Ethereum
Crypto Price Analysis & Overview July 16th, Bitcoin, Ethereum Ripple Cardano, & Polkadot.
Bitcoin
Bitcoin dropped by 3% this week, reaching as low as $31,000. The cryptocurrency popped above the 20-day MA on Sunday but quickly reversed and dropped beneath it on Monday.
It found support mid-week at $32,700 but continued beneath there yesterday to reach $31,185 (downside 1. 618 Fib Extension) today.
The short-term chart gives a better view of the current situation. This chart shows BTC trading within a falling price channel from the beginning of July. When BTC broke the 20-day MA on Sunday, it found resistance at the upper angle of the price channel and started to head lower.
Today’s BTC price channel support was at the lower angle and buyers are trying to defend it. They have risen strongly and are now pushing higher.
Looking ahead, the first resistance lies at $32,300 This is followed by $32,700 and $33,520-$33,800 (20-day). Next, resistance lies at the upper angle of the price channel and then at $35,00 (50-day MA).
On the other side, the first support lies at $31,675. This is followed by $31,185, $31,000 (lower angle of the price channel), $30,500, $30,000, and $29,700 (downside 1. 618 Fib Extension).
Ethereum
Ethereum is down by a very sharp 10% this week as it reached as low as $1850. The coin fell beneath the 20-day MA on Monday and dropped into the support at $2035 (Feb 2020 Highs). It continued lower on Tuesday to drop beneath the 200-day MA and fell until finding support today at $1888 (. 886 Fib).
It did dip as low as $1850 today, but it seems that buyers are attempting to hold above $1888, which provided strong support in June.
The 4-hour chart again shows a better view of how ETH trades – within a falling wedge pattern. Usually bullish when it breaks towards the upside.
Looking ahead, the first resistance lies at around $1950 (upside of the wedge). This is followed by $2000, $2035 (200-day MA), $2120 (20-day MA), and $2200 (long-term descending trend line).
On the other side, the first support lies at $1888. This is followed by $1850 (weekly low), $1710 (June support), and $1625 (downside 1. 272 Fib Extension).
ETH is fighting against BTC, after falling below the support at 0. 06 BTC (100-day MA) this week. At the beginning of the week, the coin was below an ascending price channel and began to fall lower, dropping as low as 0. 0584 BTC on Wednesday,
Looking ahead, the first resistance lies in 0. 06 BTC (100-day MA). Then, follow by 0. 0627 BTC (20-day MA), 0. 065 BTC (50-day MA), and 0. 069 BTC (bearish . 618 Fib & June Highs).
On the other hand, the first support is at 0. 0585 BTC. Then, follow by 0. 058 BTC (. 786 Fib), 0.056 BTC (June support), and 0.056 BTC.
Ripple
XRP dropped by 3.7% to $0.6 Since July’s beginning, the cryptocurrency has traded in a downward price channel. It has also been trading within a falling wedge ever since June.
The coin tried to get to the upside of a wedge throughout the week, but was unsuccessful every time. Throughout the week, however, the coin found support at the wedge’s lower angle.
This type of wedge pattern is likely to break out to the upside as XRP rapidly approaches the apex.
If the buyers can break the upside, then the first resistance is at $0. 647 (20-day MA). Then comes $0.7 (July resistance), and $0.2. 75 (200-day & 50-day MA confluence).
On the opposite side, the support is around $0. 56 (lower angle of the wedge). Then comes $0. 55 (2019 highs), $0.5, and $0. 478 (July lows).
XRP trades within a short-term symmetrical triangular pattern against BTC. It is currently at the apex where the market can expect a breakout towards either side. The coin attempted to break resistance at 1900 SAT throughout the week but was rejected by the 20-day MA on each attempt.
Today XRP spiked over the triangle, but has since fallen back to the support at the lower angle.
Looking ahead, if the bears push beneath the triangle, the first support lies at 1800 SAT. This is followed by 1660 SAT (200-day MA & downside 1. 618 Fib Extension), 1600 SAT, and 1550 SAT (Nov 2020 low).
