Ethereum Price Prediction – June 28
At the time of writing, the Ethereum price is seen moving above the $2,000 price mark and it is currently changing hands at $2,110.
ETH/USD Market
Key Levels:
Resistance levels: $2700, $2900, $3100
Support levels: $1400, $1200, $1000
ETH/USD has once again touched the $2135 mark as the number two crypto faces the path of development once again but this can only be confirmed if the market price remains above $2000. However, the Ethereum price is hovering within the 9-day and 21-day moving averages at $2,110 with 6.35% gains in the last 24 hours. Meanwhile, ETH/USD may again drop below this level if the bulls fail to push it above the 21-day moving average.
Ethereum Price Prediction: Ethereum (ETH) May Gain More
As the daily chart reveals, traders can observe that since the beginning of this month, the Ethereum price has not been able to display the strong bullish momentum. Nevertheless, the good thing is that the coin is not decreasing drastically. Therefore, the Ethereum price needs to stay above $2000 consistently for the next few days to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves above 40-level.
However, at the time of writing, the Ethereum price only needs to conquer a few crucial resistance levels of $2300 and $2500 to stay comfortably at the top. Now, if the coin closely manages these levels well, then it could reach the potential resistance levels at $2700, $2900, and $3100 respectively. On the downside, if the bears wish to maintain their drive, ETH/USD may likely drop below the 9-day moving averages, and then further bearish movement could drag it to the critical supports at $1400, $1200, and $1000 respectively.
Against Bitcoin, Ethereum is currently trading above the 9-day moving average, getting ready to also cross above the 21-day moving average. The Ethereum price is changing hands at 6091 SAT as the technical indicator Relative Strength Index (14) moves to cross above 50-level.
However, the daily chart reveals that buyers are having the day as the resistance levels to be reached are 6500 SAT and 6700 SAT. Conversely, a lower sustainable move below the lower boundary of the channel may likely cancel the bullish pattern and could attract new sellers to hit the supports at 5000 SAT and 3000 SAT.
Looking to buy or trade Ethereum (ETH) now? Invest at eToro!
75% of retail investor accounts lose money when trading CFDs with this provider
Credit: Source link
