Ethereum (ETH) Price Prediction for June 11

Bulls are more powerful than bears today, according to CoinStats.

ETH/USD

The rate of Ethereum (ETH) has gone up by 3.62% since yesterday.

On the hourly chart, the price of the main altcoin is near the local resistance of $2,837. One should focus on the daily bar’s closure in terms of that mark.

If it happens around it, the upward move may lead to the test of the $2,900 zone.

On the daily time frame, the rate of ETH has broken the resistance of $2,788. If bulls can hold the gained initiative, the upward move is likely to continue to the $2,900 range.

From the midterm point of view, the picture is also bullish. If the weekly bar closes around the current prices or above, there is a possibility to witness a test of the vital $3,000 mark.

Ethereum is trading at $2,838 at press time.