On the other side, the first resistance lies at 1900 SAT (20-day MA, July 2020 low, & triangle angle). This is followed by 2000 SAT, 2120 SAT (bearish . 236 Fib), 2160 SAT (50-day MA), and 2400 SAT (100-day MA).
Cardano
ADA fell by a steep 10.6% this week as the cryptocurrency currently trades at around $1.20. The coin attempted to break above the 20-day MA at around $1. 35 on Monday but failed to close above it.
Since then, it has traded lower within the descending price channel. While the channel’s lower angle continues to support, ADA fails to break its upper angle. A breakout towards the upside would be the first sign back to $1. 50 for ADA.
Looking ahead, the first support lies at $1.15. The next support is $1. 12 (200-day MA, . 618 Fib, & lower boundary of the price channel). Beneath $1. 12, added support lies at $1. 00 and $0. 986 (June lows).
On the other hand, the first resistance is at $1. 25 (upper angle of the price channel). The $1 follows. 30, $1. 35 (20-day MA), $1. 45 (50-day MA), and $1.50.
After falling below an ascending triangle at week’s start,
ADA also struggles against BTC. The coin fell beneath the 20-day MA on Tuesday and continued to drop throughout the week, reaching as low as 3730 SAT today.
Looking ahead, the first support lies at 3600 SAT (July lows). This is followed by 3540 SAT (10-day MA, downside 1. 272 Fib Extension & June low-day closing price). Added support lies at 3440 SAT (.5 Fib).
On the other side, the first solid resistance lies at 3900 SAT. This is followed by 4000 SAT (20-day MA), 4100 SAT (50-day MA), and 4200 SAT (July resistance).
Polkadot
DOT is down a heavy 18% this week as it currently trades at around $12.70. It fell beneath an ascending triangle pattern at the start of the week and continued beneath the $14 (. 786 Fib & June low-day close) support yesterday.
Today, DOT dipped as low as $12. 10, creating a fresh six-month low price.
Looking ahead, if the bears continue lower, the first support lies at $11. This is followed by $10, $9. 60 (. 886 Fib), and $7.50.
On the other side, the first resistance lies at $14. This is followed by $15 (20-day MA), $16. 40, and $17 (July resistance).
DOT also set a new six-month low against BTC after falling below 0. 0004 BTC today. At 0., the resistance was not broken. 0005 BTC at the start of the month and has been sliding ever since.
It fell below the July support level at 0. 000433 BTC on Wednesday, which allowed it to continue beneath 0. 0004 BTC today.
Looking ahead, if bears continue driving DOT lower than before, the first solid support is at 0. 000357 BTC (. 786 Fib). Then, follow 0. 00035 BTC, 0. 000322 BTC (2021 Opening price), and 0. 0003 BTC.
On the other hand, the first resistance lies at 0. 0004 BTC. Then, follow 0. 000433 BTC (July support – now resistance) and 0. 00045 BTC (20-day MA).
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Ethereum
Is Ethereum (ETH) The Most Obvious Trade in 2025?
TL;DR
- ETH is the subject of multiple optimistic predictions, with some well-known analysts forecasting a rise to a new ATH soon.
- Rising spot ETH ETF inflows reflect growing institutional interest and bullish momentum. However, recent positive exchange netflows hint at possible sell pressure ahead.
Is ETH the Right Horse?
Ethereum (ETH) has rebounded from the multi-year low of under $1,400 in April and currently trades at well above $2,500.
Its resurgence brought back optimism among industry participants, with many viewing it as an attractive investment opportunity. The X user Crypto Rover (who has over 1.2 million followers) recently argued that ETH “is the most obvious trade in 2025.”
$ETH is the most obvious trade in 2025! pic.twitter.com/NhywHpRnzT
— Crypto Rover (@rovercrc) June 19, 2025
He claimed the asset’s latest rally resembles the one from 2020, which continued until the end of 2021 when the price reached an all-time high of just south of $5,000.
