Ethereum has been trading inside a falling wedge pattern for quite some time as it formed lower highs and lower lows. Is ETHUSD making its way closer to the top again? What does today’s 2 July Ethereum Price Technical Analysis reveal?
2 JuLY, OctaFX – Ethereum has started to recover short-term bullish momentum on Monday, after sellers failed to contain price below the key $400 support level.
The ETHUSD pair currently trades around the $440 region, with the $450 level the next upside hurdle for Ethereum bulls. Ethereum buyers will look to challenge the $468 level if the $450 level is broken, while sellers will look to contain price below $450.
2 July Ethereum Price Technical Analysis
- The ETHUSD pair is intraday bullish while trading above the $450 level, key technical resistance is now located at the $468 and $482 levels.
- If the ETHUSD pair moves below the $408 level, sellers may test towards the $395 and $380 support levels.
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