ETHUSDT
Ether demonstrated resilience on July 10 as it once again rebounded off the 50-day SMA ($1,843), indicating the bulls' strong defense of this level.
The price turned upwards and closed above the 20-day EMA ($1,874), signaling the bulls' attempts to regain control. If buyers can push the price above $1,906, the ETH/USDT pair may attempt a rally towards the overhead resistance at $2,000. However, this level is likely to be met with substantial selling pressure from bears.
On the downside, the key support to monitor is the 50-day SMA. A breach of this level could lead to a deeper correction towards $1,700.
