Ethereum Price Analysis: ETH Maintains Bullish Momentum in Strong Uptrend
As of July 15, 2024, ethereum (ETH) continues its bullish trend, trading at $3,341 with a market cap of $401 billion.
On the 1-hour chart, ETH shows an upward movement from $3,171 to $3,374, supported by key levels at $3,300 and $3,171, with resistance at $3,374. Despite minor corrections, the overall trajectory remains positive, backed by volume spikes during significant price increases. The 4-hour chart confirms this uptrend since July 10, with ethereum rising from $3,024 to $3,374, finding support at $3,250 and resistance at $3,374.
The daily chart reflects a recovery phase from a low of $2,803, indicating strong bullish sentiment with notable price movements and volume spikes. While most oscillators suggest a neutral market stance, momentum indicators like the MACD signal potential for further upward movement. Overall, moving averages across various periods reinforce a bullish outlook for ethereum.
Clever Robot News Desk 16th July 2024
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