Ethereum Price Analysis for June 16th – ETH Finding Foothold

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By Dmitriy Gurkovskiy, author at RoboForex Blog The ETH price looks like stabilizing after two days of decline. On Tuesday, June 16th, it is generally trading at 232.60 USD. Yesterday’s low was at 218.10 USD. On D1, ETH/USD keeps correcting in an uptrend. The quotations are again testing the lower border of the ascending channel. The pair keeps trading between 61.8% and 100.0% Fibo. The MACD remains above zero. Judging by all the factors, we may soon expect a test of the lower border of the ascending channel, a bounce, and further growth to 265.00 USD. However, a pullback to 61.8%

The post Ethereum Price Analysis for June 16th – ETH Finding Foothold appeared first on The Merkle News.

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