ETH USD analysis

BTC continues to fall this week and therefore other cryptocurrencies are likely to follow the downtrend.

This analysis relies heavily on Fibonacci regression and major resistance/support lines.

ETH is expected to maintain its current value for the next few days. This weekend ETH may go into a downtrend until the 24th of July, stopping at a value of $1,800 or less.

There is a lot of speculation that the BTC will break the resistance lines between July 23rd and 26th of July and, if that happens, ETH will rise again and this time with a focus on the year-end target of $6,000 - $8,000.