Ether sideways trades
Ether sideways trades in relatively low volatility
Ether stays sidelined
Ether bullish case:
Ether has been trading below its 200-day simple moving average (SMA) at $2,530.09 for the past week.
Were an advance above it to take place, the 20 June high at $2,568.97 would be eyed. If bettered, the May highs at $2,737.17-to-$2,788.12 may be reached as well ahead of Ether's early June 5-month high at $2,879.45.
Were this level to be exceeded, the 13 January low at $2,925.00 and the 27 January trough at $3,022.00 would become potential technical upside targets.
Ether bearish case:
While the 200-day SMA at $2,530.09 caps on a daily chart closing basis, the 6 to 27 June lows at $2,387.06-to-$2,384.58 may be revisited.
In case of this support area giving way, the 18 May low at $2,328.10 may be probed as well.
A fall through this level would likely re-engage the April-to-July uptrend line at $2,206.63 and the 22 June low at $2,115.55.
Were this support zone to be slipped through, the March peak at $2,103.22 and 19 March high at $2,069.11 would likely be back in sight.
Ether daily candlestick chart
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