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Ethereum (ETH) Price Analysis for July 28

Thu, 07/28/2022 - 15:41
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Denys Serhiichuk
Does Ethereum (ETH) have enough power to keep rise going?
Ethereum (ETH) Price Analysis for July 28
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The cryptocurrency market has continued to rise after yesterday's rally as all of the top 10 coins are in the green zone.

Top coins by CoinMarketCap


The rate of Ethereum (ETH) has rocketed by almost 10% over the previous 24 hours.

ETH/USD chart by TradingView

On the local time frame, Ethereum (ETH) is trading in a wide channel, accumulating power for a further move.

BTC, ADA and BNB Price Analysis for July 26

If bulls can hold the initiative until the end of the day, the leading altcoin might test the $1,700 mark tomorrow.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) has confirmed bulls' efforts to keep the rise going. The rising buying volume also means that there are more chances to see an upward move to the $1,750-$1,800 zone at the beginning of August.

ETH/USD chart by TradingView

From the midterm point of view, Ethereum (ETH) has made a false breakout of the mirror level at $1,476, which means that buyers are strong enough for a continued rise. All in all, the breakout of $1,700 might lead to a sharp growth to the vital area of $2,000.

Ethereum is trading at $1,651 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at