Summary: Ethereum (ETH) Price Prediction for July 23

Ethereum's Next Move: A Critical Look at ETH Price Action Ethereum (ETH) finds itself at a pivotal juncture, with its price navigating crucial support and resistance levels amidst a crypto market that's neither distinctly bullish nor bearish. After a slight daily decline of 0.58%, ETH is currently trading around $3,673, prompting investors to closely monitor its immediate future. On the hourly chart, ETH is testing local support at $3,650. A failure to bounce from this level, coupled with a daily close around it, could trigger a downward move towards the $3,600 mark. Zooming out, the main altcoin's rate is seen retreating following a false breakout above the $3,824 level. Should the current candle close near its low, analysts anticipate a continued correction in the coming days. The midterm perspective emphasizes the significance of the weekly bar closure relative to the $3,824 resistance. A definitive close far below this key level could signal the return of sellers, potentially driving Ethereum's price down to the $3,500 range. Traders and investors are advised to keep a close eye on these critical price points as Ethereum weighs its next significant move in a market full of anticipation.