Ethereum Price Prediction: ETH/USD Poises to Resume Uptrend ByAzeez MustaphaPRO INVESTOR Updated: 23 July 2021 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 Ethereum Price Prediction – July 22 The Ethereum price is trying to keep its upward movement by crossing above the upper boundary of the channel. ETH/USD Market Key Levels: Resistance levels: $2400, $2600, $2800 Support levels: $1600, $1400, $1200 ETHUSD – Daily Chart Buy Ethereum Now Since the beginning of July, ETH/USD has been facing a downward trend, trading below the 9-day and 21-day moving averages. The daily chart reveals that the coin pushes above the 21-day moving average today from the opening price of $1996 level to reach the daily high at $2046, before coming back to where it is currently trading at $2024. Ethereum Price Prediction: Ethereum (ETH) May Create A New Trend As revealed by the daily chart, the Ethereum price is moving towards the upside as the coin makes an attempt to cross above the upper boundary of the channel. Meanwhile, ETH/USD remains in a bullish position despite being predictably rejected from the resistance level of $2046. However, as long as the Ethereum (ETH) continues to trade within the 9-day 21-day MAs, it presents more of a chance of upward movement; although a break below it may signal a new bearish phase in the market. Therefore, if we could see a tremendous climb above the 21-day MA which is fast approaching; it may likely reach the resistance at $2400, $2600, and $2800 levels. Meanwhile, dropping below the 9-day moving average may reach the critical support levels of $1600, $1400, and $1200 respectively while the technical indicator Relative Strength Index (14) moves toward 50-level. When compared with Bitcoin, Ethereum is following a bullish sentiment and it’s about to break above the 9-day moving average. The coin has been suffering from a strong buying power as the bulls are trying to gain momentum as the sellers may release huge pressure on the market. For now, Ethereum is trading around 6261 SAT which is within the middle boundary of the channel. ETHBTC – Daily Chart Currently, the technical indicator Relative Strength Index (14) is moving above 50-level. If the bulls manage to find resistance at this level, an upward movement could push the price to the 6900 SAT and potentially 7100 SAT resistance levels. But, a push below the 9-day MA could lead the market price to the support of 5700 SAT and below. Looking to buy or trade Ethereum (ETH) now? Invest at eToro! Buy Ethereum Now 75% of retail investor accounts lose money when trading CFDs with this provider Join Our Telegram channel to stay up to date on breaking news coverage