Ethereum Price Prediction: ETH/USD Struggles Pushes at $2,000

Struggles Pushes at $2,000 – June 30
The market operation pairing Ethereum and the US Dollar currently struggles to push around the level of $2,000. The US fiat currency loses position slightly to let the crypto’s value trade around $2,105 at about a negative percentage rate of 2.74.

Struggles Pushes at $2,000: ETH Market
Key Levels:
Resistance levels: $2,500, $3,000, $3,500
Support levels: $1,900, $1,700, $1,500

ETH/USD – Daily Chart
It is showcased on the ETH/USD daily chart that the crypto market valuation now struggles pushes around a crucial trading zone of $2,000 as trading indicators are also seen near over the spot. The 50-day SMA trend-line is a bit over the 14-day SMA trend-line. And, the bearish trend-line drew closely alongside the smaller SMA to intercept the bigger SMA slightly at a tail end. The Stochastic Oscillators are slowly making a move into the overbought region. And, they now seemingly attempt to close the lines. That could cause a suspension in seeing a definite movement in the crypto economy.

Could there be a reliable upward move in the ETH/USD trade as price struggles push around $2,000?

As of this point of trading,

ETH/BTC Price Analysis

The ETH/BTC price analysis chart presently depicts that the base crypto struggles push against the flagship counter trading instrument. Bitcoin pushed against Ethereum in a manner of correction that eventually led to locating support around the bigger SMA. A smaller number of candlesticks are being formed tightly against the smaller SMA from below. The 50-day SMA is underneath the 14-day SMA. And, the bullish trend-line continues to play a supportive role to the bigger SMA indicator. The Stochastic Oscillators have swerved the blue line into the overbought region. That portends that the pressures to the upside seem not that active.

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Source: https://insidebitcoins.com/news/ethereum-price-prediction-eth-usd-struggles-pushes-at-2000