Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Ethereum price prediction from a previous analysis ETH Key Level Holding Strong As Predicted! What Now?.
For days now, we have been tracking the Ethereum Head and Shoulders Pattern currently playing out in the 4-hour timeframe. This unique pattern has provided us with two key levels to watch for either for the bullish or bearish scenario ETH Key Level Holding Strong As Predicted! What Now?.
In this Ethereum analysis, we will be updating you on exactly what the ETH price is doing right now within these key levels and what we are expecting in the coming days.
To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $30,000 Bonus when you fund your Bybit account with our Bybit link
Claim up to $30,030 in Bonus
100x Leverage
Start TradingEthereum Ranging Market Continues!
ETH Ranging Market Continues! What Now? Watch these key levels in the 4-hour timeframe
The Ethereum price is right now still trading within the two key levels we are monitoring in the 4-hour timeframe. For the ETH price to come out of this range, we need to see the Altcoin breakthrough and close either above or below one of these key levels.
For our bearish bias on Ethereum to remain valid, we need the Altcoin to break through and close below the $1,755 key support.
Only a bearish breakdown and price close like this would be the perfect indication of the end of the ranging market for Ethereum and the resumption of the push lower in the coming days.
ETH Ranging Market Continues! What Now? Watch these key levels in the 4-hour timeframe
Final Verdict!
The Ethereum trend is still undecided on the direction it wants to take for the next couple of weeks. For our bearish prediction in Ethereum to remain valid, we need to see the ETH price breakthrough and close below the $1,755 key support.
Claim up to $30,030 in Bonus
100x Leverage
Start TradingHow to Trade Bitcoin (BTC)?
To understand the basics of Bitcoin trading, you can read our How To Trade Bitcoin Guide. It can prove helpful for traders who are just getting started with Bitcoin trading. You can also check out our list of top Bitcoin Exchanges To Trade With.
PrimeXBT Covesting: Trade Hassel Free
Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link PrimeXBT Covesting
The post Ethereum Price Prediction Daily (1-June): ETH Ranging Market Continues! What Now? appeared first on Bitcoinsensus.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.