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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 20

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  • The ETH market had been trading within a confined range between the levels of $220 and $280 over a month.
  • Range-bound traders can take advantage of a ranging coin and trade it so as get partial profits at the end of the period.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $260, $280, $300
  • upport Levels: $240, $220, $200

Yesterday, June 19, the price of Ethereum was in a sideways trend. The ETH market had been trading within a confined range between the levels of $220 and $280 over a month. There are two things we want to emphasize about the price of Ethereum. Firstly, the bulls have to make a way to break out of the range bound move so that new buyers can come in at higher price levels. The crypto cannot appreciate in value while in a range bound move.

At this age of the cryptocurrency, a bullish break is expected at the $280 price level. Secondly, Range-bound traders can take advantage of a ranging coin and trade it so as get partial profits at the end of the period. Presently, the ETH price is trying to revisit the upper price range again. However, if it is repelled, a short trade will be needed at the resistance zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. From the chart, the crypto’s price is ranging below the upper price levels. Each time the bulls tested the upper price levels the price would fall to the support of the EMAs or below the EMAs.

Today, a bullish candlestick tested the $272 price level and was resisted as it fell to the support of EMAs . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Ethereum’s price is $268.45 ETH/USD exchange rate today. The real-time ETH market cap of $28.61 Billion currently ranks #2 with , daily trading volume of $1.85 Billion and live coin value change of ETH -0.24 in the last 24 hours.

Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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