Ethereum (ETH) Price Prediction for July 21.

How long will accumulation of Ethereum (ETH) last?

The prices of some coins keep rising, while others have returned to the red zone, according to CoinMarketCap.

ETH/USD.

The rate of Ethereum (ETH) has almost remained the same since yesterday. Over the last week, the price has risen by 9.61%.

On the hourly chart, the price of ETH has made a false breakout of the local support level of $3,483. If the daily bar closes near it, one can expect a blast to the $3,450 zone shortly.

On the bigger time frame, one should

pay attention to the nearest level of

$3,547. If a breakout happens, the

accumulated energy might be enough

for a continued upward move to the

$3,600-$3,700 range.

From the midterm point of view, bulls are trying to hold the gained initiative.

If the weekly candle closes around the current prices, traders may witness a further rise by the end of the month.

Ethereum is trading at $3517,01 at press time.