Ethereum Price Analysis
The Ethereum price is steady at spot rates.
Overall, buyers are confident. ETH prices could rally in the days to come, building on the bullish engulfing bar of May 30. Even so, it should be observed that prices are still inside the May 11 and 12 trade range.
While a solid close above the flexible resistance line in the 20-day moving average may buoy bulls, a close above $2.2k and $2.4k would signal a complete shift in trend.
Ahead of this, aggressive ETH traders may find loading opportunities above $1.7k and inside the May 30 trade range. Their immediate buy target would be $2.2k. On the flip side, more profound losses below this week’s lows and $1.7k may trigger a sell-off, pushing ETH to new 2022 lows.
Read the full article at:
https://crypto-economy.com/ethereum-gains-14-from-2022-lows-are-eth-prices-turning-the-corner/