Ethereum (ETH) Price Forecast and Analysis in June 2020

Ethereum (ETH) Price Forecast and Analysis in June 2020


We will be looking at some of the historical prices and market opinions for ETH so that we can create an Ethereum price forecast for June 2020.

Ethereum overview

Ethereum is a popular altcoin, as well as the most widely used smart contract and app platform in the industry.

ETH is the platform's native cryptography, which ranks second with a market capitalization of $ 27,068,218,323 and a trading price of $ 243.26, with a decrease of 0.44%. There are currently 111,273,343 ETH in circulation. A total volume of $ 8,453,844,609 in ETH has been traded in the past 24 hours.

Ethereum Price and Prediction: Analysis

Ethereum has had a positive performance against Bitcoin in the past two weeks, going from 0.02 BTC to 0.025, which means a gain of 25%. The play started in May at around $ 200 and rose steadily towards the end of the month. On May 29  th  , the graphs have shown a dramatic breakout above the $ 219 level of resistance, which would continue with a new wave of gains.

On May 30, ETH hiked from $ 220.72 to $ 243.94 and closed the day at $ 242.35. On June 1, Ethereum hit a new high of $ 248.24, and in June 2, it broke past resistance of $ 250, reaching $ 252.22, but failed to keep these new gains. and correct at $ 237.22.

On June 3, ETH was traded against the $ 247 level, which was the highest value the coin had before the March price collapse. The next day, Ethereum traded without much fluctuation, mainly in the lower part of the $ 240 price range.

June 5 saw the ETH / USD pair go from $ 243.25 to $ 246. The price recovered from the support offered by the uptrend line. The current low volatility and volume indicate that there will be no rapid rise in prices in the short term.

The current pivot, resistance and support levels calculated by WalletInvestor are as follows:

  • Resistance level (R3): 256,887
  • Resistance level (R2): 251,408
  • Resistance level (R1): 247,879
  • Pivot point: 242.400
  • Support level (S1): 238.871
  • Support level (S2): 233,392
  • Support level (S3): 229,863

Developments

The ETH ecosystem has made great strides with Ethereum 2.0 in the past few days and weeks. Although ETH 2.0 will not start in late July as originally planned, Vitalik Buterin recently assured the community that the consensus from the proof of work to the transition from the proof of the issue will begin this year.

At the end of April, the Topaz test network was launched and will be active for a total of 3 months before the activation of ETH 2.0. The main ETH 2.0 network should have a configuration similar to Topaz.

The first Binance exchange   recently introduced option contracts for Ethereum and XRP , with the smallest contract size for Ethereum being 0.001 ETH and the maximum - 200 ETH .

Ethereum Price and Prediction: Market Opinion for June 2020

Several crypto prediction sites have released their own Ethereum price prediction for June 2020, and in order to present an accurate representation of market sentiment around this coin, we have decided to incorporate some of the more relevant ones.

Longforecast

Longforecast predicts that ETH will have a maximum price of $ 320 for June, while the minimum price has been estimated at $ 222. The average price for the month was estimated to be around $ 263. ETH is expected to have a closing price of $ 277%, change for June 19%.

Digitalcoinprice

 Digitalcoinprice's Ethereum price forecast for June places the coin at $ 272.87, an increase of 10.74%.

Coinpredictor

Coinpredictor sees a decrease of -1.4% the next day, placing the ETH at $ 234.48. The site predicts that, in the next 7 days, the price of ETH will be $ 242.57, with an increase of + 2%. Towards the end of June, the ETH should be around $ 214.27, a variation of 9.9%.

WalletInvestor

WalletInvestor has made forecasts for the next 10 days in June, as well as the minimum and maximum values ​​for each particular day.

Dated Price Min price Max price 2020-06-10  244,860  236.242  253,244 2020-06-11  247.221  237.942  256,869 2020-06-12  248,859  239.652  258,156 2020-06-13  252,680  243,383  262.061 2020-06-14  254,961  246,112  264,354 2020-06-15  256,449  247,360  265,456 2020-06-16  257,668  248,480  267,256 2020-06-17  258,620  249,448  267,378 2020-06-18  260,981  251,165  270,289 2020-06-19  262,618  253,668  271.921

Capital Gov.

Gov.capital predicted that Ethereum  will be valued at around $ 273 by the end of June, with a maximum price of $ 300 and a minimum price of $ 246.

Encryption

The Ethereum   price forecast for  Cryptorating for the next day is $ 273.62, with a change of 10.9%. The site estimates that within a week the coin will trade at $ 286.69, which means an increase of 16.2%. Towards the end of the month, ETH is expected to close at $ 349.91, with an increase of 41.82%.

Cryptoground

Cryptoground predicts that one day, the ETH will have $ 201.1750, with a variation of -18.12%. In a week, the price of ETH should be around $ 204.6000, with a variation of -16.72%. ETH should have a closing price of $ 202.7734, which means a variation of -17.46%.

30rates

30rates has published an Ethereum price forecast for each day in June (excluding weekends), as well as the minimum and maximum prices for each day. The site predicts that on the last day of June, ETH will have a minimum of $ 258, a maximum of $ 296 and a closing price of $ 277.

Dated Day of the week Min Max Price 10/06 Wednesday $ 231 $ 265  $ 248 11/06 Thursday $ 233 $ 269  $ 251 12/12 Friday $ 235 $ 271  $ 253 06/15 Monday $ 233 $ 268  $ 250 06/16 Tuesday $ 232 $ 266  $ 249 06/17 Wednesday $ 238 $ 274  $ 256 06/18 Thursday $ 228 $ 262  $ 245 6/19 Friday $ 244 $ 280  $ 262 06/22 Monday $ 232 $ 266  $ 249 06/23 Tuesday $ 256 $ 294  $ 275 06/24 Wednesday $ 257 $ 295  $ 276 06/25 Thursday $ 272 $ 312  $ 292 6/26 Friday $ 282 $ 324  $ 303 6/29 Monday $ 277 $ 319  $ 298 06/30 Tuesday $ 283 $ 325  $ 304 07/01 Wednesday $ 273 $ 315  $ 294 02/07 Thursday $ 272 $ 314  $ 293 03/07 Friday $ 285 $ 327  $ 306 06/07 Monday $ 270 $ 310  $ 290 07/07 Tuesday $ 264 $ 304  $ 284 08/07 Wednesday $ 264 $ 304  $ 284 07/09 Thursday $ 274 $ 316  $ 295 07/10 Friday $ 284 $ 326  $ 305 07/13 Monday $ 292 $ 336  $ 314

Altcoinforecast

Altcoinforecast predicts that on June 30, ETH will change hands to 197.2894.

Ethereum Price and Prediction: Verdict

We have reached the conclusion of our Ethereum price forecast for June 2020. We hope that the material we offer here will be useful for your next ETH trading actions . From what we have noticed, the price of ETH will not see major jumps in the short term.

How do you rate this article?


1

0


PassionCrypto in English
PassionCrypto in English

Interview, News, Faucet, tutorials, AirDrop and lexicon in English

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.