Ethereum Price Forecast: ETH/USD May Trade Sideways at $2400

Ethereum Price Forecast – June 14 Ethereum price is likely to drop to $2450, but a recovery above $2500 could help ease initial pressures. ETH/USD Market Key Levels: Resistance Levels: $3100, $3300, $3500 Support Levels: $1800, $1600, $1400 ETHUSD – Daily Chart Buy Ethereum Now At time of writing, ETH/USD defending support at $2450 shows sufficient strength. . All recovery attempts since the drop to $2250 succumbed to selling activity below $2300 a few days ago. At the time of writing, Ethereum price is hovering at $2498 after losing 0.49% on the day. In the near term, bearish momentum is very likely, especially if the bulls fail to sustain the price above USD 2500 and break the support at the bottom of the channel. Ethereum Price Forecast: What's Next? Ethereum price must now climb above $2,500 before resuming the previous uptrend and still break below the channel's lower border of $2200 before falling back. Therefore, if the sellers push down, traders can expect very strong support at $2000; this is then followed by support at $1900. If the bears push it further below this support, additional supports could be found at $1800, 1600 and $1400. On the other hand, if the buyers regroup and bounce back at $2450, the first level of resistance is at $2800. This is followed by the $3100, $3300 and $3500 resistances, while the Relative Strength Index (14) is at 46 to show the indecision in the market. If the technical indicator breaks below this level, Ethereum price could decline below $2400 and possibly $2200. Compared to Bitcoin, Ethereum price continues to trade as bears still dominate the market. ETH/BTC is currently trading at 6343 SAT and the bulls have been unable to push the price north. But if the price breaks below the lower border of the channel, the next key support

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