Ethereum (ETH) Price Analysis: Ether Declines, Faces Rejection at $2,600

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

 Key Highlights

Ethereum faces rejection at $2,600
Ether will further decline to $1,982 low

Ethereum ETH) Current Statistics
The current price: $2,444.18
Market Capitalization $284,342,517,673
Trading Volume: $24,043,095,493
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis June 16, 2021
Ethereum is in a downward move. The crypto’s price has been making series of lower highs and lower lows. Buyers could not sustain the price above the lower high of $2,600. Consequently, the market has begun to resume downward. In the lower time frame, Ether’s price has broken below the moving averages. The crypto is expected to fall to the previous low.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The crypto’s price is falling and may break below the resistance line of the descending channel. The selling pressure will resume when price breaks below the resistance line. The altcoin is at level 42 of the Relative Strength Index period 14. It indicates that the ETH is in the downtrend zone and below the centerline 50. The coin is below the 20% range of daily stochastic. It indicates that price has reached the oversold region of the market.

ETH/USD – 4 Hour Chart

Ethereum is falling after rejection from $2,600 high. Meanwhile, on June 4 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.618 Fibonacci extension or level $1,982.06.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *