Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 14
- The ETH market is still trading between the levels of $240 and $280.
- A bullish or bearish breakout is imminent for the cryptocurrency.
ETH /USD Medium-term Trend: Ranging
- Resistance Levels: $260, $280, $300
- Support Levels: $240, $220, $200
Yesterday, June 13, the price of Ethereum was in a sideways trend. The ETH market is still trading between the levels of $240 and $280. Yesterday, the crypto’s price was falling after the bulls were resisted at the $260 price level. Today’s, the crypto’s price is making another upward move to the upper price range.
As earlier suggested, range-bound traders can initiate long trades at the support level and exit near the resistance level. Also, if price has tested the upper price range and it is retracing, a range bound trader can initiate a short trade. The short trades can be exited near the support level. Nevertheless, the ETH market may continue its range bound move for a few days to come. A bullish or bearish breakout is imminent for the cryptocurrency. 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. On June 12 and 13, the ETH price was facing resistance at the $262 price level. On Jun12, the bulls tested the $262 price level and were resisted. The price fell to the support of the 26-day EMA.
Yesterday, the bulls tested the $262 resistance level twice and price was on a downward correction to a low at $250 price level. Though the bulls pulled price above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Ethereum’s price is $3,904.29 ETH/USD exchange rate today. The real-time ETH market cap of $452.14 Billion currently ranks #2 with , daily trading volume of $22.68 Billion and live coin value change of ETH 2.82 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$3,904.2913 change ~ 2.82%
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