Ethereum (ETH) Daily Price Forecast – June 19


ETH/USD Medium-term Trend: Ranging

Resistance Levels :$ 520, $525, $530
Support Levels: $510, $505, $500

Yesterday, June 18, the price of Ethereum touched the lower band of the Bollinger bands and this indicates a buy signal. Today, Ethereum asset has risen up to the high of $515. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, the 12-day EMA and 26-day EMA  are neither above nor below the price of the asset indicating a neutral signal. The relative strength index is period 14 is level 56 indicates that price is in the range bound zone. The asset resumed a range bound movement after it attained the high of $515.

ETH/USD Short-term Trend: Bullish

In the 1-hour chart, the asset had a bullish movement to the high of $515 and was resisted by the bears. Meanwhile, the MACD line and the signal line are above the zero line indicating a buy signal for the asset. In addition, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

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





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