Ethereum Price Prediction for Today, July 23: ETH May Slide Below $1500 Support ByAzeez MustaphaPRO INVESTOR Updated: 23 July 2022 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 The Ethereum price prediction reveals that ETH faces key support as the market price follows the downward movement. Ethereum Prediction Statistics Data: Ethereum price now – $1519 Ethereum market cap – $182.5 billion Ethereum circulating supply – 121.6 million Ethereum total supply – 121.6 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $2300, $2500, $2700 Support levels: $800, $600, $400 Buy Ethereum Now As the market opens today, after touching the resistance level of $1596, ETH/USD drops with a bearish bias. The coin opens at $1535, and it is currently dropping towards the support level of $1500 around the 9-day moving average. Ethereum Price Prediction: Ethereum Price May Face the South The Ethereum price is likely to break to the downside, and it is likely to break down heavily to gain more downtrends. However, ETH/USD prepares to cross below the 9-day moving average if the bears are increasing more pressure. Therefore, should it slide below the 21-day moving average, the critical support levels of $800, $600, and $400 may be tested as the technical indicator Relative Strength Index (14) moves to cross below the 60-level. Meanwhile, ETH/USD could either recover towards the upper boundary of the channel or extend its decline towards the support level of $1500. Meanwhile, the price needs to stay above the moving averages to hit the resistance levels of $2300, $2500, and $2700. If not, there is a risk of more downsides below the channel. When compared with Bitcoin, the daily chart reveals that the Ethereum price is hovering above the 9-day and 21-day moving averages. If the price begins a bullish movement, there is a possibility that the coin may cross above the upper boundary of the channel. The next resistance key may be located at the 7500 SAT level. If the price rises, it could even break the 8000 SAT and above. ETHBTC – Daily Chart However, if the price slide below the 21-day moving average, the bearish movement could roll the coin to the critical support at 6000 SAT and below. The Relative Strength Index (14) still remains below 70-level, suggesting sideways movement. Read more: How to buy Ethereum How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage