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Ethereum Price Prediction: ETH/USD Seems Ready to Take Off to $250

ETH Price Prediction – July 19

Ethereum price has been up by almost 0.91% over the last 24 hours, and it is currently hovering at around $237.

ETH/USD Market

Key Levels:

Resistance levels: $255, $260, $265

Support levels: $220, $215, $210

ETHUSD – Daily Chart

ETH/USD has been following the bullish trend and did the same yesterday as well. It has made a gain of almost 0.91% and went as high as $238.06 for a moment. However, amidst that, the coin managed to keep its price near $240 for some days. These price fluctuations may not emerge over the next week. Traders can expect Ethereum to prepare itself steadily for a ride towards $250.

Furthermore, the coin started trading upwards from $234, and at the time of writing, the price spotted at $237.93 with having support from the 21-day moving average at $233 and below the channel at $230. On the upside, once the price of Ethereum crosses its nearest resistance at $245, it could manage to trade above $250 price mark in the coming days before reaching the potential resistance at $255, $260, and $265 levels.

However, on the downside, a support point at $230 will be there to minimize the risk of a crash. The RSI (14) for the coin now figures near 55-level, having an inclination towards the bullish move. The critical supports to watch are $220, $215, and $210.

Against BTC, we can see that the price to buy Ethereum is now trading above the 9-day and 21-day moving averages at 2599 SAT. Until this resistance is overcome and the price closes above it, there is no reason the coin couldn’t expect a long-term bullish movement.

ETHBTC – Daily Chart

Meanwhile, a bearish pullback could meet significant support at the 2500 SAT before falling back to 2450 SAT and 2400 SAT, while buyers could continue to push the market to the potential critical resistances of 2700 SAT and 2750 SAT. The RSI (14) is now on the positive side of the market. Another bullish cross could add to the price of the coin while a rejection will reduce the market to lower levels

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      Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management.