Ethereum

Bitcoin

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/36203.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>Bears have seized the initiative after a few unsuccessful <a href="https://u.today/xrp-price-analysis-for-june-14">bullish attempts</a>.<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="6a74e4ce-bb94-44bc-9fb4-3a772096a554" src="https://u.today/sites/default/files/inline-images/top10_493.png" />Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a><h2 id="eth-usd">ETH/USD</h2>Ethereum (ETH) has turned out to be more of a loser than Bitcoin (BTC), falling by 5.48%.<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="84c52014-e7f9-4305-8200-1ddc837d9fc8" src="https://u.today/sites/default/files/inline-images/eth1_70.png" />Image by <a href="https://www.tradingview.com/symbols/ETHUSD">TradingView</a>On the hourly chart, the rate of Ethereum (ETH) is trading in the middle of a narrow channel, between the support at $1,628 and the resistance at $1,655.<a href="https://u.today/ada-and-bnb-price-analysis-for-june-14">card</a>If buyers want to get back in the game, they need to restore the price to at least $1,650 to see a potential breakout.<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="82212b77-6ab1-404d-a43c-dc969df25832" src="https://u.today/sites/default/files/inline-images/eth2_76.png" />Image by <a href="https://www.tradingview.com/symbols/ETHUSD">TradingView</a>On the daily time frame, the rate of Ethereum (ETH) has made a false breakout of yesterday's low at $1,631. If the candle closure happens far form that mark, there is a probability of seeing a local upward move to the $1,660 mark. Such a scenario is relevant until the end of the week.<img alt="ETH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="f9bd913d-bddf-4b4c-9d98-ec51de8e8098" src="https://u.today/sites/default/files/inline-images/eth3_69.png" />Image by <a href="https://www.tradingview.com/symbols/ETHUSD">TradingView</a>From the midterm point of view, the rate of Ethereum (ETH) has approached an important zone of $1,600. If the breakout of it occurs, the midterm decline is likely to continue to the $1,400-$1,500 area.Ethereum is trading at $1,640 at press time.

Ethereum (ETH) Price Analysis for June 15

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