to Watch — July 9

Following a sharp correction yesterday from the $2,300 area to the $2,050 level, Ethereum is now on a rebound and has regained half of yesterday’s loss. This correction got triggered by the emergence of a double top pattern on our 4-hour chart on Wednesday.

ETHUSD – 4-Hour Chart

As we head into the weekend, which is typically bearish for the crypto market for some months now, ETH needs to get above the $2,200 resistance in the coming hours. Prolonged consolidation below this support line could trigger a drop to the $2k psychological support.

Meanwhile, our resistance levels are $2,400, $2,480, and $2,570, and our support levels are $2,300, $2,200, and $2,100.

Total Market Capitalization: $1.40 trillion

Ethereum Market Capitalization: $251.6 billion

Ethereum Dominance: 17.9%

Market Rank: #2

 

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Ethereum (ETH) Price Analysis: Ether Reaches the Overbought Region at $2,400 as Selling Pressure Resumes.

Ethereum (ETH) Price Analysis: Ether Reaches the Overbought Region at $2,400 as Selling Pressure Resumes.

Key Highlights
Ethereum bulls face rejection at recent high
The biggest altcoin has reached an overbought region of the market

Ethereum ETH) Current Statistics
The current price: $2,345.74
Market Capitalization: $273,406,230,919
Trading Volume: $23,554,898,278
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 7, 2021
Since July 2, Ethereum has been making positive moves. Today, the market has risen to the high of $2,409. Presently, the upward move is facing resistance at the recent high. On July 4, Ether was repelled at the recent high as the crypto plunged to $2,160 low. The market resumes upward to retest the recent high. Meanwhile, on June 30 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.272 Fibonacci extension and reverse. That is the high of $2,457.85. From the price action, the market has reached a high of $2,409 and it is falling.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 53 of the Relative Strength Index period 14. The crypto is in the uptrend zone and above the centerline 50. The crypto is above the 80% range of the daily stochastic. It indicates that the coin is in the overbought region of the market. Sellers have already emerged to push prices down.

ETH/USD – 4 Hour Chart

Conclusion
On the 4 hour chart, Ethereum is rising on the upside. The bulls retested the $2,409 resistance zone and were repelled. Presently, Ether is falling after testing the resistance zone. Meanwhile, on June 29 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.272 Fibonacci extension and reverse. That is the high of $2,379.99.


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Sygnum Bank Debuts on ETH 2.0 Staking Platform Ahead of Upgrade

Sygnum Bank Debuts on ETH 2.0 Staking Platform Ahead of Upgrade

In November last year, Sygnum Bank AG noted that it had partnered with Taurus Group, a firm in relation with SEBA bank and other prominent Swiss fintech services, to offer customers crypto stalking accounts. At the time, the staking accounts would leverage on the Tezos network, a proof-of-stake platform.

However, with the ETH 2.0 upgrade just around the corner, Sygnum has announced that customers can now stake on the Ethereum network. Sygnum prides itself as the first FINMA-approved bank to debut on the ETH 2.0 staking space.

The head of business units at Sygnum Bank, Thomas Eichenberger, noted that:

“Ethereum is the second-largest blockchain protocol, and ethereum staking is a core element for digital asset portfolios which can now be accessed in a convenient, secure and regulated setting.”

“This further expands Sygnum’s offering of attractive, regulated yield generating products to meet the needs of clients to accumulate other forms of return in addition to capital appreciation.”

Sygnum Bank Sitting on a Potential $40 Billion Market

Sygnum Bank’s ETH 2.0 foray comes a week after banking behemoth JP Morgan noted that the staking industry was a sector to anticipate. JPM estimated that with the ETH 2.0 launch, the staking sector could become a $40 billion market by 2025.

The head of accounts and custody, Thomas Brunner, noted that “staking is a compelling choice for long-term investors in Ethereum.” The executive added that Sygnum clients can “benefit from potentially higher staking rewards now.”

Meanwhile, reports and statistics show that the ETH 2.0 deposit contract has now exceeded 6 million Ether, making ETH one of the most leveraged staking networks in the world. The deposit contract allows users to stake ETH in the ETH 2.0 phase 0 beacon chain.

 

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Ethereum (ETH) Price Analysis: Ether Upward Move Likely Breaks above the $2240 High

Ethereum (ETH) Price Analysis: Ether Upward Move Likely Breaks above the $2240 High

Key Highlights
Ethereum bulls break resistance at $2.240
The biggest altcoin has reached an overbought region of the market

Ethereum ETH) Current Statistics
The current price: $2,314.48
Market Capitalization: $269,566,723,335
Trading Volume: $269,566,723,335
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 4, 2021
Ethereum has been making positive moves for the past three days. The bulls have broken the previous high of $2,240 and it is making a pullback. If ETH price retraces to retest the previous high the uptrend is likely to resume. On the other hand, if the bears break below the previous high, the selling pressure will continue on the downside. Meanwhile, on June 30 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.272 Fibonacci extension and reverse. That is the high of $2,430.65.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The altcoin is at level 52 of the Relative Strength Index period 14. The crypto is in the uptrend zone and above the centerline 50. Ether price is above the 80% range of the daily stochastic. This implies that the biggest altcoin has reached the overbought region of the market. Sellers are likely to emerge. Ether is falling because of the overbought condition of the market.

ETH/USD – 4 Hour Chart

Conclusion
On the 4 hour Chart, Ethereum has resumed its upward move. Ethereum was repelled twice at the $2,240 resistance. Today, the bulls have breached the resistance as the altcoin reached the high of $2,346. The market is declining to retest the previous high. Meanwhile, on June 29 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.272 Fibonacci extension and reverse. That is the high of $2,460.47



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