Ethereum Price Prediction for Today, June 17: ETH Stuck Around $1100 Level ByAzeez MustaphaPRO INVESTOR Updated: 17 June 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. The Ethereum price prediction shows that ETH is still struggling to stay above $1000 as the entire market remains at the downside. Ethereum Prediction Statistics Data: Ethereum price now – $1075 Ethereum market cap – $130.9 billion Ethereum circulating supply – 121.2 million Ethereum total supply – 121.2 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $2000, $2100, $2200 Support levels: $500, $400, $300 Buy Ethereum Now ETH/USD is currently recovering above $1000, and it is likely to climb above $1100 soon. Ethereum has remained relatively down for the past few days as bears are dominating the market. The coin remains at $1075 with the nearest support level located at $950 in the short term. Ethereum Price Prediction: Ethereum Price May Stay at the Downside If the Ethereum price break above the 9-day and 21-day moving averages, it could test an important resistance at $1300. However, a successful break above the moving averages could open the doors for a fresh increase above the $1500 level. In the mentioned case, the price is likely to rise towards the $2000, $2100, and $2200 resistance levels in the coming sessions. Moreover, the technical indicator Relative Strength Index (14) moves within the oversold region. Therefore, if there is a bearish break below the lower boundary of the channel, ETH/USD could test the $900 support. The next major support is near $1000, where the bulls are likely to take a strong stand. Any further losses could lead the price towards the $500, $400, and $300 support levels. When compared with Bitcoin, the Ethereum price still moving below the 9-day and 21-day moving averages as the market remains at the downside; approaching the lower boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) is revealed within the oversold region, a bearish confirmation. ETHBTC – Daily Chart However, if the price breaks above the moving averages, bulls might push the market back to the 0.044 BTC towards the upper channel. Moreover, if the price stays above this barrier, traders may expect an immediate resistance at 0.045 BTC and above. On the other hand, crossing below the channel may locate the support level at 0.030 BTC and below. eToro - Our Recommended Ethereum Platform Our Rating Monthly Staking Rewards for Holding Ethereum (ETH) Free Secure ETH Wallet - Unlosable Private Key Regulated by FCA, ASIC and CySEC - Millions of Users Copytrade Profitable Ethereum Investors Buy with Credit card, Bank wire, Paypal, Skrill, Neteller, Sofort Buy Ethereum 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Ethereum How to buy Cryptocurrency
