Home » News » Ethereum Price Prediction for Today, July 5: ETH Regains Strength, Price Hits $1,166 Level

Ethereum Price Prediction for Today, July 5: ETH Regains Strength, Price Hits $1,166 Level

The Ethereum price prediction shows that ETH is gaining more strength as the coin crosses above the moving averages.

Ethereum Prediction Statistics Data:

Ethereum price now – $1,155
Ethereum market cap – $140.6 billion
Ethereum circulating supply – 121.4 million
Ethereum total supply – 121.4 million
Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $2000, $2100, $2200

Support levels: $400, $300, $2000

ETH/USD is likely to refresh to the upside as the coin currently trades at $1,155 with a bullish crossover and trend intraday. Today, the Ethereum price is likely to stay above 9-day and 21-day moving averages as the higher resistance may come in the next positive direction.

Ethereum Price Prediction: Ethereum Price May Spike to the Upside

The Ethereum price is likely to increase the bullish movement if the price moves toward the upper boundary of the channel. At the moment, the technical indicator Relative Strength Index (14) is moving above the 40-level, and it could send bullish signals into the market to encourage more buyers.

However, if the 9-day moving average stays above the 21-day moving average, it is for the confirmation that the coin will face the north, and the price could hit the nearest resistance levels at $2000, $2100, and $2200 respectively. On the contrary, if the technical indicator Relative Strength Index (14) drops below the 40-level, there may be a little retreat to the south, which could bring the market price to the support levels of $400, $300, and $200.

Against Bitcoin, Ethereum (ETH) stays above the 9-day and 21-day moving averages as the price heads to the upside. Therefore, the fact that the market remains in the descending channel, the crypto is likely to form a bullish movement as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

ETHBTC – Daily Chart

However, if the buyers push the market price towards the upper boundary of the channel, the Ethereum price may touch the resistance level of 6600 SAT and above. Meanwhile, traders should watch out for any strong selling pressure which could bring the price below the lower boundary of the channel, this could attract new sellers coming into the market with the next focus on the support level of 4800 SAT and below.

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