Just as the Ethereum analysis was starting to gain some upwards momentum, things turned around just ahead of the European session. It would appear we have ourselves a bearish tendency shaping up for the Ethereum July 2020 forecast. And it seems to be a universal trend happening across all cryptocurrencies at the moment.
June has already seen the Ethereum price analysis test the resistance level of $250 twice already. And if that doesn’t say resilience, nothing does. However, having swung below the Ethereum price target of $230, where support was still very strong last week, we are likely to see a continuation in this downward trend. The Ethereum price is currently relying on the $225 support level. But if it fails to hold, then the next Ethereum news will likely be of the cryptocurrency finding support all the way down at $215.
Watch the full video for our take on the Ethereum price analysis July 2020 and a deeper insight into what to expect from the cryptocurrency in the weeks ahead. And drop us a line in the comments with your thoughts on our Ethereum price prediction.
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