Ethereum

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 Cover image via <a href="https://u.today/">U.Today</a>
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Bulls do not seem ready for a continued upward move, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-july-11">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="280743ad-9655-4361-8e6b-281aa63aacbc" src="https://u.today/sites/default/files/inline-images/top10_1230.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has fallen by 1.66% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="f29c1d0b-8b26-4143-9b12-19f686ffb8bc" src="https://u.today/sites/default/files/inline-images/eth1_123.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
On the hourly chart, the rate of ETH remains bearish as it is coming back to the local support level of $3,055. If the situation does not change by the end of the day, one can expect a breakout to the $3,000 zone.
<img data-entity-type="file" data-entity-uuid="cb0ab302-0898-482e-ab00-e0e458d231f8" src="https://u.today/sites/default/files/inline-images/eth2_130.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
On the bigger time frame, one should pay attention to yesterday's bar's low. If the candle closes near it or below, the fall may continue to the vital area of $3,000 shortly.
<img data-entity-type="file" data-entity-uuid="56909b23-3ca1-4c27-813f-c98ac944f6b4" src="https://u.today/sites/default/files/inline-images/eth3_119.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
From the midterm point of view, the rate of ETH is far from key levels, which means neither buyers nor sellers are ready for a sharp move.
In this case, ongoing sideways trading in the zone of $2,900-$3,100 is the more likely scenario.
Ethereum is trading at $3,074 at press time.

Ethereum (ETH) Price Prediction for July 12

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