Ethereum Daily Update | Ethereum ETH Price Prediction 2021 #shorts

5 Jul 2021 · 1 min

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In this short video, The Art of Crypto provides a daily technical analysis of Ethereum (ETH) on the daily chart. The presenter outlines the current higher‑low, higher‑high price structure, noting that ETH is being rejected at the 150‑day exponential moving average (EMA), shown as white and yellow lines, which act as strong resistance. He identifies a key support level at $2,017 (the previous swing low) and states that as long as this level holds, the bullish structure remains intact. The analysis then targets a breakout zone between $2,300 and $2,400, with the next major resistance around $2,550. The video concludes with a call to subscribe for more updates.

Chapters

Ethereum daily update. If you take a look at ETH here, we formed this low and then we formed this high and then we formed this low and this high. At the moment, we are still in a higher low, higher high structure. At the moment though, you can see that ETH is getting rejected by this white line and yellow line here, which is a 150 EMA. This is occurring on the daily chart, which means that these 2 lines are going to act as really strong resistance. But is this the end for Ethereum? I don't think so. For starters, you're going to want to mark down this level right here at $2,017 because this Is where we have the previous swing low, which means that Ethereum could dip all the way down to $2,017. And as long as we do not break this level, this higher high, higher low structure is going to still be intact and Ethereum is still bullish. And then you're going to want to look for Ethereum to break this $2,300 to $2,400 level. The next zone of resistance is going to be $2,550. But for now, we look for a higher low formation. For more videos like this, make sure you drop a subscribe.