Crypto Caesar touched upon ETH’s positive performance in the past hour, summarizing that “it’s looking good for now.” The analyst urged investors to remain patient, claiming that only the potential outbreak of World War III could derail the bullish momentum.
Crypto Fella believes ETH’s next rally is a matter of when not if. The X user envisions new peak levels ahead, though the price may dip before heading higher.
Those willing to explore additional recent forecasts involving Ethereum can refer to our dedicated article here.
What Are the Indicators Signaling?
Over the past several weeks, there has been an evident influx of capital toward spot ETH ETFs. Data compiled by SoSoValue shows that the last day when the netflow was negative (outflows exceeding inflows) was on May 15.
The development generally indicates that a rising number of investors have been buying shares of these funds, showcasing their confidence in the asset. Spot ETFs hold actual ETH, so these purchases can benefit the bulls.
Nonetheless, it’s not all sunshine and roses. The Ethereum exchange netflow has been predominantly positive in the last few days, suggesting that some investors have moved their holdings to centralized platforms. This is typically considered a pre-sale step and might have a negative influence on the valuation.
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Ethereum
Ethereum Price Analysis: ETH Consolidation Continues as Bullish Momentum Starts to Fade
Ethereum has entered a consolidation phase after a strong rally in the last couple of months. The price has been ranging between key support and resistance zones, with multiple failed attempts to break above the $2,700–$2,800 region.
Despite the lack of immediate trend continuation, on-chain fundamentals such as exchange reserves hint at significant structural shifts. This sets the stage for potential volatility ahead as the market prepares for its next directional move.
Technical Analysis
By ShayanMarkets
The Daily Chart
On the daily timeframe, ETH remains inside an ascending channel, consistently finding support around the $2,400 area while struggling to break above the $2,800 mark.
The upper boundary of this channel, combined with the 200-day moving average and a key order block formed in February, is acting as a heavy resistance element. Each test of this level has led to a rejection, but so far, the structure hasn’t broken down, indicating that bulls are still in control for now.
Momentum, however, is weakening. The RSI hovers around the midline at 51, reflecting indecision and a lack of strong directional drive. If ETH can reclaim the upper range and flip the $2,700–$2,800 area into support, it could initiate a new leg higher toward $3,000 and above. On the flip side, a breakdown below $2,400 would shift the bias bearish, exposing the $2,150 support zone.
The 4-Hour Chart
Zooming in on the 4H chart, ETH is still grinding within the same rising channel. After the recent drop from $2,875 to $2,430, the price retraced into the 0.5–0.618 Fibonacci zone, but has been rejected to the downside and is now consolidating below it. This area, between $2,600 and $2,700, has repeatedly acted as a supply zone, rejecting bullish attempts multiple times. For short-term traders, this remains the key level to flip.
Until this resistance breaks, ETH may continue its range-bound behavior. The RSI has recovered slightly from oversold conditions, now sitting near 52. While this suggests a slight uptick in momentum, there’s still no clear sign of bullish dominance. If the bulls fail to break above this key fib zone soon, another drop toward the lower boundary of the channel near $2,400 is likely.
Sentiment Analysis
One of the most important long-term signals for Ethereum remains the consistent downtrend in exchange reserves. Currently sitting at 18.8 million ETH, this is one of the lowest levels in recent history. Exchange reserve data indicates how much ETH is held on centralized trading platforms, meaning a downtrend signals that coins are being withdrawn into self-custody, staking, or cold wallets.
Historically, sustained drops in exchange reserves suggest a supply squeeze narrative building beneath the surface. Fewer tokens on exchanges reduce the available selling pressure and can lead to explosive upside when demand rises.
Even as ETH struggles to break out technically, this silent accumulation phase shows confidence among long-term holders. If this trend continues, it may act as a powerful tailwind once technical resistance levels are finally breached.
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Ethereum
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