ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation

Sunil Sharma
June 23, 2020
Sunil Sharma

Sunil Sharma

Administrator
Expertise : Cryptocurrency & Blockchain, Finance
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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ETHUSD Price Analysis

ETHUSD is in the parallel channel where it touches the line which is support right now therefore there can be a pull-back from that level. The next time there can come further oscillation sideways in the channel till there comes a definite direction of the trend to confirm.

ETHUSD Price Analysis: 1 D Chart

ETHUSD Price Analysis
ETHUSD Price Analysis

 

There is both support and resistance in the channel and it will be interesting
in which direction it confirms the trend. RSI is sending neutral signs with a tendency to visit higher or lower levels
MACD is sending neutral signs with a tendency to provide a bullish or bearish sign.

TREND: Sideways

EXPECTATION: Breakout

TREND AFTER EXPECTATION: Bullish , Bearish

PREV: 227.73

OPEN: 227.71

VOLUME: 60.743K

DAY’S RANGE: 227.31 — 247.04

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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