Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 24


  • On the upside, if price retraces to the support of the 12-day EMA, the crypto’s price will resume its upward move to retest the $320 resistance level.
  • On the other hand, if price retraces and breaks below the $280 price level, the ETH price will fall into the previous range-bound zone.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $320, $340, $360
  • Support Levels: $300, $280, $260

Last week the price of Ethereum was in a bullish trend. Also, the bulls broke the $280 overhead resistance and reached the $320 price level. Presently, the bulls were resisted at the $320 price level. The crypto’s price is retracing to the support of the 12-day EMA. On the upside, if price retraces to the support of the 12-day EMA, the crypto’s price will resume its upward move to retest the $320 resistance level.

On the other hand, if price retraces and breaks below the $280 price level, the ETH price will fall into the previous range-bound zone. From the Fibonacci tool, the crypto’s price has retraced and broken the 0.236 (23.6%) Fib.retracement level.

If the ETH market retraced to the support of the 0.382 (38.2%) Fib. retracement level, the bulls will resume its uptrend move to the previous high. However, if the bears break the 0.382 (38.2%) Fib. level, the ETH market will be in a downtrend zone. 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. On June 22 and 23, the bulls tested the $316 resistance level and were resisted. The ETH price fell to the support of the 26-day EMA to resume another upward move.

On June 23, the bulls were resisted again as the price fell to the low of $292 but pulled back to commence a range bound move. The crypto’s price is below the EMAs which suggest that price is likely to fall. Meanwhile, the MACD line and the signal line are above the zero line which indicate a buy signal.

 

Ethereum’s price is $3,723.20 ETH/USD exchange rate today. The real-time ETH market cap of $431.48 Billion currently ranks #2 with , daily trading volume of $23.55 Billion and live coin value change of ETH -9.07 in the last 24 hours.

Live Ethereum (ETH) Price:

1 ETH/USD =$3,723.1964 change ~ -9.07%

Coin Market Cap

$431.48 Billion

24 Hour Volume

$23.55 Billion

24 Hour VWAP

$3.91 K

24 Hour Change

$-337.83

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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