Ethereum (ETH) Price Analysis for July 20

Most of the coins have returned to the green zone on the last day of the week, according to CoinMarketCap.

ETH/USD

The rate of Ethereum (ETH) has risen by 5.41% since yesterday. Over the last week, the price has risen by 24.77%.

On the hourly chart, the price of ETH is near the local resistance of $3,766. As most of the daily ATR has been passed, traders are unlikely to witness increased volatility by tomorrow.

On the bigger time frame, bulls keep controlling the situation on the market.

If the candle closes around the current prices, there is a chance of a test of the $3,800 zone shortly.

From the midterm point of view, there are also no reversal signals so far. The volume remains high, which means ongoing growth remains the more likely scenario until the end of the month.

Ethereum is trading at $3,744 at press time.