Ethereum

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Even though the day has started positively for the <a href="https://u.today/binance-coin-bnb-price-analysis-for-july-18" rel="noopener noreferrer nofollow">cryptocurrency market</a>, most of the coins have come back to the red zone. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="1418ab22-9223-4b68-8425-cdc763d68602" src="https://u.today/sites/default/files/inline-images/top10_554.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="eth-usd">ETH/USD</h2> 
The rate of Ethereum (ETH) has fallen by 0.38% over the last 24 hours. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="08b3b12e-1639-4891-a125-5da95b81bb50" src="https://u.today/sites/default/files/inline-images/eth1_73.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of Ethereum (ETH) has come back to the local support level at $1,884. Almost all of the growth has been absorbed by one candle. If the decline continues, the breakout may lead to the test of the $1,870 zone shortly. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="d1f83ef1-dcd4-4de7-b4d8-65764d9f056d" src="https://u.today/sites/default/files/inline-images/eth2_78.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the price of Ethereum (ETH) has once again failed to fix above the $1,900 zone. If nothing changes by the end of the day, the drop may continue to the $1,840 area. Such a scenario is relevant until the end of the week. 
<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="e55a12bb-88c9-4df9-b533-21cd7a5b6d9e" src="https://u.today/sites/default/files/inline-images/eth3_72.png"> 
Image by <a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, none of the sides has seized the initiative, which means that ETH is likely to keep trading sideways to accumulate more energy for a sharp move. 
<a href="https://u.today/cardano-ada-price-analysis-for-july-18" rel="noopener noreferrer nofollow">card</a> 
Further growth is possible only if the rate gets back to the $2,000 zone and fixes above it. 
Ethereum is trading at $1,890 at press time.

Ethereum (ETH) Price Analysis for July 20

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