ETH price in slow decline

7 Jul 2023

Hi guys, let's review the current situation on Ethereum.

Recantly Ethereum price managed to break 1915-1935 resisnace but it was fake breakout and now it testing 1837-1813 support area again.

It doesn't look good for ETH since it failed to stay above 1935 and almost immediately dropped back under 1900. From the current point of view ETH is more likely to test 1800 than 1900. It might be some correction to 1885 but from there it's likely that price goes down to 1800 and even lower.

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12 Jul 2023

Nota

Ethereum continue to be in a narrow price range between support and resistance area probably waiting for Bitcoin to choose direction.
I still think that ETH price won't manage to break 1915-1935 resistance area but likely will test it.