• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Ethereum price climbed to a new July high this morning

by July 17, 2024
written by July 17, 2024

Ethereum price climbed to a new July high this morning

The price of Ethereum rose this morning to a new weekly high at the $3517 level. 

Ethereum chart analysis

The price of Ethereum rose this morning to a new weekly high at the $3517 level. The previous time we were at that level was on the first of July. Yesterday, we had short-term instability and a price pullback to the $3350 level. With the support of the EMA 50 moving average, a new positive consolidation was initiated. The EMA 50, a widely used technical indicator, helped to confirm the upward trend, which took us to the weekly high today.

We have enough momentum for now and are staying at the $3500 level. We need a new impulse that would push us to a new weekly high and thereby confirm the continuation of the bullish scenario. Potential higher targets are $3525 and $3550 levels. With this, we will return to the movement zone starting in June, and for now, everything indicates that we will see a continuation on the bullish side.

 

A price of $3500 could be a good springboard for a bigger recovery.

For a bearish option, we need a pullback of the Ethereum price to the $3450 level. There, we will test the daily open price. If we fail to hold above, we will see the formation of a new daily low, which could threaten the previous bullish formation. At $3400, we encounter the EMA 50 moving average, which could stop further declines like yesterday.

If it fails to do so, the impulse of the price below to a new lower low will follow. This will increase the bearish pressure on the price of Ethereum to go further in search of new support. Potential lower targets are $3375 and $3350 levels. The EMA 200 moving average is in the zone of $3250 levels.

 

The post Ethereum price climbed to a new July high this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The price of Bitcoin is climbing above $66000 this week
next post
SafeMoon and Litecoin: Litecoin moves to a new weekly high

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Walz blasted for huddling with George Soros’ son at NYC luxury apartment: ‘Billionaire nepo baby’

    September 25, 2024
  • EURUSD and GBPUSD: The Euro managed to start a recovery

    September 2, 2024
  • JD Vance calls out Harris donor who doubled down on Biden’s ‘garbage’ comment

    October 30, 2024
  • Trump says he wants to protect women, Harris says Trump wants to decide ‘what you do with your body’

    October 31, 2024
  • ‘I’ve never seen this’: Top Republican details level of Secret Service ‘lack of cooperation’

    September 19, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,498)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Comey to be arraigned in federal court after being indicted for alleged false statements, obstruction

    October 8, 2025
  • Bitcoin continues to drop to a new weekly low

    September 4, 2024
  • Asian markets open: Stocks surge as Trump eases Fed firing threat, trade hopes build

    April 23, 2025

Recent Posts

  • Top Trump ally predicts Senate will blow past ‘big, beautiful bill’ deadline

    June 19, 2025
  • Harris brings in big bucks in 24 hours after debate with Trump

    September 13, 2024
  • Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

    August 29, 2024

Editor’s Pick

  • GOP outperformed Dems on voter registration in key battleground states, new analysis reveals

    May 21, 2025
  • Trump admin to send workers abroad to boost US shipbuilding, counter China’s edge

    September 4, 2025
  • ‘Utter disaster’: Lindsey Graham calls for Zelenskyy resignation after White House throwdown

    February 28, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock