Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 10


  • On June 3, the bulls were resisted and the market fell and broke the $240 lower price range.
  • On the downside, if the bearish pressure continues, the crypto’s price will fall and find support at the previous low of $180 price level.

ETH /USD Medium-term Trend: Bearish

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

Last week the price of Ethereum was in a sideways trend. The ETH market had been trading between the levels of $240 and $280. Each time the bulls tested the $280 overhead resistance the market would fall either to the support of the 12-day EMA or the 26-day EMA. Then the bulls will resume its range bound move.

On June 3, the bulls were resisted and the market fell and broke the $240 lower price range. It also broke below the EMAs to reach the bearish trend zone. The crypto’s price is below the EMAs which indicates that price is likely to fall.

On the downside, if the bearish pressure continues, the crypto’s price will fall and find support at the previous low ofsssssssssssssssssssssd $180 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH is in a bearish trend. The 12-day EMA and the 26-day EMA were sloping horizontally but are now pointing southward indicating that price is in a bearish trend.

The crypto’s price broke the previous support of $236 price level to a low at $229 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The market is likely to continue its fall since it is below the EMAs.

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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