{"id":117681,"date":"2023-07-04T11:43:12","date_gmt":"2023-07-04T11:43:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-july-ignite-eth-price-rally-to-2200-crypto-news\/"},"modified":"2023-07-04T11:43:15","modified_gmt":"2023-07-04T11:43:15","slug":"will-july-ignite-eth-price-rally-to-2200-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-july-ignite-eth-price-rally-to-2200-crypto-news\/","title":{"rendered":"Will July Ignite $ETH Price Rally to $2200?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-153356\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/04170537\/59kk24lF-e1688470559126.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Ethereum Price Prediction\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/04170537\/59kk24lF-e1688470559126.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/04170537\/59kk24lF-e1688470559126-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/04170537\/59kk24lF-e1688470559126-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/04170537\/59kk24lF-e1688470559126-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 7 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Prediction: On June 30th, the Ethereum coin price experienced a significant influx of buying pressure, leading to a noteworthy breakout above both the resistance trendline of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bull-flag-pattern-in-crypto-meaning-and-how-to-identify\/\">flag pattern<\/a> and the $1921 level.  Following the breakout, the coin price surged by 2% from the breakout point of $1921 and is currently trading at $1955.  However, under the influence of the bullish continuation pattern, the ETH price is poised for further recovery.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-births-new-token-standard-will-this-reduce-eth-supplyethereum-births-new-token-standard-will-this-reduce-eth-supply\/\">Ethereum Births New Token Standard, Will This Reduce ETH Supply?<\/a><\/p>\n<h2><b>Ethereum Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The recovery of 61% of the Mid-April-June correction phase demonstrates the strength of the buyers in the market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A possible breakdown below $1837 may set the coin&#8217;s market value by 4%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $6.9 Billion, indicating a 10% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/5\/59kk24lF.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/5\/59kk24lF.png\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the $1920 resistance breakout, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">ether price<\/a> Showed two daily candles with long-lower price rejection tails.  These rejections indicate the buyer&#8217;s sustainability at higher levels and a green signal for prolonged rallies.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">One important factor to consider is that the ETH price has recovered 61% of the correction phase that occurred between mid-April and June.  This recovery signifies a significant rebound for this altcoin, as buyers have successfully reclaimed a majority of the losses incurred during that period.  This development indicates a higher likelihood of the uptrend continuing, rather than being a mere relief rally before a resumption of the previous downtrend.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">With sustained buying, the ETH price is poised for a breakout above the combined resistance of $2020 and 78.6%. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/fibonacci-retracement\/\">FIB level<\/a>offering buyers another stepping stone to rise higher.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Will Ethereum Price Reach $2200?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The flag pattern breakout avails Ethereum price with its predetermined targets decided during the formation.  This chart pattern has two known targets which are the width of the flag and the complete flagpole both measured from the breakout points.  Therefore, the first target for ETH is around $1980, while the second comes at $2200.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The 20-and-50-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA slope<\/a> offers dynamic support to buyers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">An upswing in the daily ADX slope reflects potential strength in buyers to lead a significant rally.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA153356\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153356\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 7 minutes ago Ethereum Price Prediction: On June 30th, the Ethereum coin price experienced a significant influx of buying pressure, leading to a noteworthy breakout above both the resistance trendline of the flag pattern and the $1921 level. Following the breakout, the coin price surged by 2% from the breakout point of $1921 and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":117682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-117681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=117681"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117681\/revisions"}],"predecessor-version":[{"id":117683,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117681\/revisions\/117683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/117682"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=117681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=117681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=117681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}