Ethereum Price Prediction: Ether (ETH) May Get Back in the Game Soon 

UK-based Crypto Trading Platform is Launches Ethereum Futures Contracts
You have not selected any currencies to display

The price of ETH has gone into a short term correcting rally against the USD and Bitcoin. If the rally continues, and Ether holds the $580-$585 support levels, an upward correction may be on the way.

Ethereum Price Today: Current Price of ETH

Ether formed an important bearish trendline yesterday close to $625.00. After days of struggle, the pair managed to move above $600.00 on a psychological level. However, there was resistance along the way, and a top was formed at $628.21 short-term.

The Ether to Bitcoin trading pair also had some noteworthy gains above the 0.0780BTC level. Ether managed to test the resistance at 0.0800BTC. Currently, the price is consolidating at 0.0780BTC.

Price Analysis For Ether

From the 30-minute ETH/USD chart, you’ll find an upside swing just above the resistance at & $600.00. Ether traded above $625.00 but was unable to hold the gains subsequently forming a new high at $628.21. After reaching $628.21, a downward correction started.

SEE ALSO:   Litecoin Cash Predictions: Why is Litecoin fork Litecoin Cash rising? LCC / USD - Litecoin Cash Price Analysis -Sun Jun 24

The decline led Ether to break a connecting bullish trendline at the $618.00 level as well as the horizontal support at $610.00. It also went below the 50% fib retracement level from the last $590.25 to $628.21.

Currently, the price is trading below $600.00 and has a resistance at around $605.00. There is a broken horizontal support that may prevent the upside move.

The Ether to USD pair has resistance around $605.00, $610.00 as well as $625.00. If the price closes above $625.00 the way will be open for a new wave to $640.00. This will be good news for traders as further gains may be generated after this point.

SEE ALSO:   Ethereum Price Analysis: Ether to USD Trading Pair Continues to Gain Support

Traders should look out for $610.00 and $625.00 as the new resistance levels and the significant support levels at $585.00 and $580.00. The relative strength index is near 55 while the MACD is on a bullish slope.

This isn’t the best time to define long term positions. Traders need to be observant and take note of the market trend before making any move long term.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   Ethereum price predictions 2018: How high can Ethereum go? - ETH Price Today-Sun Jun 24

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!