Ethereum Technical Analysis: ETH’s Bullish Momentum Continues Amid Uptrend
As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion.
As of July 15, 2024, Ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion, ether has demonstrated strong performance over recent trading sessions.
Ethereum
The 1-hour chart illustrates ethereum’s short-term uptrend, moving from a low of $3,171 to a high of $3,374. Key support levels are identified at $3,300 and $3,171, while resistance is established at $3,374 per ETH. Despite minor corrections and consolidations marked by downturns, the overall direction remains upward, supported by volume peaks during significant price movements.
Examining the 4-hour chart, a clear uptrend is evident since July 10, with ethereum rising from $3,024 to $3,374. Immediate support is found at $3,250, with resistance at $3,374. The formation of consecutive upswings with higher highs and lows indicates strong bullish momentum. Although occasional pullbacks occur, the general trend is upward, reinforced by volume spikes during price increases.
