Ethereum

Rise

<ul> 
 <li>If Ethereum’s price closes above the $1893 resistance on an hourly basis, it can continue its upward movement.</li> 
 <li>If ETH price fails to break the $1894 resistance, the downward trend can extend towards the $1858 levels.</li> 
 <li>Ethereum investors are expecting the break of the $1930 resistance and daily closes above it.</li> 
</ul> 
Ethereum’s price analysis shows that it is moving near the significant resistance zone of $1930. The potential for ETH price to break certain levels is creating excitement among investors. In this article, we will examine Ethereum’s price movement and possible scenarios. 
<h2 id="strong-medium-term-eth-analysis-strong">Medium-Term ETH Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/Can-Ethereum-Rise-to-2100-June-27th-ETH-Analysis.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134259 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Can-Ethereum-Rise-to-2100-June-27th-ETH-Analysis.png" alt="12 Hour ETH/USD Price Chart" width="3006" height="1656"></a> 12 Hour ETH/USD Price Chart 
When examining Ethereum’s 12-hour price chart, it can be seen that the price is moving near the significant resistance zone of $1930. If ETH price achieves a 2% increase, it can have the potential to break the $1930 resistance. 
According to the analysis, if Ethereum’s price closes above the $1930 resistance on a daily basis, it can continue its upward movement. The initial target is around $2000, and then it can progress towards the $2100 levels. 
Ethereum investors are expecting the break of the $1930 resistance and daily closes above it. However, if ETH price fails to surpass this resistance, it can extend the downward movement towards the $1821 levels. If daily closes below the $1821 level occur, the downward trend can continue towards the $1778 levels. 
<h2 id="strong-short-term-eth-analysis-strong">Short-Term ETH Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687873872_685_Can-Ethereum-Rise-to-2100-June-27th-ETH-Analysis.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134262 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687873872_685_Can-Ethereum-Rise-to-2100-June-27th-ETH-Analysis.png" alt="Hourly ETH/USD Price Chart" width="3006" height="1656"></a> 
Hourly ETH/USD Price Chart 
If Ethereum’s price achieves hourly candlestick closes above the $1893 level mentioned in the analysis, it has the potential to continue its upward movement. However, if ETH price fails to surpass the $1894 resistance, it can expand the downward trend towards the $1858 levels. 
If Ethereum’s price closes below the $1858 support on an hourly basis, it can continue the downward movement towards the $1828 levels. On the other hand, if ETH price surpasses the $1893 resistance and achieves hourly closes, upward movements towards the $1930 levels can be observed. 
The post <a rel="nofollow" href="https://en.coinotag.com/can-ethereum-rise-to-2100-june-27th-eth-analysis/">Can Ethereum Rise to $2100? June 27th ETH Analysis</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Can Ethereum Rise to $2100? June 27th ETH Analysis

Table of Contents

CO NEWS

Other articles published on Jun 27, 2023

Cardano’s Exciting Regulatory Advances in Indonesia Signal Future Growth, Analyst Reveals

Heat from Bitcoin Mining Fires Up Brooklyn Spa, Sparks Outrage

Bitcoin Maintains Stability above $30,000 Amid SEC’s Historic Approval of Leveraged Bitcoin Futur...

Top-Tier Analyst: Bitcoin to Reach $60,000 Again

ARK Invest believes that the approval of the Spot Bitcoin ETF Application will happen before Blac...

Golteum (GLTM) Joins Chainlink BUILD To Refine Precious Metals Trading

Join our free newsletter for daily crypto updates!