Ethereum (ETH) Price Prediction for July 24

Ethereum price is trading near $3,705 on July 23, stabilizing after its powerful rally from sub-$2,200 levels earlier this month. The current structure shows ETH price consolidating below a key descending trendline near $3,780–$3,820. This setup suggests that Ethereum is nearing a volatility inflection point, with directional momentum likely to return soon. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) Ethereum has formed a high-compression symmetrical triangle on the 4-hour chart, with higher lows gradually pressing against a fixed horizontal resistance. Price action is currently wedged between $3,665 and $3,790, with buyers defending the rising trendline since July 5. The recent move above $3,500 invalidated a multi-week bearish flag and flipped multiple higher timeframe EMAs. Since then, the rally has matured into consolidation as ETH price prepares for its next move. On-balance volume (OBV) remains elevated, printing around 1.24 billion on the 4-hour, confirming consistent spot accumulation through the structure. Parabolic SAR dots continue trailing below price, showing that the short-term uptrend is still intact,… The post Ethereum (ETH) Price Prediction for July 24 appeared first on Coin Edition .

Source: Coin Edition