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

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? 2Ethereum 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.

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