ETH/USD daily chart

ETH/USD daily chart

Gate Trade Ethereum Saturday, June 6, 2020 354 0

For the past two days, Ether (ETH) has been stuck inside the large intraday range formed on June 2.

 

 If the bulls can propel the price above $253.556, the biggest altcoin could rally to the resistance of the ascending channel at $270.

 

 The bears will gain the upper hand after the ETH/USD pair dips below the 20-day SMA. Below this level a drop to the 50-day SMA (205) and then to $176.112 is possible.