Ethereum Price Prediction for Today June 23: ETH Trades at $1136; Price Set to Rebound ByAzeez MustaphaPRO INVESTOR Updated: 23 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 reveals that ETH is currently trading above $1000 after a significant dip towards $900. Ethereum Prediction Statistics Data: Ethereum price now – $1136 Ethereum market cap – $137.7 billion Ethereum circulating supply – 121.2 million Ethereum total supply – 121.2 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $1800, $1900, $2000 Support levels: $300, $200, $100 Buy Ethereum Now ETH/USD is trading at $1136 where the coin is likely to move sideways, but the technical indicator Relative Strength Index (14) shows that the bullish movement may be coming close as the signal line is recovering from the oversold region. However, the 9-day and 21-day moving averages indicate that bears are still having the ability to control the market as the 9-day MA remains below the 21-day MA. Ethereum Price Prediction: What to Expect from Ethereum As the Ethereum price is hovering below the 9-day and 21-day moving averages within the channel, the coin is likely to embark on a movement towards the upside. However, a sustainable move from this barrier may improve the bullish movement and allow for an extended recovery towards the resistance level of $1200. However, if the coin stays above this level, it could negate the bearish scenario and bring the nearest resistance of $1800, $1900, and $2000 levels into play. Nevertheless, the technical indicator Relative Strength Index (14) on the daily chart may move out of the negative side, but a failure to remain at the oversold region could worsen the technical picture and lay the ground for the further sell-off below the lower boundary of the channel. Any further bearish movement could locate the supports at $300, $200, and $100 respectively. Against Bitcoin, ETHC/BTC is trading below the moving averages as the bears are likely to step back into the market. Now, ETH/BTC is trading at 5428 SAT as the bulls could push the price to cross above the 9-day and 21-day moving averages. On the other hand, if the market drops below the lower boundary of the channel, the next key support may come at 4500 SAT and below. ETHUSD – Daily Chart However, on the upside, if the coin crosses above the moving averages, the resistance level of 6200 SAT and above may be visited. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above the 40-level, suggesting that the market may go up. 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
