Author Topic: Ethereum Price Prediction: Long-term (ETH) Value Forecast June 22  (Read 1048 times)

Offline BitcoinExchangeGuide

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TH/USD Long-term Trend: Ranging

   Resistance Levels: $300, $320, $340
   Support Levels: $280, $260, $240

The ETH/USD pair is now in a bullish trend.  In the last one month, the price of Ethereum had been trading between the levels of $220 and $280.  The bulls had made several attempts to break out this range but to no avail.  On June 21, the bulls broke the $280 upper price range and reached the previous high of $315 price level.

The 12-day EMA and the 26-day EMA are trending  northward indicating an uptrend.  A trend line has been drawn to determine the duration of the bullish trend.  If a bullish trend is ongoing, the candlestick will test the trend line and make an upward move to the previous highs or new highs.

eETH/USD pair is still in a bullish trend.  However, if price breaks the trend line and another candlestick closes on the opposite of it; the bullish trend is said to be terminated.  The ETH price is expected to reach a high of $340 price level.  Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. com and do not constitute financial advice.  Always do your own research.

Source: www. bitcoinexchangeguide. com   


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