Ethereum price analysis (daily update)

[H2O]

June 04

Ethereum upper ceiling around $2,910 has been under the spotlight since the 19 May crypto sell-off. Despite multiple attempts, however, the bulls have been unsuccessful in forcing a breakout above this upper ceiling. Alas, the formation of higher lows at $2,160, $2,300, and $2,560 led to the formation of an ascending triangle.

A breakout above $2,900 and $3,151 could trigger a sharp rally for ETH, especially since bullish sentiment would be high after climbing past the 200-SMA (green). For such an outcome, selling pressure would need to evaporate, but the OBV’s downtrend suggested just the opposite. In fact, the indicator also formed a bearish divergence with the price.

[H2O]

6 June
XRP bulls defended $0.89 support but bearish pressure was on the up in its market. Squeeze Momentum Indicator noted declining momentum and a pickup in volatility would amplify losses. A breakdown from its press time support would drag XRP to a demand zone between $0.786 and $0.63..

[H2O]

June 11

Ethereum’s market suffered another hit on Monday, however, its slashing price resulted in inflows rising for the altcoin. The market’s second-largest cryptocurrency seemed to be maintaining its downtrend on the charts and at press time, was trading at $2,462.68 with a market capitalization of $285.74 billion

[Ransow]

Today ethereum market is going in green but I don't know exactly what will happen in next because cryptomarket is still moving in critical level because BTC is moving in short term bearish trend also death cross is coming today the price of ethereum is $2587 .