Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 21
- If the bullish trend is ongoing, the ETH price is expected to reach a high of $320.
- The bulls have to sustain hold on price above the EMAs so that ETH market can rise.
ETH /USD Medium-term Trend: Ranging
- Resistance Levels: $260, $280, $300
- Support Levels: $240, $220, $200
Yesterday, June 20, the price of Ethereum was in a bullish trend. The ETH/USD pair had been range bound since May 16 between the levels of $220 and $280. On June 20, the bulls broke the $280 price level but it is currently trading at $281 as at the time of writing. The bulls have to sustain hold on price above the EMAs so that ETH market can rise. A bullish trend line has been drawn to determine the duration of the bullish trend. Presently, the crypto’s price is `making a series of higher highs and higher lows.
The bullish candlestick will test the trend line and continue its upward move. A bullish trend is said to be ongoing if the trend line is unbroken. If the bullish trend is ongoing, the ETH price is expected to reach a high of $320. On the downside, a bullish trend is said to be terminated if the price breaks the trend line, and another confirmation candlestick closes on the opposite of the trend line. 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 crypto’s price had been in a sideways trend in the last one month. The 12-day EMA and the 26-day EMA are sloping horizontally.
Yesterday, the bulls reach a high of $285 and were resisted. The price retraced to the support of the $280 price level and commenced an upward move. Meanwhile, the MACD line and the signal line are above the zero lines which indicates a buy signal.
Ethereum’s price is $1,584.84 ETH/USD exchange rate today. The real-time ETH market cap of $182.12 Billion currently ranks #2 with , daily trading volume of $6.4 Billion and live coin value change of ETH -1.47 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$1,584.8447 change ~ -1.47%
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