Ethereum (ETH) price forecast for July 27th

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According to Coinstats, the market is bullish mainly on the last day of the week.

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ETH/USD

Ethereum (ETH) percentage has risen 1.74% over the past 24 hours.

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On the hourly chart, ETH prices are closer to resistance than support levels.

If the buyer can retain the initiatives he has acquired, then a breakout of the level is expected, followed by a $3,900 zone move.

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In a larger time frame, the situation is also bullish. Once the daily bar exceeds $3,824 resistance, the accumulated energy may be enough to quickly test the $3,900-$4,000 range.

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From a medium-term perspective, ETH speeds are locked above the $3,675 resistance. Prices exceed that mark, but are likely to continue to rise to the $4,093 level.

Ethereum trades at $3,808 at press time.

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