Ethereum Price (ETHUSD) Attempts to Recover: Forecast for June 19, 2024

by Jennifer

Ethereum Price Analysis (ETHUSD)

Ethereum (ETHUSD) has found solid support at the $3360.31 level, showing a clear rebound from today’s open with potential to test the key resistance at $3641.82. However, if the price remains below this resistance level, the overall negative scenario is likely to persist. Downside targets include breaking the mentioned support, with a potential move towards $3132.80.


Stochastic Indicator


The stochastic indicator has clearly lost its positive momentum, which supports the likelihood of a resumption of the expected bearish trend.

Expected Trading Range for Today

  • Support: $3360.00
  • Resistance: $3660.00

Trend Forecast: Overall Bearish

Ethereum is anticipated to maintain an overall bearish trend, contingent upon staying below key resistance levels and supported by technical indicators signaling further potential declines.

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