Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 17
- The ETH market had been trading between the levels of $240 and $280.
- On the upside, if the bulls break the $280 price level, ETH market will revisit the previous highs of $300 and $320.
ETH /USD Medium-term Trend: Ranging
- 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. These levels have not been broken in the previous month. On June 16, the bulls reached the $280 upper price level. On the upside, if the bulls break the $280 price level, ETH market will revisit the previous highs of $300 and $320.
On the downside, if the bulls fail to break the $280 price level, the crypto’s price will fall and resume its range bound move. From the trend line tool, the bullish trend line was drawn to determine the continuity of the bullish trend.
The bullish trend is said to be ongoing if the trend line is unbroken. On the other hand, the bullish trend is said to be terminated if the trend line is broken and another confirmation candlestick closes on the opposite of it. Today,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 bearish trend. On June 16, the bulls tested the $280 price level and were resisted. The price fell to the support of the 26-day EMA but later falls below the EMAs.
On the upside, if the bulls break above the EMAs, the coin will commence its upward move. However, if the price is below the EMAs, there is the likelihood of it falling. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Ethereum’s price is $3,804.68 ETH/USD exchange rate today. The real-time ETH market cap of $440.83 Billion currently ranks #2 with , daily trading volume of $37.51 Billion and live coin value change of ETH -3.25 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$3,804.6804 change ~ -3.25%
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