30 July ETHUSD Price Technical Forecast: Ethereum is strongly bearish


Ethereum continues to trade to the downside in early-week trading, with the ETHUSD pair trapped between the $458 to $440 price range. What should traders expect over the coming trading sessions? Stay updated in the following 30 July ETHUSD Price Technical Forecast.

30 July, OctaFX – Over the coming trading sessions, we may see a strong directional breakout occur if traders clear the current narrow-ranges. Sellers will look to push the price below the $440 support level, while buyers will aim to move price above the $458 resistance level.

30 July ETHUSD Price Technical Forecast

  • The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels.
  • If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.

Disclaimer

This article about 30 July ETHUSD Price Technical Forecast was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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