Ethereum price attempts positively – Analysis - 22-07-2019

Ethereum price trades positively to move above 222.90 level, but we notice that the EMA50 forms solid resistance that prevents the price from achieving more decline, to keep the chances valid to resume the expected bearish trend on the intraday and short term basis, which targets visiting 189.92 level mainly.

We should note that failing to trade below 222.90 and breaching 234.00 will stop the negative scenario and push the price to achieve additional gains that reach 255.93.

The expected trading range for today is between 200.00 support and 240.00 resistance

The expected trend for today: Bearish