Ethereum

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Most of the coins are far from a reversal, according to <a href="https://u.today/xrp-price-prediction-for-july-4" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="dc414c1e-e7d9-4d5c-b7c3-4a20a8ae2c89" src="https://u.today/sites/default/files/inline-images/top10_1217.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has dropped by 5.29% since yesterday. <img data-entity-type="file" data-entity-uuid="cbbfca65-ddba-40c0-9978-04ee604aa333" src="https://u.today/sites/default/files/inline-images/ethj1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ETH is in the middle of the local channel, between the support of $2,809 and the resistance of $3,108. As most of the ATR has been passed, there are low chances to expect any sharp moves until the end of the day. <img data-entity-type="file" data-entity-uuid="ad3a6922-0acc-4c3e-9ae3-c2ad2b32be53" src="https://u.today/sites/default/files/inline-images/eth2_129.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price of the main altcoin has made a false breakout of the support level of $2,814. At the moment, one should pay attention to the bar's closure.&nbsp;
If it happens closer to $3,000, bulls might seize the initiative, which can lead to a rise to the $3,100 mark. <img data-entity-type="file" data-entity-uuid="8c771344-20af-4517-84ef-c80ef7ec430f" src="https://u.today/sites/default/files/inline-images/eth3_117.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, traders should focus on the weekly candle closure. If it happens near the bar's low, there is a possibility of seeing a support breakout, followed by a blast to the $2,600 zone.
Ethereum is trading at $2,984 at press time.

Ethereum (ETH) Price Prediction for July 5

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