Coinidol.com: Ethereum Slides but Remains below $1,700

Ethereum's price has recovered above the $1,500 support level for the second time.

On June 6, the cryptocurrency fell below $1,500 for the first time, but buyers took advantage of the losses.

The price bars on the 4-hour chart are below the horizontal moving average lines, indicating that the market is moving sideways. There are many uncertain Doji candlesticks, which indicate traders' indecision.

Resistance Levels: $3,500 and $4,000

Support levels: $2,000 and $1,500

ETH is now trading between the $1,500 support level and the horizontal moving average lines. Ether is trading in a confined range below the $1,700 high and the 21-day SMA barrier but above the $1,500 support. When these levels are broken, the largest altcoin will trend.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.