Ethereum (ETHUSD) Price Forecast: June 28
The ETHUSD market is positive today and also presents a buy signal at the current price of $1879.44. The price is in an upward channel, with the look of things, it seems that the coin may likely break up the $2142.85 level soon if the buy traders should increase their tension in the market. The coin might likely hit the $2500.00 supply level, resulting in an intraday gain and a buying opportunity for the coin traders.
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)
Ethereum price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
This is clear as we can see the prices trading above the supply levels while approaching the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
However, the bulls’ pressure on the altcoin in the past few days has sustained the coin price above the resistance trend levels in its recent high.
Currently, the ETHUSD price trades at the $1879.44 resistance level above the two EMAs and shows signs of a bullish continuation pattern. This potential bullish momentum could surge the prices by 20% high to challenge the overhead resistance trend line at $2142.85.
Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the daily stochastic pointing in an upward direction, the bulls could therefore aim at the psychological level of $2500.00 resistance value in the days ahead as Ethereum remains firm and presents a buy signal above the supply trend levels in its long-term perspective.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
Ethereum is in a bullish trend market in its medium-term view. The price bar can be sighted above the EMA-50, which has confirmed its upward move.
The bulls have sustained the crypto market at the $1908.95 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
Despite the interactions from the short traders, the bulls caused a rise to a $1879.20 high level above the EMA-50 as the 4-hourly chart opens today.
Thus, staying above the supply trend levels makes it capable for the crypto to rise further and might break up the $1933.72 previous high soon.
Similarly, ETHUSD price indicates an upward momentum on the daily signal, this indicates that the pair will continue to increase to the upsides and this may get to the $2500.00 upper resistance trend mark soon in its medium-term outlook.
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