• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
ethereum price analysis

Ethereum Price Analysis — Plus NEO, EOS, ADA, XRP, GBX

Eustace Cryptus
by Eustace Cryptus
7 years ago
·
Posted in Altcoin News, Altcoin Price, Altcoins, EOS, Ethereum, Markets and Prices, News teaser, Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

This week BTC has recovered nearly 13% and a few altcoins attempting to follow, while a few others surpassed BTC, but will any be able to hold on to their gains.


Market Overview

As usual, bitcoin commands the room, hogging all the attention and taking credit for running, or as of late, ruining the cryptocurrency market. Nowadays, the statement that 90%+ of altcoins are tethered to BTC’s hip pricewise is a well supported fact and many believe that altcoins cannot pull off a turnaround until bitcoin sustains gains for longer than 2 or 3 days.

Late June through Early July provided some entertainment as Tron and EOS launched their mainnet and the build up in price was satisfying for those holding the tokens but post migration both seem to be languishing.

With that said, there were some pleasant surprises this week and NEO and Cardano (ADA) managed to post impressive gains. Let’s have a closer look 5 altcoin titans followed by one overlooked ‘alt-guest,’ which will rotate with each post.

ETH

Currently Ethereum exhibits somewhat bullish behavior as it attempts to surpass the descending trendline and has steady support at $458. At the time of writing, ETH peeps ever so slightly above the descending trendline where the 20-day moving average (MA) is also aligned.

The RSI has flattened in bullish territory ETH is likely to add gains if it can reach $465, which is near the 100 SMA at $467. Strong resistance is present near $478 and ETH will need test this point in coming days in order to maintain the bullish trendline.

NEO

Hot off the news of the Ontology collaboration and the election of the City of Zion consensus node, NEO appears ready for a trend reversal and in the event that BTC manages to sustain gains NEO is bound to benefit.

After gaining 20% this week, the cryptocurrency managed to break through the 6 month long descending channel on some rather high volume moves and spiked at $49 before settling near $42. The RSI also completed the bearish cycle and has since reversed. Since July 5th, NEO began to drop some it’s gains at the time of writing the RSI is on the descent as NEO trades in the slightly beneath the descending channel at $37.

The 50-day MA at $45 is the most immediate resistance for NEO, followed by resistance at the 100-day MA near $56. Below $37, NEO has support at $34, $31 and $30 which also serves as an important psychological barrier turned support. Volume tapered back significantly as NEO pulled back and its possible that the current rally is solely driven by NEO’s positie news as the majority of altcoins remain near yearly lows.

From a technical standpoint, NEO does appear ready for a reversal but the same could be said for the majority of altcoins.

EOSSimilar to a host of other alts, EOS currently flirts with the descending trendline where the 20-day MA aligns at $8.40. The cryptocurrency is currently range bound, pinned between $8 and $9 as bulls attempt to hold the current gains from the jump from $8 on July 2nd and bears try to defend the 20-day MA.

If EOS is unable to pass and hold above the descending trendline at $8.74 we are likely to return to support at $8.00. Below this point, EOS has support at $7.87 and $7.39. Given the range bound trading that EOS has exhibited after dropping after the exciting mainnet launch, the cryptocurrency should stay above the descending trendline for a few days before attracting strong buying interest.

ADA

After racking up some impressive gains since June 29th, ADA finally ran out of steam and failed to hold above the bullish trendline at $0.15 and has since dipped below the 20-day MA. At the time of writing, ADA rests on the 100-day MA with support at $0.145 and the overall setup is quite bearish.

$0.1350 is the most immediate support, followed by $0.1253. Above $0.16 ADA has slight resistance at $0.18 and could extend to $0.22 if it overcomes both resistance levels. Traders should hold tight until ADA sustains above $0.15 – $0.16 on the 4 hour chart.

XRP

After briefly escaping the descending channel, XRP met resistance at $0.50 and sold its way back under the 20-day MA to the $0.48 support. XRP currently trades at $0.46 with strong support at $0.45 and a glance at the RSI shows frequent turnarounds at the 40.

The short term setup is somewhat bearish and the RSI hovers right below 40 in the bearish zone. Historically, XRP has a strong base at $0.45 – $0.48 and tends to recover well from this point, meaning the cryptocurrency could be in for a few days of range bound trading before breaking toward $0.48 again.

GBX

Sadly, GoByte are not listed on TradingView but as a somewhat overlooked cryptocurrency it deserves a little attention for its performance from June to July.

Since topping out at $80.27 during the euphoric 2017 bull run, GBX has slumped heavily, retreating all the way to $2.32 at the time of writing. What is delicious about the cryptocurrency is it’s frequent 10 – 15% bi and tri-weekly pops and the occurrence has been a swing traders delight.

From 14th June, GBX spiked from $2.88 to $7.49 and in the following weeks has frequently popped from $3.44 to $4.55 and again in early July $2.88 to $3.98.

For the time being, it seems the new reality of low volume and ailing bitcoin prices have extinguished the viability of long trades and with the top 10 alts either pinned to BTCs hip or range trading in scenarios that don’t offer a sensible risk-reward ratio, traders would be wise to look past the top 10 through 50 cryptocurrencies as there are still rewarding swing trades to be made.

We would have loved to have mentioned, ELA, IOST, ETC or a few others but as the post is getting long in the tooth, it’s best to call it a day.

Until next time, happy trades my friends, and may the odds ever be in your favour.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX and CoinMarketCap. The charts for analysis are provided by TradingView.]

Where do you think Altcoin prices will go this week? Let us know in the comments below!


Images courtesy of ShutterStock, Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Eustace Cryptus

Eustace Cryptus

Follow

Educator by day, crypto zealot at night. I scour charts, swing trade & ponder blockchain’s ability to transform cities, commerce and the entire banking system as we know it!

Full Profile

Related Posts

Ethereum

Ethereum Foundation Is Dumping ETH Again, Is This The Top?

3 hours ago
altcoins-prets-a-exploser-septembre-2025

3 altcoins prêts à exploser en septembre 2025

6 hours ago
Ethereum

Ethereum Smart Contracts Become Latest Hiding Spot For Malware

7 hours ago
Ethereum

Just 10 Wallets Control Majority Of Ethereum Supply: How Do Other ETH Tokens Compare?

12 hours ago
ethereum_eth_ethusd_optimized

Ethereum Open Interest Holds Firm at $8.4B: Why Traders Aren’t Flinching Despite Price Pressure

18 hours ago
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

20 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    2 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    4 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    5 hours ago
  • MemeCore...

    11 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.