Ethereum

Bitcoin

Daily

<ul>
 <li>Ethereum experienced a drop without breaking the $1930 resistance and is currently trading at around $1917.</li>
 <li>If ETH can make daily candle closes above the $1930 resistance, it can continue its upward movement towards $2000 and $2080 levels.</li>
 <li>In the last 24 hours, Ethereum’s volume decreased by 22.29% to $6,311,554,941. Today, Ethereum DEX volume was recorded as $27,184,480.</li>
</ul>
When examining Ethereum’s current technical chart, it can be seen that it is moving near the $1930 resistance level. However, due to its failure to break the resistance, a drop occurred and it is currently trading at around $1917.
<h2 id="strong-medium-term-eth-analysis-strong">Medium-Term ETH Analysis</h2>
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/If-Ethereum-Breaks-Resistance-is-the-Target-2000-June-25th.png" rel="noopener noreferrer nofollow"></a>
Daily ETH/USD Price Chart
When examining Ethereum’s current technical chart, it can be observed that the price is moving near the important resistance zone of $1930. Today, ETH tested the $1930 resistance but experienced a drop without closing above it. Currently, the Ethereum price is trading at around $1917.
If the ETH price can achieve daily candle closes above the mentioned $1930 resistance in the analysis, it can continue its upward movement towards the $2000 level first, and then towards the $2080 level.
While Bitcoin price saw a 0.44% increase today, Ethereum price saw a 2.24% increase. With the rise of Ethereum, many altcoins experienced an increase of more than 3%.
If Ethereum can successfully break the $1930 resistance, it can quickly progress towards its target levels. The most important resistance zone for ETH is between $2070 and $2123.
<h2 id="strong-short-term-eth-analysis-strong">Short-Term ETH Analysis</h2>
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687706631_532_If-Ethereum-Breaks-Resistance-is-the-Target-2000-June-25th.png" rel="noopener noreferrer nofollow"><img loading="lazy" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687706631_532_If-Ethereum-Breaks-Resistance-is-the-Target-2000-June-25th.png" alt="30-Minute ETH/USD Price Chart" width="2972" height="1656"></a>
30-Minute ETH/USD Price Chart
When examining Ethereum’s short-term technical chart, it can be seen that the price is facing selling pressure near the important resistance zone of $1930. If ETH’s upward movement continues and it breaks the $1930 resistance with candle closes above it, the next target level will be $1962.
However, if the Ethereum price fails to break the mentioned $1930 resistance level, it may continue its downward movement towards the support range mentioned in the analysis, which is between $1888 and $1880.
According to the volume data in the last 24 hours, Ethereum’s volume was recorded as $6,311,554,941, indicating a decrease of 22.29%. Today, Ethereum DEX volume was $27,184,480.
The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/if-ethereum-breaks-resistance-is-the-target-2000-june-25th-eth-analysis/">If Ethereum Breaks Resistance, is the Target $2000? June 25th ETH Analysis</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

If Ethereum Breaks Resistance, is the Target $2000? June 25th ETH Analysis

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