Ethereum price is trading in a range against the US Dollar and Bitcoin. Will the pair slowly move higher? What does today’s 6 July Ethereum Price Technical Analysis explain?
6 July, GKFX – Ethereum, the seconds largest coin by market value, is changing hands at $466 after peaking at $487 on Monday. Ethereum’s market value is $47.4B with average daily trading volume registered at $1.77B.
Crypto traders wait for Vitalik Buterin comments
Tech Crunch’s Blockchain Sessions will take place today in Swiss Zug, featuring Ethereum Founder Vitalik Buterin and Binance CEO Changpeng Zhao as keynote speakers.
Crypto traders are likely to focus on the comments of these prominent industry leaders.
Considering recent problems with gas costs and Ethereum network congestions, Vitalik may touch upon these technical issues and elaborate on possible solutions, which may influence Ethereum price.
6 July Ethereum Price Technical Analysis
ETHUSD stays above the long-term sloping trend line (currently at $455), which is a promising signal. While the upside momentum is fading away on approach to psychological $500 handle, the bulls may attempt another breakthrough, provided that the sentiments on global cryptocurrency market stay positive.
ETHUSD, the 4-hour chart
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