Ethereum

<div class='code-block code-block-3' style='margin: 8px 0; clear: both;'>
<table style="width: 100%; border-collapse: collapse; height: 52px;">
<tbody>
<tr style="height: 52px;">
<td style="width: 100%; text-align: center; height: 52px;"><a href="https://en.coinotag.com/altcoin-exchange-1333421" target="_blank" rel="noopener"><strong><span style="color: #000000;">- Newly Released Coins With Plenty of Zeros  -<br><span style="color: #e67e22;">Click Here to Buy at a Low Fee Before Anyone Else!</span></span></strong></a></td>
</tr>
</tbody>
</table></div>
<ul>
<li>Ethereum has experienced a decline because it couldn&#8217;t close above the level of $1763 on the 2-hour chart.</li>
<li>If the ETH price falls below the level of $1724, it can extend its decline to the levels of $1696.</li>
<li>For Ethereum to sustain its upward trend, it is important for it to surpass the level of $1777 and achieve daily closings.</li>
</ul>
<p><strong>According to Ethereum&#8217;s 2-hour technical chart, the ETH price has not been able to surpass a certain resistance level and has experienced a decline. However, it is observed that Ethereum can continue its upward trend if specific support areas are taken into account.</strong></p>
<h2 id="strong-medium-term-ethereum-price-analysis-strong"><strong>Medium-Term Ethereum Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Ethereum-Must-Break-This-Critical-Level-for-the-Continuation-of.png"><img decoding="async" class=" td-modal-image alignnone wp-image-133686 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Ethereum-Must-Break-This-Critical-Level-for-the-Continuation-of.png" alt="12-Hour ETH/USD Price Chart" width="1986" height="857" /></a><br />
12-Hour ETH/USD Price Chart</p>
<p>When examining Ethereum&#8217;s 12-hour price chart, it can be seen that the upward movement started from the level mentioned in the previous analysis and the target is the levels of $1777.</p>
<p>The ETH price has continued its momentum by rising 8% from the specified region. At the time of writing, Ethereum is moving at $1743 levels.</p>
<p style="text-align: center;"><a href="https://en.coinotag.com/which-levels-should-ethereum-investors-follow-june-15th-eth-analysis/" target="_blank" rel="noopener">Check Out Our Previous ETH Analysis</a></p>
<p>For Ethereum to sustain its upward trend, it needs to surpass the level of $1777 and achieve daily closings above this region.</p>
<h2 id="strong-short-term-eth-price-analysis-strong"><strong>Short-Term ETH Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687003988_903_Ethereum-Must-Break-This-Critical-Level-for-the-Continuation-of.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133687 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687003988_903_Ethereum-Must-Break-This-Critical-Level-for-the-Continuation-of.png" alt="2-Hour ETH/USD Price Chart" width="1986" height="857" /></a></p>
<p>2-Hour ETH/USD Price Chart</p>
<p>When examining Ethereum&#8217;s 2-hour technical chart, it is observed that the ETH price has experienced a decline because it couldn&#8217;t achieve 2-hour candle closings above the level of $1763.</p>
<p>At the time of writing, Ethereum is moving at $1739 levels and the nearest support region is at $1724.</p>
<p>If the ETH price achieves 2-hour candle closings below the level of <strong>$1724</strong>, it can extend its decline to the levels of $1696.</p>
<p>However, if Ethereum stays above the level of <strong>$1696</strong> and continues with candle closings, it may continue its upward movement.</p>
<p>If the ETH price is above $1696, the nearest support region is at $1686. Ethereum can make a sudden and sharp movement towards $1686 levels.</p>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/ethereum-eth-must-break-this-critical-level-for-the-continuation-of-the-rise/">Ethereum (ETH) Must Break This Critical Level for the Continuation of the Rise!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Ethereum (ETH) Must Break This Critical Level for the Continuation of the Rise!

Table of Contents

CO NEWS

Other articles published on Jun 17, 2023

Shiba Inu (SHIBUSD) price dips Amid Market Volatility; What to Expect?

Bitcoin Exchange Binance Announces Settlement Agreement with SEC

Exciting Market Potential: Descending Triangle on QNT/USDT Chart Signals Potential Upside Breakout!

Bitcoin's Striking Parallels: 2023 Echoes 2020 for Crypto Enthusiasts

BlackRock’s Bitcoin ETF Application: A Boon for the Crypto World

Uniswap Aligns with Wormhole and Axelar for Cross-Chain Bridging

Join our free newsletter for daily crypto updates!