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Ethereum price follows BTC dip into $218, recovering slow

Ethereum price follows BTC dip into recovering slow

The queen of cryptocurrency Ethereum ETH price movement followed the king of cryptocurrency Bitcoin BTC closely into the recent dip. Ethereum price went as low as $218 while the BTC price fell below the $9000 mark on the 15th of June.

Ethereum price chart 1 - 15 JuneEthereum price chart by Trading View

Ethereum price charts have been displayed a very similar movement as the Bitcoin price charts while the king may have seen some divergences. ETH price when as high up to $233.60 at one point but unable to sustain the high it fell back down. At the time of writing the queen of cryptocurrency is trading hands at $229.55.

Ethereum price movement: What to expect?

Trading View analyst Nathan Black believes that the queen of cryptocurrency may be showing some bleak tendencies while failing to hold the grounds above $230 mark, it is only a temporary move.

Ethereum price chart 2 - 15 JuneEthereum price chart by Trading View

Nathan believes that the strongest support is found at the $217 mark while the strongest resistance is found at the $252 mark. However, he is optimistic that the queen of cryptocurrency would easily move past the current hurdles and towards the $240 mark.

While another analyst, John Scam shares similar sentiments in his analysis. John sees strong resistance at the $247 mark while he is also confident that the ETH price would continue to rise out of the current hurdles and onto new highs even if they are below the $250 mark. Cautious trading is advised as always to keep your investments secure.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

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Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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