Ethereum Price Forecast: ETH/USD Market Slips

Market Moves Sideways – June 14 ETH/USD market moves sideways around the $2,500 key level and is currently trading around -0.87 percent at a market cap of $2,490. Market Moves Sideways: ETH Market Key Levels: Resistance Levels: $3,000, $3,500, $4,000 Support Levels: $2,000, $1,800, $1,600 ETH/USD – Daily Chart The placement of trading indicators on the ETH/USD daily chart, the crypto market's 2,500 It moves sideways around the USD level. The uptrend line is drawn below the SMAs to clearly show that an uptrend is ahead. 14=daily SMA trendline is above the 50-day SMA indicator. Stochastic Oscillators have moved down from the overbought zone, again crossing the lines in the 20 to 40 range. This also signals a possible reversal of an upside move in the near term. Buy Ethereum Now ETH/USD Market Slips, Will There Be A Sustainable Increase In Price Action Soon? Now, the current market movements appear to be sideways to create a good entry point for ETH/USD bulls to start a booth. Moving north seems to find support on the buy signal side of the uptrend line drawn below the SMAs. A strong northward push could cross the sell signal side of the smaller SMA, potentially marking another key point to the upside. Breaking the smaller SMA trendline in the north could make it harder for the bears to make a good long-term entry into the crypto market. The type of signal currently displayed by stochastic oscillators seems to predict a reversal of upside pressure, which could be a notable session for trading time. ETH/BTC Price Analysis On the scale of trend comparison between Ethereum and Bitcoin, the old crypto still has more movement capacity than the second trading tool. Currently, the market has been moving sideways between 14 and 14 for about a few days.

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  • BrokerEUR/USD
    ETX Capital 0.6pips (variable) margin: 3.33%
    LCG 0.3pips (variable) margin: 3.33%
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