ETH/USD daily chart

ETH/USD daily chart

Gate Trade Ethereum Monday, June 29, 2020 1014 0

Currently, the bulls are attempting to sustain the price above the 50-day SMA ($223), which is flattening out. If successful, the second-ranked cryptocurrency on CoinMarketCap can rise to the 10-day EMA ($230). 

 

Conversely, if the price turns down from the current levels, the bears will once again attempt to sink the price below the $217.67–$216.006 support zone. If that happens, a drop to $200 is likely.