Ethereum (ETHUSD) Shows Potential for Future Growth

Ethereum (ETHUSD) Price Forecast: July 30

The ETHUSD price will likely extend its bullish rally, with growth potential fueled by the ionic upgrade and strong market sentiment.

A purchasing signal for coin holders appears as the pair maintains momentum and strength above the $3,850 resistance. If bulls push through the $3,941.86 resistance, the price could advance to the upper trend line at $3,980, marking a significant turnaround for holders.

Key Levels:
Resistance Levels: $3,700, $3,800, $3,900
Support Levels:   $1,472, $1,471, $1,470

ETH (USD) Long-term Trend: Bullish (Daily Chart)

The long-term market value of Ethereum is rising and shows potential for future growth in its higher time frame.
The crypto is moving in a bullish direction above the moving average line, as can be seen from the chart below.

In the last session, the pair reached and held the $3,873.92 resistance level. This has made it possible for the coin to show potential for future growth in its recent high.

Today’s daily bullish candle at the $3,941.86 supply value above the supply trend lines confirms the bulls’ dominance in the market.

This breakdown could extend the current correction to a higher level and quicken the positive momentum.

Notably, the coin remains in an uptrend on the daily signal, suggesting that the ETHUSD price may continue to show potential for future growth by increasing in-market size through the activities of the bulls on the crypto.

In this case, the price of Ethereum could jump up to hit the $3,950 supply mark sooner in its long-term outlook.

ETH (USD) Medium-term Trend: Bullish (4H Chart)

The Ethereum price can be seen progressing upward and also shows potential for future growth in its lower-term outlook.
The sustained bullish pressure at the $3,873.92 level during the past session has made it possible for the buy investors to retain the strength in recent times.

The price finds a reliable resistance at $3,941.86 value above the moving averages as the 4-hourly session begins today, resulting in intraday gains.

A strong push by the long traders above the current resistance point with a candle closing could signify a shift in the market dynamics.

Such a breakthrough would provide an opportunity for buyers to regain control and show potential for future growth on ETHUSD.

Additionally, the market is pointing up on the daily stochastic; indicating that the Ethereum market is open for future growth.

In light of this, the coin price might hit the $3,950 supply trend mark, registering a buy signal for coin traders soon in its medium-term time frame.

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