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The post <a href="https://coinpedia.org/price-analysis/will-ethereum-eth-price-surge-beyond-4k-this-june-amid-increased-market-volatility/">Will Ethereum (ETH) Price Surge Beyond $4K This June Amid Increased Market Volatility?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a>, holding its price above the $71,000 mark, the cryptocurrency market continues to display a positive price action with top altcoins adding significant value in their respective portfolios. 
On the other hand, the leader of altcoins, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price</a>, has displayed a similar price movement by recording a trading volume of $14.28 Billion and adding approximately 2% in valuation within the past day. 
<h2 class="wp-block-heading" id="h-eth-price-hints-a-bullish-price-action">ETH Price Hints A Bullish Price Action:</h2> 
The ETH token displayed a weak price action by trading in a closed range between $3,020 and $3,400 for a brief period. As the volatility in the market grew, the bulls regained momentum and the altcoin leader recorded a bullish breakout in the chart. 
Since then, the <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum price</a> has continued to hold its price above its important support level of $3,730, indicating a positive influence for the crypto token in the market. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="539" src="https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action-1024x539.png" alt="" class="wp-image-312942" srcset="https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action-1024x539.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action-150x79.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/06/06140022/ETH-Price-Hints-A-Bullish-Price-Action.png 1435w" sizes="(max-width: 1024px) 100vw, 1024px">
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 TradingView: ETH/USDT
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</figure> 
Positively, the ETH Coin price has added 1.47% within the past day and 2.18% over the past week. Further, it has jumped 21.27% within the past 30 days and has a Year-to-Date (YTD) return of 68.58%, suggesting a positive outlook for the altcoin in the coming time. 
The technical indicator, SMA, acts as a support to the price chart, indicating increased buying-over-selling price for the leader of altcoins in the crypto market. 
On the other hand, the Relative Strength Index (RSI) continues to hover close to its overbought range, highlighting a strong bullish sentiment in the crypto space. Moreover, the average displays a high possibility of a bullish convergence in the 1D time frame, suggesting the price will continue gaining value this week. 
<h2 class="wp-block-heading" id="h-will-ethereum-price-go-high">Will Ethereum Price Go High?</h2> 
If the bulls regain momentum, the Ethereum price will test its resistance level of $4,094. Maintaining the price at that level will set the stage for the ETH coin price to test its upper resistance level of $4,500 during the upcoming weeks. 
Conversely, if the bears overpower the bulls, the Ethereum token will fall below its important support level of $3,730. Furthermore, if the bulls fail to regain momentum, the ETH crypto will further plunge and prepare to test its lower support level of $3,400 this month. 
Read Also : <a href="https://coinpedia.org/news/ethereum-etfs-face-major-delays-secs-gensler-reveals-crucial-details/">Ethereum ETFs Face Major Delays: SEC’s Gensler Reveals Crucial Details</a>

Will Ethereum (ETH) Price Surge Beyond $4K This June Amid Increased Market Volatility?

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