Ethereum Price Analysis 17th June 2020: ETH/USD

Ethereum Price Update

Ethereum Price Analysis 17th June 2020: ETH/USD

ETH/USD 

Ether (ETH) bounced back forcefully from the 50-day SMA ($218) on June 15 however the bulls are battling to push the cost over the quick obstruction of $239.35. This proposes the bears are reluctant to quit without any problem. 

The 20-day EMA ($233) has smoothed out and the RSI is simply over the 50 level, which recommends that the bulls are losing their grasp. 

In the event that the bulls neglect to push the second-positioned digital currency on CoinMarketCap above $239.50 inside the following scarcely any days, the bears will again attempt to sink the cost underneath the 50-day SMA. A nearby (UTC time) beneath the 50-day SMA could drag the cost to $196.875 and afterward to $176.112. 

Then again, if the bulls can move and continue the cost above $239.50, a transition to $253.556 is likely. A break over this level could continue the up move with an objective target of $288.599.