Ethereum Surges 52% In July—But Is The Rally Over Now?

Ethereum (CRYPTO: ETH) has surged over 52% in the past month, but some analysts expect a short-term correction before the next leg up.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Ethereum (CRYPTO: ETH) $3,642.24  $439.4 billion +2.3% 
Bitcoin (CRYPTO: BTC) $115,562.31  $2.29 trillion -2% 
XRP (CRYPTO: XRP) $3.03  $179.9 billion -10% 

Trader Notes: Crypto trader Posty notes that Ethereum’s 1-hour trendline remains intact, though a brief dip below $3,500 wouldn’t be surprising before price resumes higher.

If a deeper breakdown occurs, he points to $3,000 as the critical support level.

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