Can Ethereum Rise to $2000? June 21st ETH Analysis

  • If Ethereum fails to close 30-minute candles above the $1827 level, a downward movement towards the gray area indicated on the chart may occur.
  • If ETH manages to bounce back from the $1775 – $1787 support range, it can achieve an upward movement towards the $1828 level.
  • If Ethereum closes daily candles above the $1847 level, the next resistance point will be $1930.

When analyzing the current price of Ethereum, we focus on its movement above the $1827 level. It is also important to observe how ETH moves between specific support and resistance zones.

Medium-Term ETH Analysis


8-Hour ETH/USD Price Chart

According to the current technical chart, Ethereum is moving above the $1777 resistance level. As mentioned in previous analyses, the upward movement started when ETH broke the $1777 level.

If Ethereum continues to close daily candles above the $1777 level, it can achieve an upward movement towards the $1847 level. Currently, ETH is trading around $1811.

However, if ETH fails to sustain the upward movement at the $1847 level, a downward movement towards the $1777 region may occur again.

If ETH successfully closes daily candles above the $1847 level, the next significant resistance point will be $1930. If Ethereum surpasses the $1930 resistance, it can experience an upward movement towards the $2000 level.

Short-Term ETH Analysis

15-Minute ETH/USD Price Chart

15-Minute ETH/USD Price Chart

According to the price analysis of Ethereum, if ETH fails to close 30-minute candles above the $1827 level, a downward movement towards the gray area indicated on the chart may occur.

If ETH manages to bounce back from the $1775 – $1787 support range mentioned in the analysis, it can potentially achieve an upward movement towards the $1828 level.

In order for Ethereum to initiate a downward movement towards the mentioned support range, it first needs to close candles below the $1800 level. If ETH closes candles below $1800, it can extend the downward movement towards the $1775 – $1787 level.

BREAKING NEWS

Bitcoin Whale Resumes Buying 800 BTC at $106,060 After Year-Long Silence, Fourth Purchase Since 2022–2024

COINOTAG News, on November 4, citing EmberCN monitoring, reports...

FTX Withdraws Motion to Restore Trust in Delaware Bankruptcy Case, Halting Foreign Restricted Procedure for Restructuring

COINOTAG News reports, citing Delaware bankruptcy court records, that...

Bitcoin May Benefit If Supreme Court Curbs Trump’s Emergency Tariff Powers

COINOTAG News reports a broad US coalition of business...

Bitcoin Holds Above $100K as Price Action Signals Regime Shift from 3 to 4, Traders Warn of Tough Months Ahead

COINOTAG News reported on November 4 that veteran trader...

Chainlink Nears $15-$14 Support, Potential Rally to $46 on Hold

Chainlink ($LINK) price is testing the critical $15–$14 support...

ARK Invest Expands Bullish Stake as Platform Hits $82M Volume in Bitcoin Trading

Bullish's crypto options platform launched recently, drawing...

Bitcoin November Dip Echoes 2024 Setup, Hinting at Possible Rebound

Bitcoin's early November 2025 dip mirrors the 2024 setup,...

Ripple Acquires Palisade to Enhance XRP Ledger Custody Infrastructure

Ripple has acquired Palisade, a digital asset...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img