Expectations for the Ethereum price in July are based on historical trends and market analysis. The month of June was particularly bearish for the cryptocurrency market, with many assets experiencing a decline in price. Ethereum also saw a significant drop, falling from a high of $3887 to a low of $3232, resulting in a loss of 16.9%.
However, it is important to note that this decline may be viewed as a healthy retracement according to Fibonacci tools. This suggests that there is a strong possibility for ETH bulls to rebound and counterattack.
Therefore, based on historical trends and the potential for a bullish reversal, it is reasonable to anticipate a potential recovery in the Ethereum price in July. However, it is also important to consider other factors such as market sentiment, regulatory developments, and overall market conditions, as they can have a significant impact on the price movement of Ethereum and other cryptocurrencies.