RATE Group | Ethereum Price Forecast: Ether At Major Crossroads
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Ethereum Price Forecast: Ether At Major Crossroads

21 Jul Ethereum Price Forecast: Ether At Major Crossroads

Posted at 01:50h in Ethereum News by

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Ether’s price is approaching crucial supports against the US dollar and bitcoin. ETH/USD could trade higher if it succeeds in clearing $465.00 and $480.00.

Key Highlights

Ether’s price remained under pressure below the $480.00 pivot level against the US dollar.

A significant support is formed above $450.00 on the 2-hour chart of ETH/USD.

ETH/BTC extended declines and is approaching a key support at 0.0600BTC.

Technically, the 2-hour chart indicators are slowly declining in the bearish territory.

Ether Price Analysis

Ether faced an increased selling pressure and declined below the $460.00 support area. However, losses were limited and ETH/USD moved back above $460.00.

ETH/BTC remained in a bearish zone and declined below the 0.0620BTC support. The pair is under a lot of bearish pressure and it could trade toward the next significant support at 0.0600BTC.

Ethereum Price Analysis Chart

Looking at the 2-hour chart of ETH/USD, the pair fell sharply and settled below the $480.00 pivot level. There was also a break…

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