Ethereum Price Prediction: After a Sharp Move, Ethereum Remains on the Downside at $230 ByAzeez MustaphaPRO INVESTOR Updated: 17 July 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage ETH Price Prediction – July 17 ETH/USD is approaching a crucial support level and the coin must hold the $235 support to climb towards $250. ETH/USD Market Key Levels: Resistance levels: $260, $265, $270 Support levels: $220, $215, $210 ETHUSD – Daily Chart ETH/USD is trading down 0.14% at its current price of $233.08, which marks a notable decline from its daily high of $235 that was set today when the bulls attempted to spark another rally. In the near-term, ETH/USD has been able to find some support in the lower $230 level, as it has bounced multiple times after visiting this level. However, the price of the Ethereum has been bitten by the bears several times. ETH/USD may continue to experience a price drop as many traders were expecting a lot from the coin. Meanwhile, the price is currently moving under the 9-day and above the 21-day moving averages which are yet to break out to the upside or downside of the channel. However, a bearish drop may likely roll the market down to the support level of $220, $215, and $210 as the stochastic RSI focuses on the south while possible bullish surge above the moving averages may drive the market to $250 level, further positive movement may hit the potential resistance at $305, $310 and $315 levels. The RSI (14) moves above 60-level and staying there could cause the coin to remain above the $258 support level. Watching it against Bitcoin, the price action appears to be in a downtrend, following the recent low break scenario owing to Bitcoin’s fall. Few of the top 20 coins suffered a double-drop than the leading global currency. Currently, ETH price is trading at 2546 SAT price level. ETHBTC – Daily Chart Nevertheless, ETH/BTC has been trending around the 21-day MA and it may likely break below the channel to touch the support of $2450 and below. Meanwhile, a retracement could hit 2531 SAT, re-testing yesterday’s lower. Still, the major resistance level is 2650 SAT and above. The technical indicator RSI (14) is already touching 50-level which is a sign of selling pressure Join Our Telegram channel to stay up to date on breaking news coverage