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Ethereum Price Analysis — July 18
ETH has enjoyed a steady bullish recovery over the past few days after ETH developer Superphiz confirmed a possible launch date for the Merge network upgrade. The second-largest cryptocurrency tapped the $1,500 mark for the first time since early June, after a prolonged consolidation between $1,265 and $1,000.
The cryptocurrency has acquired a clear-cut trendline, guiding it toward previous highs. That said, a correction from the current level will likely be stalled by the trendline around the $1,400 level. More bullish moves are likely in the coming days barring any damaging macroeconomic development.
Meanwhile, my resistance levels are $1,500, $1,600, and $1,700, and my support levels are $1,400, $1,300, and $1,265.
Total Market Capitalization: $1.01 trillion
Ethereum Market Capitalization: $178.9 billion
Ethereum Dominance: 17.7%
Market Rank: #2
The cryptocurrency has acquired a clear-cut trendline, guiding it toward previous highs. That said, a correction from the current level will likely be stalled by the trendline around the $1,400 level. More bullish moves are likely in the coming days barring any damaging macroeconomic development.
Meanwhile, my resistance levels are $1,500, $1,600, and $1,700, and my support levels are $1,400, $1,300, and $1,265.
Total Market Capitalization: $1.01 trillion
Ethereum Market Capitalization: $178.9 billion
Ethereum Dominance: 17.7%
Market Rank: #2
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