Ethereum Important details about the July 25 price outlook are as follows:
- Ethereum gives forward positive signals with fluctuating price.
- We came across a reverse shoulder head formation, which is clearer on the 4-hour chart at the ETH price.
- This formation, which is formed by the price of ether, is in the final stage and can be increased.
even though we see occasional sales today, the bullion continues to be severe. In this process, it seems critical that ETH price remains above 470$.
When we look at the hourly chart on the ETH / USD, we see that it is quite volatile in the range of 470-480$. This indicates that the ETH is looking for a direction. On the other hand, the position of the two moving averages, 100 HO and 200 HO, which we follow, is also very important in terms of direction. According to this; hour chart, 100 HO is still below 200 HO. But the gap between them is narrowed. The displacement of moving averages may trigger a rise for Ether and cause it to go up to the psychological zone of 500$
We are also seeing a reversed shoulder and head formation as a bullish signal in the 4 hour chart of ETH / USD. The price is now at the level that the neckline of the formation is resisting, and if it moves upwards, we predict that this rise may be as long as the formation. Accordingly, the size of the formation, which has a range of approximately 50$, could increase the ETH price to 520 dollars with an increase of over 10 percent if realized.