Ethereum

Resistance

Daily

<ul> 
 <li>Ethereum (ETH) price is moving near the $1828 support.</li> 
 <li>If ETH closes above the $1821 level on a 4-hour basis, it could trigger an upward movement.</li> 
 <li>If ETH breaks the $1858 resistance, a rise towards $1894 can be expected.</li> 
</ul> 
When examining the current technical analysis of Ethereum, it can be seen that the ETH price is moving near the $1828 level. If ETH continues to close above $1821, it may increase its upward potential, and breaking the $1858 resistance could lead to further upward movement. 
<h2 id="strong-medium-term-eth-analysis-strong">Medium-Term ETH Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/Ethereums-Critical-Support-and-Resistance-Levels-June-28th-ETH-Analysis.png"></a> Daily ETH/USD Price Chart 
Ethereum started a downward movement and dropped to the $1821 support after failing to break the $1930 resistance as mentioned in our analysis shared 1 day ago. Readers who examined our analysis were saved from a 5% loss. 
<a href="https://en.coinotag.com/can-ethereum-rise-to-2100-june-27th-eth-analysis/" target="_blank" rel="noopener">Click Here to Review Our Previous ETH Analysis.</a> 
When examining the current technical analysis of Ethereum, it can be seen that the ETH price is currently around $1825. The nearest support level is determined as $1821. If the ETH price continues to close above $1821 on a 4-hour basis, it can start to rise. 
However, if ETH closes below the $1821 level on a daily basis, it can extend the downward movement to the $1778 levels. The $1778 level is an important support level for the Ethereum price. If ETH encounters strong buyer reactions from the $1778 level, it can start the upward movement from this level. 
If ETH encounters strong buying pressure from the $1778 level, it can continue its rise towards the $1930 level and then the $2080 levels. 
According to the technical analysis of Ethereum, the $1821 support level, the $1778 support level, and the $1930 resistance level are important points. Monitoring these levels is important for determining the future movements of the ETH price. 
<h2 id="strong-short-term-eth-analysis-strong">Short-Term ETH Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687989761_498_Ethereums-Critical-Support-and-Resistance-Levels-June-28th-ETH-Analysis.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134358 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687989761_498_Ethereums-Critical-Support-and-Resistance-Levels-June-28th-ETH-Analysis.png" alt="2-Hour ETH/USD Price Chart" width="3006" height="1656"></a> 
2-Hour ETH/USD Price Chart 
When examining the 2-hour technical chart of Ethereum, it can be observed that it is moving near the $1828 support. ETH has closed above the $1828 support in the last 4-hour period. This situation may increase the possibility of an upward movement towards the $1858 levels in the ETH price. 
In order for ETH to rise to the $1858 levels, it needs to close above the $1828 support on a 4-hour basis. If the ETH price can break the $1858 resistance and close above it, it can expand the upward movement towards the $1894 region. 
However, if ETH fails to break the $1858 resistance, it can initiate a downward movement and perform a movement towards the $1785 levels. In this case, the target can be towards the $1785 levels. 
If the ETH price encounters strong buying pressure from the mentioned support range of $1791 – $1774, it can continue the upward movement from this range and reach the $2080 levels. 
The post <a rel="nofollow" href="https://en.coinotag.com/ethereums-critical-support-and-resistance-levels-june-28th-eth-analysis/">Ethereum’s Critical Support and Resistance Levels! June 28th ETH Analysis</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Ethereum’s Critical Support and Resistance Levels! June 28th ETH Analysis

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