Can Ethereum Rise to $2100? June 27th ETH Analysis

  • If Ethereum’s price closes above the $1893 resistance on an hourly basis, it can continue its upward movement.
  • If ETH price fails to break the $1894 resistance, the downward trend can extend towards the $1858 levels.
  • Ethereum investors are expecting the break of the $1930 resistance and daily closes above it.

Ethereum’s price analysis shows that it is moving near the significant resistance zone of $1930. The potential for ETH price to break certain levels is creating excitement among investors. In this article, we will examine Ethereum’s price movement and possible scenarios.

Medium-Term ETH Analysis


12 Hour ETH/USD Price Chart

When examining Ethereum’s 12-hour price chart, it can be seen that the price is moving near the significant resistance zone of $1930. If ETH price achieves a 2% increase, it can have the potential to break the $1930 resistance.

According to the analysis, if Ethereum’s price closes above the $1930 resistance on a daily basis, it can continue its upward movement. The initial target is around $2000, and then it can progress towards the $2100 levels.

Ethereum investors are expecting the break of the $1930 resistance and daily closes above it. However, if ETH price fails to surpass this resistance, it can extend the downward movement towards the $1821 levels. If daily closes below the $1821 level occur, the downward trend can continue towards the $1778 levels.

Short-Term ETH Analysis

Hourly ETH/USD Price Chart

Hourly ETH/USD Price Chart

If Ethereum’s price achieves hourly candlestick closes above the $1893 level mentioned in the analysis, it has the potential to continue its upward movement. However, if ETH price fails to surpass the $1894 resistance, it can expand the downward trend towards the $1858 levels.

If Ethereum’s price closes below the $1858 support on an hourly basis, it can continue the downward movement towards the $1828 levels. On the other hand, if ETH price surpasses the $1893 resistance and achieves hourly closes, upward movements towards the $1930 levels can be observed.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

SEC Acting Chair Calls for Review of Regulations Impacting DOGE Amid Competitive Financial System Push

On April 6th, the SEC's Acting Chair, Mark Uyeda,...

Bitcoin’s Fear and Greed Index Climbs to 30: Analyzing Market Sentiment Trends

The latest update from COINOTAG on April 6th reveals...

Trump’s Trade Policy to Propel Bitcoin Demand as a Safe Haven Amid Global Economic Turbulence

According to a recent analysis by Bitwise's Jeff Park,...

Justin Sun Compares FDT Theft to FTX Scandal: A Deeper Look into Misappropriated User Funds

In a recent post on the X platform, Justin...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img