On July 8th, a long wick rejection candle at $1250 resistance indicated the sellers continue to defend the level with vigor. The resulting reversal may trigger a new bear cycle within the range-bound rally, suggesting the Ethereum(ETH) price may retest the $1000 support Key points: The ETH chart showcased a fakeout from the 20-day EMA The post ETH Price Analysis: Bearish Reversal Propels Ethereum Near $1000 Mark appeared first on CoinGape.
