Check out this July forecast for Ethereum.
This is an opinion piece clearly, what is written doesn’t mean ETH/USD will do as I say, in fact it may do the exact opposite. that ETH/USD has suffered from is still in full effect. Unless much higher levels of resistance are toppled and the value of ETH/USD soars to a height it hasn’t seen since April 2022 when Ethereum was trading near 3500.00, there will still be some holders of ETH/USD likely underwater taking into consideration their long term trading results.
If the current price of ETH/USD falls below the 1200.00 in the near term this will not be a positive sign, particularly if it cannot climb back above the 1200.00 in a healthy manner and sustain value. . If this juncture were to look weak and Ethereum continues to see a selloff, then December 2020 support could evaporate and a price of around 660.00 could be tested. This is not written to scare or entice speculators; it is simply an interpretation of technical charts and taking into consideration current market sentiment via my perceptions.
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