Ethereum Price Prediction Today: Daily (ETH) Value Forecast – June 27
- After a bullish break at the $280 price level, the ETH market reached a high of $360 price level.
- On the downside, if the bearish pressure continues, the market will reach a low at $270 price level.
ETH /USD Medium-term Trend: Bearish
- Resistance Levels: $320, $340, $360
- Support Levels: $300, $280, $260
Yesterday, June 26, the price of Ethereum was in a bearish trend. After a bullish break at the $280 price level, the ETH market reached a high of $360 price level. Yesterday, the crypto’s price was resisted at the $360 price level and the market went on a downward correction to a low at $289.
On the downside, if the bearish pressure continues, the market will reach a low at $270 price level. A bearish trend line is drawn to determine the duration of the trend. A bearish trend is ongoing if the crypto’s price does not break the trend line.
The crypto’s price will test the resistance level and resume the downward fall. On the other hand, a bearish trend is assumed terminated if the price breaks the trend line and another candlestick closes on the opposite of it. 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. The 12-day EMA and the 26-day EMA are trending southward. In the lower time frame, the bulls were facing resistance at the $350 price level.
However, the bulls were resisted at the $350 price level and the market fell to a low at $291 price level to commence a range bound move. Meanwhile, the MACD line and the signal line are above the zero lines which indicate a buy signal.
Ethereum’s price is $3,821.47 ETH/USD exchange rate today. The real-time ETH market cap of $442.49 Billion currently ranks #2 with , daily trading volume of $21.97 Billion and live coin value change of ETH 8.33 in the last 24 hours.
Live Ethereum (ETH) Price:
1 ETH/USD =$3,821.4737 change ~ 8.33%
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