Ethereum Price Prediction: After Touching the Low of $236, ETH/USD Pulls Back To $240

ETH Price Prediction – July 14

Ethereum (ETH) breaks above $240; a stronger retest of previous resistance is expected.

ETH/USD Market

Key Levels:

Resistance levels: $260, $270, $280

Support levels: $220, $210, $200

ETHUSD – Daily Chart

At the time of writing, despite the downside correction, ETH/USD is still nearly 0.51{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} higher on a day-to-day basis. At the moment, Ethereum (ETH) is trading at $240.65 while testing a 9-day moving average. However, the value of the crypto is growing slowly after opening the session at $238.86 today.

However, the initial support is created below the lower boundary of the channel at $232. Once this is eliminated, the sell-off may increase with the next focus on the $225 level. If this support level drops, the downward momentum could begin to snowball and the next downside target to $220, $210, and $200.

Moreover, as the daily chart reveals, the bulls must realize … Read more