$ 1,130.57 6.42%
$ 35.31 8.69%
$ 0.065615 8.39%
$ 4.80 7.60%
$ 20,081.00 4.03%
$ 220.05 7.49%

Ethereum price analysis 23rd June 2019; would ETH sustain $300?

eth price analysis 23 june

Ethereum (ETH) price reached three hundred and twelve dollars ($312). To get there, ETH has gained fifteen percent (15%) increase over the last week.

Ethereum is the second largest cryptocurrency with a market cap around thirty-three billion dollars ($33bn) has been struggling for a long time to cross the resistance level of three hundred dollars ($300).

Ethereum price analysis 23rd June 2019; would ETH sustain $300? 1Ethereum ETH price chart by Trading View

The ETH/USD 1-Day analysis shows that ETH has surpassed the two hundred and seventy-eight dollars ($278) resistance level and reached three hundred dollars ($300).

The higher resistance levels lie around three hundred and fifteen dollars ($315) and if the bulls prevail the level can rise to three hundred and fifty dollars ($350).

If bulls continue over this range the resistance can increase up to four hundred dollars ($400).

The lower level support is around three hundred ($300) and below this level, the support lies at $279, $271 and $250. If selling occurs with fast pace the support can reach two hundred and twenty-five dollars ($225).

The RSI is pointing towards the overbought area and the trading volume has been well maintained.

Ethereum price analysis 23rd June 2019; would ETH sustain $300? 2

Ethereum ETH price chart by Trading View

The ETH/BTC 1-day analysis has revealed that the pair is declining and ETH has declined 0.029 BTC level. The higher resistance areas are around 0.029 BTC and 0.02970 BTC and the higher areas can go up to 0.0309 BTC.

If bulls exert pressure at this point the level can rise up to 0.0325 BTC. The lower support region lies at 0.0285 BTC and below this further support, can reach 0.02678 BTC. The trading volume for the pair is average.

The RSI points toward the oversold territory and is showing positive momentum in the price in the near future.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Russia goes easy on crypto tax as sanctions heat up
Ronin bridge returns online after hack
Aave price analysis: AAVE crashes by 10% in the last 24 hours
Dogecoin price analysis: DOGE/USD pair set to break past the daily resistance found at $0.08
Tezos price analysis: XTZ fails to sustain the rebound, falls below $1.6 support

Follow Us

Industry News

Ronin bridge returns online after hack
Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report
US adults turn strong hands, predict Bitcoin at $38,000 on average in 6 months
Nexo reacts to new Emblezzlement allegations and threatens legal action