$TOONS
Fading QuicklySnapshot Window: 2026-07-20 17:00 UTC · ← Back to Crypto Overview
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#Ethereum $ETH update 20 JULY 2026 [Spoken audio]: Last week I made a video saying that Ethereum was the most interesting crypto to look at in terms of where are we going with this market that Ethereum was gonna kind of lead the way here and it's based off of what I'm seeing on the charts here and since that update that I made last We got just want to say it really couldn't have gone all that much better in terms of a theorems price action You'd see just I was not surprised to see a rejection at the 100 100 day EMA and then a rejection there, a bounce off the 50-day EMA and then here we are. We've reclaimed again this four-year trend line that dates back all the way to 2022. I mean, that's what we have going on with Ethereum right now is that this whole thing just looks like a false breakdown. It's just shocking to me that that would be the case. I mean, Ethereum bottom at $1500. A lot of people were calling for this to go under $1,000 and could it be that actually this whole thing right here was a false breakdown and it was a fake out and it certainly faked a lot of people out so where what do we what can we look at as a confirmation that this more than a month about a month and a half period was a false breakdown there's a couple things I want to see I mean first of all it would be very nice to break above the one her day EMA but for me the 200 week moving average that is just I wouldn't be surprised if ETH and Bitcoin broke it around the same time if Bitcoin reclaims the 200-day moving average, in my opinion, Bitcoin's bottom is in and it would make sense to me that if Ethereum did the same thing that that would be the case. But the difference with Ethereum is that since we lost it in November, we haven't even come close to having any kind of interaction with the 200-day moving average. And so it's one of those things that I just I would fear that we'd get up to that level and get rejected. And then we could still potentially hit new lows. I mean, the further we're going along with this, the more likely that that's not going to be the case, especially when you consider fact that that big that Ethereum bottomed in June of 2022 in the bear market, even though Bitcoin went lower, Ethereum put in that bottom in June of 2022. Here we are June 2026 same deal. So I am leaning towards this idea that ETH has already bottomed, but I am waiting for some kind of a higher load to be put in before getting in it pretty aggressively. But I mean, like I said, reclaiming this four-year trend line that is a huge deal. And the more that we are hanging around here and especially seeing that higher low being put in, the more encouraging things look. So let's just the first step, let's break through this 100-day EMA and then we'll see where we go from here. But yeah, things are looking good for I'll see you in another video.
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$BTC 65030 is the line to break