Bulls Expect Fresh Rally Ahead if ETH Move Above the $1800 Mark –

  • The Ethereum coin again turned to the latest 45 days highest level after a retracement phase. 
  • The ETH price is remaining far above the Parabolic SAR indicator over the daily price scale. 
  • The ETH coin is up 3% in the last 24 hours while Market Cap reached $203.1 Billion.

After the recent decline, Ethereum price started a slight upward move. The impact of Bitcoin’s 45-day high is also visible in the rest of the cryptocurrency. As a result, on July 28, the ETH currency also noted a month high, which stood at $1784.

In July, Ethereum buyers enjoyed a remarkable surge, seeing an increase of 56.6%. After a strong progress, a corrective phase was anticipated; Nevertheless, buyers have recently turned active near the $1600 support level. A low level was formed near $1,580 and the price is now climbing higher. The $1,600 and $1,620 benchmarks were clearly broken.

Today bulls seem to be aggressive, thus price is in the green zone at $1685 Mark at the time of writing. Meanwhile, the Market Cap of e ETH coin is up 3% in the last 24 hours at $203.1 Billion as per the CMC data. Moreover, the Ethereum along with the Bitcoin pair is in the green zone by 2.8% at 0.07266 Satoshis. 

Traders saw a Dragonfly Candle on 26 July near the $1350 mark, which became the key support level. Although the trading volume is decreasing gradually but still ETH price remains far above the Parabolic SAR indicator over the daily price scale. 

Ethereum Investors Struggle Near 100-DMA

The ETH bulls led the price above the 20 as well as 50-day moving averages. Meanwhile, the 20-DMA stood to be immediate support. Besides, buyers struggle near 100-DMA since last week. In addition, the RSI indicator is above halfway (above the chart), suggesting the bullishness in ETH.

ALSO READ – South Korean Banks On Radar As Regulator Investigates Kimchi Premium Bitcoin ‘Irregularities’


Ethereum may lead the many other altcoins’ rally ahead if the price moves above the 100-day moving average. But bears are still active in the bull Market, and they may have set their selling order near the 45-days high. 

Support level – $1,600 and $1,000

Resistance level – $1,800 and $2,000


The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen
Latest posts by Nancy J. Allen (see all)

Related Posts


Introduction Volatility and unpredictability, which formerly enticed young people to invest and profit quickly, have now backfired. Recently, the cryptocurrency market plummeted spectacularly, sparking panic and dread…

The 3 Most Viable Options In The Current Crypto Market Recession: Quilvius, Ripple, And Solana

Although the benefits of crypto appear attractive, there are significant online concerns as well. The current crypto crash is the second significant crypto fall in less than a month….

Ethereum Scaling Platform Polygon Topped 37,000 Decentralized Apps This Year. Can Youniverze Finance Keep Up?

While the crypto market is making a U-turn, many have feared that the realm of DeFi will not recover from the abrupt downfall. The main reason behind…

$50,000 Added To Gnox (GNOX) Treasury To Keep Up With Bitcoin (BTC) And Cardano (ADA) Uptrend

The crypto community has been excited by the Bitcoin and Cardano uptrend, but Gnox’s project team has taken additional steps to ensure that it keeps up with…

Uniglo (GLO), Algorand (ALGO), and Flow (FLOW) Could Turn Bullish Late October

In a market that is flooding red because of rising inflation, high costs, and depreciating fiat money, many people are looking for viable options for investment. While…

Are XRP and BTC Being Offered as Rewards by Japanese Banks? –

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing…