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8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-30316cfa-0 hlAHKa title "><h1>Crypto Daily: Ethereum price rises steadily</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Jul 07, 2022</li><li>10:07</li><li>2 min reading</li><li>Last Updated <!-- -->Jul 11, 2022</li></ul><p><img src="/pic/news/choise-team.svg" alt="By Choise.com team"/>By Choise.com team</p></div><div class="content"><div class="main_image"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="Crypto Daily: Ethereum price rises steadily" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F07%2Fdaily_7th_july.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="content_block"><p>Ethereum remained steady above the $1,100 pivot level. There was a steady increase initiated above the $1,120 resistance zone.</p><p>The bulls were able to push the price above the $1,150 and $1,160 levels. Ether price even broke the $1,185 level and traded as high as $1,194. Recently, there was a minor downside correction below the $1,180 level. The price declined below the 23.6% Fib retracement level of the recent increase from the $1,110 swing low to $1,194 high.</p><p>However, the price is trading above $1,150 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,160 on the hourly chart of ETH/USD.</p><p><a href="https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png"><img loading="lazy" class="alignnone size-full wp-image-495064" src="https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png" sizes="(max-width: 1834px) 100vw, 1834px" srcSet="https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-1140x525.png 1140w" alt="Ethereum Price" width="1834" height="845" data-pin-no-hover="true"/></a></p><p>An immediate resistance on the upside is near the $1,190 level. The next major resistance is near the $1,120 zone, above which the price may perhaps gain strength. In the stated case, the price could rise towards the $1,250 resistance. If the bulls remain in action, the price might climb towards the $1,320 zone.</p></div></div><ul class="sc-e7e481b7-0 lppuYx"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Ethereum price rises steadily</span></li></ul><div class="sc-ebb48054-0 hLmiTg"><button aria-label="twitter" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Ethereum price rises steadily"/></button><button aria-label="telegram" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Ethereum price rises steadily - Telegram"/></button><button aria-label="facebook" class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Ethereum price rises steadily - Facebook"/></button></div></section></div></section></main><footer class="sc-9640b8d4-0 epzLSr"><div class="sc-e7592e74-0 hAXvnP center_block " width="1200px"><div class="top"><div class="footer_nav"><h3>explore choise.com</h3><div class="list"><div class="sc-33c94fe2-0 jizGAf join"><a rel="noreferrer nofollow" target="_blank" href="https://choisecom.medium.com/choise-com-metafi-roadmap-discover-q1-updates-17b91da91b78" type="button"><p>What’s next?</p><span class="front"></span><span class="back"></span></a></div><a href="/">Main</a><a href="/nft">NFT</a><div class="sc-f90d5357-0 pPzjP documentation"><a href="https://docs.choise.com/more/token-and-tokenomics" rel="noreferrer nofollow" target="_blank">Documentation</a></div><a href="https://bscscan.com/address/0xCe90D38B084Aad57bc26C5C66F377d6DF7882846" target="_blank" rel="noreferrer nofollow">NFT Smart Contract</a><a href="/help#conditions">conditions</a></div></div><div class="social"><a rel="noreferrer nofollow" target="_blank" href="https://t.me/choise_com">Telegram</a><a rel="noreferrer nofollow" target="_blank" href="https://discord.gg/GQbcNbRWSm">Discord</a><a rel="noreferrer nofollow" target="_blank" href="https://twitter.com/ChoiseCom">Twitter</a><a rel="noreferrer nofollow" target="_blank" href="https://choisecom.medium.com/">Medium</a></div></div><div class="bottom"><div class="logo"><a href="/"><img src="/pic/logo-white.svg" alt="Choise.com white"/></a></div></div><div class="footer_description"><div class="item"><p>The Choise website and Choise mobile apps are owned by the company incorporated in the Republic of Seychelles with company number IBC No. 233581, registered office at 102, Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles which is regulated by the laws of that country.</p><p>Crypterium AS is incorporated in Estonia with company number 14352837 with a registered office at 5 A. 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Recently, there was a minor downside correction below the $1,180 level. The price declined below the 23.6% Fib retracement level of the recent increase from the $1,110 swing low to $1,194 high.\u003c/p\u003e\n\u003cp\u003eHowever, the price is trading above $1,150 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $1,160 on the hourly chart of ETH/USD.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png\"\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-495064\" src=\"https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png\" sizes=\"(max-width: 1834px) 100vw, 1834px\" srcset=\"https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/07/Ethereum-6-1140x525.png 1140w\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" data-pin-no-hover=\"true\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eAn immediate resistance on the upside is near the $1,190 level. The next major resistance is near the $1,120 zone, above which the price may perhaps gain strength. In the stated case, the price could rise towards the $1,250 resistance. If the bulls remain in action, the price might climb towards the $1,320 zone.\u003c/p\u003e\n","excerpt":"\u003cp\u003eEthereum remained steady above the $1,100 pivot level. 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