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Ethereum (ETH) Price Analysis for June 21

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Mon, 21/06/2021 - 13:48
Ethereum (ETH) Price Analysis for June 21
Cover image via www.tradingview.com

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The new week has started with the continued fall of the cryptocurrency market as all top 10 coins are in the red zone.

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Top coins by CoinMarketCap

ETH/USD

The rate of Ethereum (ETH) has declined by 7% since yesterday while the price change over the last week has accounted for -23.54%.

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ETH/USD chart by TradingView

On the 4H chart, Ethereum (ETH) broke the support at $2,040 having confirmed the bearish influence. Despite the decline, the ongoing fall may continue supported by the high selling trading volume.

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In this case, there is a high chance to see the price decrease to the next level at $1,730.

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ETH/USD chart by TradingView

On the bigger chart, the mid-term scenario is also more bearish than bullish as Ethereum (ETH) has already fixed below the vital level at $2,000. Respectively, sellers might get the rate of the chief altcoin to $1,520 within the next days.

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ETH/USD chart by TradingView

On the weekly time frame, the fall seems like it's not going to stop. That is why, Ethereum (ETH) can get to the level at $1,000 if bears can break the zone around $1,500.

Ethereum is trading at $1,956 at press time.

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