On the medium-term outlook, Ethereum is ranging. There have not been significant increases in Ethereum price for some days due to low Bulls’ momentum and the Bears’ pressure. The coin has been range-bound within the demand zone of $258 and the supply zone of $227. The sideways movement started on June 16 when the bullish momentum pushed up the coin to reach the high of $227 supply zone and the Bears opposed the increase with the formation of strong bearish candle that returned the price to the previous low of $258 level. The 21 periods EMA and 50 periods EMA remain flat within the range showing no specific direction ... (full story)