Ethereum Price Forecast: Which Levels are Important? June 16 ETH Analysis

  • If the Ethereum price surpasses the resistance levels mentioned in the analysis, it can continue its upward movement.
  • In the bearish scenario, the support levels mentioned can limit Ethereum’s decline.
  • Paying attention to daily closings of ETH price is important to determine future movements.

When examining the technical analysis of Ethereum, it can be seen that the price moves between specific resistance and support levels, and focusing on closings is important to determine its future direction.

Medium-Term ETH Price Analysis

12 Hour ETH/USD Price Chart
12 Hour ETH/USD Price Chart

When examining the 12-hour price chart of Ethereum, it can be seen that ETH price made its first upward movement by closing above the $1632 level mentioned in the analysis and reached levels of $1678.

ETH price can continue its upward trend as long as it closes daily above the mentioned level of $1632 and can target the level of $1777.

If Ethereum closes daily above $177, it can continue its upward movement towards $1859.

However, if ETH price closes daily below $1632, it can expand the downward movement towards $1597 – $1564 levels.

Short-Term ETH Price Analysis

30 Minute ETH/USD Price Chart

30 Minute ETH/USD Price Chart

When examining the 30-minute technical chart of Ethereum, it was stated in the shared analysis that ETH price could rise up to $1680 levels.

ETH price can sustain the downward movement towards the range of $1646 – $1636 if it fails to close above the mentioned level of $1685 in the 30-minute timeframe.

If Ethereum encounters buyers from the range of $1646 – $1636 and starts to rise, it will target the level of $1700.

However, for Ethereum to achieve the $1700 target, it needs to close above the level of $1636.

If ETH price fails to hold the support at $1636, it can expand the downward movement to $1624 levels.

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

Latest News

Mt. Gox Bitcoin Payout Nears: Could $9 Billion BTC Distribution Impact Market?

The impending Mt. Gox Bitcoin payout could mark a pivotal moment for the crypto market. Learn how this historic event might impact Bitcoin prices and what it means for the industry.

What Investors Should Expect as BTC Prepares for Major Supply Shift – After Bitcoin Halving

Explore how the Bitcoin halving in 2024 could transform the cryptocurrency landscape and investment strategies.

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Bitcoin Recovers to $66K: Analysts Debate Future After Halving Dip

Get the latest insights on Bitcoin's price action, analyst predictions, and the potential impact of the recent halving event.

Bitcoin Fees Plummet, EigenLayer Yield Crisis Looms, Telegram Boosts Crypto Adoption – Today’s Crypto Roundup

Get the latest on EigenLayer's potential downturn, Bitcoin's record-breaking fees, and how Telegram is fueling the rise of Web3 in this comprehensive crypto news update.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?

Ethereum Might Be Preparing for a Rise! Current ETH Analysis

Ethereum's daily chart has sustained a rise up to $3100 after strong buying in the $2867 - $2950 range. Current ETH Analysis

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.
Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
spot_imgspot_imgspot_imgspot_img

Bitcoin and Ethereum Price Analysis: Fidelity Report Highlights Impact of Halving and Upgrade

Learn about the key factors influencing Bitcoin and Ethereum prices, including network upgrades, halving events, and insights from Fidelity's in-depth analysis.

Crypto Market Surges Alongside Stocks: Bitcoin (BTC), Ethereum (ETH) Lead Gains

The crypto market sees a significant uptrend, mirroring optimism in traditional markets. Discover insights into the correlation with the S&P 500, the role of Bitcoin ETFs, and technical indicators pointing towards a bullish outlook.

Litecoin Could Be Preparing for a 20% Rise! Current LTC Analysis

Will Litecoin continue its upward trend? What should LTC investors expect? What are the targets in the current LTC analysis?