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If Ethereum Holds on to Criticism Support, Is Its Target $1800? June 18th ETH Analysis

  • Ethereum continues its horizontal movements above the level of $1715.
  • Daily closures above the level of $1717 can support the upward movement.
  • However, closures below the level of $1717 can trigger a downward movement.

When the technical chart of Ethereum is examined, it can be seen that it continues its horizontal movements above the level of $1715. If the price closes daily above the level of $1717, the upward movement can be targeted.

Medium-Term ETH Price Analysis

Daily ETH/USD Price Chart
Daily ETH/USD Price Chart

When the daily price chart of Ethereum is examined, it can be seen that it continues its price movements above the level of $1717.

As ETH price closes above the level of $1717 on a daily basis, it can expand the upward movement towards the levels of $1777 again.

However, if Ethereum closes below the level of $1717 on a daily basis, the downward movement can continue until the levels of $1683.

As long as ETH price maintains its stability above the level of $1683, it will tend to continue the upward trend.

However, if Ethereum achieves daily closures below the level of $1683, it can expand the downward movement to the levels of $1630.

In order for Ethereum to sustain its upward trend, it is important to continue staying above the level of $1717, in which case the next target could be the levels of $1800.

Short-Term ETH Price Analysis

2-Hourly ETH/USD Price Chart

2-Hourly ETH/USD Price Chart

When the technical chart of Ethereum in the short time frame is examined, it can be seen that it continues its horizontal movements above the level of $1715.

As ETH price closes above the level of $1715 on a daily basis, it can expand the upward movement to the levels of $1779.

However, if Ethereum achieves daily closures below the support level of $1715, it can continue the downward movement towards the level of $1696.

If the support level of $1696 for ETH is broken, further downward movement can occur towards the levels of $1687.

If Ethereum achieves hourly closures below the level of $1687, it can expand the downward movement to the levels of $1665.

However, as long as ETH continues to stay above the level of $1715, it tends to continue the upward movement.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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