Ethereum Is Stuck in a Range as It Faces a Slide to a $3,000 Low

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Ethereum (ETH) Current Statistics
The current price: $3,448.72
Market Capitalization: $414,524,725,545
Trading Volume: $10,214,441,895
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis July 2, 2024
Ethereum trades below the moving average lines as it faces a slide to a $3,000 low Following the price drop on June 24, the bulls bought dips and held above the $3,300 support. On June 27 and July 1, buyers attempted to keep the price above the moving average lines but were unsuccessful.

On the upside, Ether will rise to $3,730 if buyers successfully cross the moving average lines. Today, Ether is retracing due to the rejection of the moving average lines. The lengthy candlestick wick on July 1 suggests significant selling pressure near the morning average lines.

According to the price prediction, ETH/USD will fall to the lows of $3,200 and $3,000 if rejected at the moving average lines.

Ethereum Is Stuck in a Range as It Faces a Slide to a $3,000 Low
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is fluctuating below the moving average lines. The upward move is being hindered by the resistance at the 21-day SMA. In addition, on the daily chart, the moving average lines have a bearish crossover where the 21-day SMA crosses below the 50-day SMA. This indicates a possible decline of the cryptocurrency.

Conclusion
 Ether has continued to fluctuate below the moving average lines as it faces a slide to a $3,000 low. The price movement has remained stationary due to the existence of Doji candlesticks. Today, the crypto’s price is rising to retest the moving average lines.

The upward move has been hampered by the moving average lines or the resistance at $3,556. In the meantime, the crypto signal is negative since the altcoin is stuck at the moving average lines.

Ethereum Is Stuck in a Range as It Faces a Slide to a $3,000 Low
ETH/USD – 4 Hour Chart

You can purchase Lucky Block here. Buy LBLOCK

Note: Learn2.Trade is not a financial advisor.  Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *