Ethereum (ETHUSD) Price Forecast: June 8
There is a possibility for the ETHUSD pair to retest its previous high of $2142.85 high value soon as the coin is now making a correction to the upside at the moment. If the forces from buyers in the market should increase and the current support level at $1777.25 holds, the coin price may possibly rise further to retest the mentioned previous high which could further 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: Bearish (Daily Chart)
The Ethereum price is in a bearish trend in its long-term view. The price bar can be sighted below the two moving averages, this is because the bears are now involved in the order flow, but it seems that the bulls are about to take over and push us higher.
The sustained bearish pressure at the $1777.25 support value during the yesterday’s section has made the crypto’s price to stay below the supply trend line in its recent high.
Being affected by the widespread uncertainty in the crypto market, the Ethereum coin price showed a slow yet steady recovery in the daily time frame chart. The bulls made a correction at the $1819.49 resistance level below the two EMAs as the daily session opens today. The pressure to acquire the crypto would increase if it broke beyond the $2142.85 high mark.
In addition to that, the market daily stochastic is pointing up, which will attract more buyers to the market in search of a bullish continuation pattern. If that happens, the price may further climb toward a $2500.00 upper high level, which would strengthen the bullish trend in the long-term perspective.
ETH (USD) Medium-term Trend: Bearish (4H Chart)
Ethereum market is having a bearish posture in its medium-term outlook as can be seen from the chart below. This is due to the inflow from the sell traders. 
The sustained pressure from the bears at the $1777.25 support level in the past few hours has contributed to its bearishness in its recent price level.
The long traders made a correction to the $1817.49 supply value as the 4-hourly chart resumes today. Thus, if the bulls boost their market stress, the price tendency will rise above the key levels.
In addition to that, the price action might possibly continue in an uptrend as the price indicator signaled upward; should the buy traders increase their price action, and a bullish momentum is sustained, the ETHUSD pair may likely increase further to a significant level of $2500.00 upper resistance level and beyond in the days ahead in its medium-term outlook. This signals a BUY trade again in its medium-term time frame.
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