Ethereum under pressure: Depreciation on the Golden Ratio Resistance can be expected for July 8, 2025

Ethereum under pressure: Depreciation on the Golden Ratio Resistance can be expected for July 8, 2025

Ethereum forecast for July 8, 2025

On Tuesday, July 8, 2025, the Ethereum course on the Golden Ratio was rejected by around $ 2,600 in a bear. This technical market situation suggests that Ethereum could possibly initiate a correction.

The Golden Ratio Resistance, a frequently respected indicator in technical analysis, seems to be a crucial point for the course development of Ethereum. The rejection at the resistance level indicates that the sellers have temporarily taken control, which increases the likelihood of price correction.

cryptocurrency investors and analysis drivers should observe this development closely, since a correction is often an opportunity for those interested in buying who are looking for at a favorable start of entry. It remains to be seen how the market reacts to this resistance and whether Ethereum will be able to recover from this point or whether a longer downward movement is imminent.

For further analysis, it is important to take other technical indicators and market trends into account in order to be able to make sound decisions.

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