Ethereum
BTC, ETH and XRP price forecast for June 17
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It is too early to think about a market reversal, according to CoinStats.
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BTC/USD
The price of Bitcoin (BTC) has fallen by 1.55% since yesterday.
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On the daily chart, the BTC rate returns to the support level of $65,129. If seller pressure continues, the decline could lead to testing of Range of $64,000 shortly.
Bitcoin is trading at $65,280 at press time.
ETH/USD
Ethereum (ETH) followed BTC’s decline, down 1.41%.
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The ETH rate failed to maintain yesterday’s bullish close, meaning sellers are once again more powerful than buyers. If the daily bar closes near the $3,432 support, it is possible for a correction to continue to $3,300.
Ethereum is trading at $3,509 at press time.
XRP/USD
XRP is an exception to the rule, up 5.81%.
Image of Trading View
Traders should pay attention to the close in terms of resistance closest to $0.5301. If the daily candle closes without a long wick, there may not be enough strength for a breakout, followed by a move towards $0.54.
XRP is trading at $0.5189 at press time.
About the Author
Denys Serhiichuk
With over 5 years of experience in trading, Denys has in-depth knowledge of technical and fundamental market analysis. He mainly started his blog on TradingView, where he posts all the relevant information and makes predictions about major coins.
Thus, his experience is enhanced by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, which can be contacted at denys.serhiichuk@u.today.