Ethereum (ETHUSD) Price Forecast: June 17
ETHUSD selling pressure may possible end soon to face the positive side as usual. Ethereum (ETHUSD) set to rebound at $1620.15 value .Therefore; if buyers should change their buying orientation and accelerate their price actions in the market $2142.85 previous high may be retested which might lead the coin price to the $2500.00 upper high value and beyond.
Key Levels:
Resistance Levels: $1800.00 $1900.00, $2000.00
Support Levels: $1400.00, $1300.00, $1200.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
As an outcome of low volume from the bulls, ETHUSD pair is in a bearish trend on the daily chart. The coin price can be seen trading below the supply levels, indicating a bearish trend.
The market has been slowed down due to the high interaction from the bears at the $1630.00 low level in the previous action; this has contributed to its downward trend in its recent times.
The short traders further drop the coin price to the $1620.15 low level as the daily chart opens today, meanwhile, the current price at a $1620.15 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, there is possibility of a price reversal at the mentioned support level as the market is now below the 20% in the oversold region of the daily stochastic. This means that the selling momentum will end soon and time to gain more strength by buyers is near.
The next bullish correction phase could reach a high at $2500.00 upper supply mark in the days ahead as we watch the Ethereum market turns bullish sooner in its long-term outlook.
Therefore traders should get ready for a time to buy the coin as the market turns to a bullish zone very soon.
ETH (USD) Medium-term Trend: Bearish (4H Chart)
Ethereum is also bearish in its medium-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages. 
The crypto has been having an interference with the sell traders in the previous action and has dropped the price to a low at the $1630.00 value which really made the coin price stay below the supply levels in its recent low.
The bears made a drop to the $1620.15 support value below the two EMAs as the 4-hourly session opens today. This is as a result of high turnover by the sell traders.
Meanwhile, it is expected of the ETHUSD price to retrace from the $1630.00 low level to higher resistance mark as the coin market is oversold already. We now expect the crypto’s price to reach the $2500.00 high mark in the coming days.
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