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Ethereum (ETH) Price Analysis for July 15
The Ethereum (ETH) price is in a precarious situation as the majority of top 10 coins have retreated to the red zone. According to CoinMarketCap, most altcoins have succumbed to the bearish pressure.
As seen on TradingView, Ethereum’s hourly chart shows that there are minimal chances of witnessing sharp moves by tomorrow. The $3,067 resistance level has been reached and the bulls might require some time to replenish their energy for further growth.
From a midterm perspective, the bullish outlook remains intact as long as ETH stays above the crucial $2,857 mark. In this scenario, sideways trading in the range of $2,800-$3,000 is anticipated until the end of the week.
At the time of writing, Ethereum trades at $3,050.
Source: u.today
