The post Ethereum (ETH) Price Prediction for July 24 appeared on BitcoinEthereumNews.com.

Ethereum price is trading near $3,705 on July 23, stabilizing after its powerful rally from sub-$2,200 levels earlier this month. The current structure shows ETH price consolidating below a key descending trendline near $3,780–$3,820. This setup suggests that Ethereum is nearing a volatility inflection point, with directional momentum likely to return soon. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) Ethereum has formed a high-compression symmetrical triangle on the 4-hour chart, with higher lows gradually pressing against a fixed horizontal resistance. Price action is currently wedged between $3,665 and $3,790, with buyers defending the rising trendline since July 5. The recent move above $3,500 invalidated a multi-week bearish flag and flipped multiple higher timeframe EMAs. Since then, the rally has matured into consolidation as ETH price prepares for its next move. On-balance volume (OBV) remains elevated, printing around 1.24 billion on the 4-hour, confirming consistent spot accumulation through the structure. Parabolic SAR dots continue trailing below price, showing that the short-term uptrend is still intact, albeit weakening. Why Is The Ethereum Price Going Down Today? ETH price dynamics (Source: TradingView) Why Ethereum price going down today relates to intraday rejection from $3,790, a zone which has capped price multiple times in July. On the 30-minute chart, ETH shows signs of fatigue, with two failed attempts to reclaim $3,780. VWAP also acted as resistance at $3,774, while the RSI has dipped below 47, suggesting weakening buying pressure. MACD on the same timeframe has flattened, showing reduced momentum, and the +DI is declining on DMI, with ADX turning sideways. However, capital flows remain net positive. Ethereum’s 24-hour spot netflow stands at +$8.79 million, suggesting underlying investor conviction despite the short-term resistance. Unless ETH breaks below $3,645 (triangle base), the broader bullish structure remains valid. Bollinger Bands and EMAs Point to…

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Filed under: News - @ July 23, 2025 1:28 pm