Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 12


  • Nevertheless, the ETH market may continue its range bound move for a few days if the crypto does not encounter a bullish or bearish breakout.
  • Since the crypto’s price is ranging, range-bound traders can initiate long trades at the lower price range.

ETH /USD Medium-term Trend: Ranging

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

Yesterday, June 11, the price of Ethereum was in a sideways trend. The ETH market is still trading between the levels of $240 and $280. However, on June 9, the bears broke below the lower price range but the following day the bulls pulled back price into the range bound zone. The ETH price is trading at $249 above the lower price range. Since the crypto’s price is ranging, range-bound traders can initiate long trades at the lower price range.

This will enable them to earn partial profits by the time price ranges to the upper price level. Similarly, a range trader should initiate a short trade near the resistance, if the price is retracing from the upper price range. Nevertheless, the ETH market may continue its range bound move for a few days if the crypto does not encounter a bullish or bearish breakout. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of ETH is in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward indicating that price is in a bullish trend. From the price action, the crypto’s price is above the EMAs which indicate that price is likely to rise.

From the Fibonacci retracement tool, the ETH price is at the 0.236 Fib. retracement level, which is a continuation zone for a trending market. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Ethereum’s price is $3,830.90 ETH/USD exchange rate today. The real-time ETH market cap of $443.63 Billion currently ranks #2 with , daily trading volume of $26.38 Billion and live coin value change of ETH 4.42 in the last 24 hours.

Live Ethereum (ETH) Price:

1 ETH/USD =$3,830.8960 change ~ 4.42%

Coin Market Cap

$443.63 Billion

24 Hour Volume

$26.38 Billion

24 Hour VWAP

$3.85 K

24 Hour Change

$169.50

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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