Ethereum Forecast for June 12, 2024


Welcome Bonus 30 USD

ETH/USD are trading at 3535 and continue to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the area of ​​3435. From where we can again expect a rebound in prices and continued growth of the Ethereum rate with a potential target above the level of 4385.

Ethereum Forecast for June 12, 2024

An additional signal in favor of an increase in ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the cryptocurrency growth option will be a fall in the value of Ethereum and a breakdown of the level of 3205. This will indicate a breakdown of the support area and a continued fall of ETH/USD quotes to the level of 2845. With a breakdown of the resistance area and closing of quotes above the level of 3965.

Ethereum Forecast for June 12, 2024

Ethereum Forecast for June 12, 2024 assumes an attempt at correction and a test of the support area near the level of 3435. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 4385. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of the growth option for the digital currency will be a breakdown of the 3205 area. This will indicate a continued fall of the digital currency with a potential target below the level of 2845.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment