Electroneum Price Prediction Today: Daily (ETN) Value Forecast – June 5


  • On the upside, the coin can make an upward move, if there are more buyers at the upper price level.
  • The ETN market was in downward correction and it fell to a low at Ƀ0.00000052.

ETN /BTC Medium-term Trend: Bearish

  • Resistance Levels: : Ƀ0.00000050, Ƀ0.00000055, Ƀ0.00000060
  • Support Levels: Ƀ0.0000045, Ƀ0.00000040, Ƀ0.00000035

Yesterday, June 4, the price of ETN was in a bearish trend. The 12-day EMA and the 26-day EMA were trending southward indicating a bearish trend. On March 14, the ETN market reached the Ƀ0.00000180 overhead resistance level. On March 15, the bulls were resisted at the overhead resistance level.

The ETN market was in a downward correction and it fell to a low at Ƀ0.00000052. On April 19, the bulls pulled back price but were resisted by the 12-day EMA. On May 16, the bulls also make an upward move but were resisted by the 12-day EMA.

On the upside, the coin can make an upward move, if there are more buyers at the upper price level. Meanwhile, the price of ETN is in the oversold region of the daily stochastic but below 20% range. This indicates that the price of ETN is in a bullish momentum and a buy signal.

ETN/BTC Short-term Trend: Ranging

On the 1-hour chart, the price of ETN is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally indicating the sideways trend. The crypto’s price is fluctuating below and above the EMAs. The crypto’s price is in choppy price action. The resistance level and support level are not discernible which makes trading difficult. However, the ETN price is in the oversold region of the daily stochastic but above the 40% range. This indicates that the price is in a bullish momentum and a buy signal.

Live Electroneum (ETN) Price:

1 ETN/USD =$0.0154 change ~ 1.60%

Coin Market Cap

$275.08 Million

24 Hour Volume

$3.71 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

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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