Ethereum (ETH) Price Prediction for July 22

After weeks of steady buildup, the Ethereum price today is trading near $3,759, marking a 51 percent monthly surge and testing a multi-year triangle resistance on the monthly chart. This move comes as ETH challenges the upper boundary of a long-standing consolidation pattern, suggesting the potential for a macro breakout if the $3,800–$4,100 zone is cleared convincingly. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) Ethereum has pushed firmly into the apex zone of a multi-year triangle structure visible on the monthly chart. Price is now attempting to break out of this formation, with $4,095 acting as the ceiling from a previous all-time high supply pocket. A monthly close above $3,800 would confirm a structural shift that could potentially re-open the door toward $4,500 and beyond. On the 4-hour timeframe, Ethereum price action is locked inside a clean ascending channel, with higher highs and higher lows forming since the second week of July. Dynamic support is being provided by the 20 EMA at $3,610 and Parabolic SAR dots are still printing below price, confirming trend continuation. A break below $3,610 could threaten … The post Ethereum (ETH) Price Prediction for July 22 appeared first on Coin Edition .

Source: Coin Edition