Ethereum: Despite Recent Volatility, Analysts Believe ETH Could Soon Test $363

2019-6-30 00:30

Despite Bitcoin being in a firm uptrend over the past few months, the aggregated crypto markets have largely experienced lackluster price action, but Ethereum (ETH) may be one of the few exceptions as it has been closely tracking BTC as of late.

Because ETH has been closely tracking BTC, it has experienced large volatility over the past week, setting fresh year-to-date highs before quickly plummeting lower. Now, analysts believe Ethereum is ready to continue its upwards ascent, which may mean that it will target $363 next.

Ethereum Finds Support at $300 as Volatility Ramps Up

At the time of writing, Ethereum is trading up nominally at its current price of $307, up slightly from its daily lows of $295.

Over a one-month period, it becomes clear as to just how volatile ETH has been as of late, surging from lows of $230 to highs of $360, at which point it incurred a massive influx of selling pressure that sent it reeling down to lows of $285.

In the time since, Ethereum appears to have been forming a pattern of consolidation between $295 and $310, which may turn out to be a fresh trading range that will persist while Bitcoin experiences a bout of sideways trading.

The Cryptomist, a popular crypto analyst on Twitter, spoke about ETH in a recent tweet, noting that it has between now and August to hold above its RSI support, which means that it could be another month before it makes a decisive move in one direction or another.

“$Eth My loyal followers would remember when I posted that long term btc support that had to break ..remember? Well Eth has the same one! This RSI support has now till August to break – Support test approaching: one more bounce? 304 holding as past resistance,” she explained.

$Eth

My loyal followers would remember when I posted that long term btc support that had to break ..remember? Well Eth has the same one!

This RSI support has now till August to break – Support test approaching: one more bounce?

304 holding as past resistance pic.twitter.com/hGFugQvs6o

— The Cryptomist (@TheCryptomist) June 28, 2019

Will ETH Target $363 Next? One Analyst Believe So

Although The Cryptomist believes it could be another month before Ethereum makes a big movement, Harald Weygand, another popular analyst, recently explained that he believes ETH is currently gearing up for a move back towards its recently established highs.

“#Ethereum Sell Off is over, I expect a re-attack of the pricemark at 363 USD,” he concisely noted while referencing the below chart.

#Ethereum

Sell Off is over, i expect a re-attack of the pricemark at 363 USD.$ETH $ETHUSD #Cryptos pic.twitter.com/8rbnTmCzpJ

— Harald Weygand (@weygand_gmt) June 29, 2019

As the weekend continues on, it is probable that Ethereum’s near-term price action will be largely based on that of Bitcoin, which may mean that it is in for a bout of sideways trading.

Featured image from Shutterstock.

The post Ethereum: Despite Recent Volatility, Analysts Believe ETH Could Soon Test $363 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2321.78 (+0.08%)
Объем 24H $15.636b
Изменеия 24h: -0.59 %, 7d: 0.28 %
Cегодня L: $2312.43 - H: $2398.91
Капитализация $280.212b Rank 2
Цена в час новости $ 308.44 (652.75%)

eth ethereum despite volatility closely tracking btc

Источник: newsbtc.com

eth ethereum → Результатов: 126


Bitmine’s Ethereum Holdings Cross 4% Milestone After Latest Weekly Accumulation

Bitmine Immersion Technologies has pushed its Ethereum (ETH) exposure to new highs. The firm’s holdings surpassed 4% of the total ETH supply as it accelerates its accumulation strategy. In its latest update, the company revealed it acquired 71,524 ETH over the past week, its “highest pace of buys since the week of December 22, 2025.

2026-4-14 07:57


Ethereum falls after rally as EF sells $8.3M in ETH holdings

Ethereum price moved slightly early Thursday as fresh scrutiny hit with the Ethereum Foundation (EF)’s move to convert a significant portion of its treasury from ETH into stablecoins. While the announcement coincided with the volatile price action that followed the US-Iran ceasefire, the top altcoin’s value pared some of the gains to around the $2,180 level as on-chain data showed EF’s treasury had sold 3,750 ETH for over $8.

2026-4-9 14:29


Analysts Predict $4500 Valuation to Ethereum (ETH), Ethereum Foundation Push Staked ETH to 70K

In early April, the Ethereum Foundation made headlines by staking another $93 million worth of ETH in a single session, pushing its total close to the 70,000 ETH target. This move highlights growing confidence in the network’s long-term strength after the successful Pectra upgrade and ahead of the anticipated Glamsterdam hard fork.

2026-4-7 01:00


Фото:

ICYMI: Ethereum Co-Founder Has Been Moving ETH To Exchanges, Here’s How Much

On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community.

2026-3-12 22:00


Ethereum Foundation планирует блокировку в стейкинге 70 000 ETH

Некоммерческая организация Ethereum Foundation (EF) приступила к стейкингу части казначейских средств. Первая транзакция составила 2016 ETH. На первом этапе фонд суммарно заблокирует 70 000 ETH. Все доходы направят на поддержку экосистемы второй по капитализации криптовалюты: финансирование исследований и гранты для сообщества.

2026-2-25 13:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum above $2,300: will DeFi turmoil derail the next rally?

The DeFi ecosystem has grabbed the news in recent days. The $292 million exploit of Kelp affected other leading DeFi protocols, including Aave. As the leading DeFi blockchain, Ethereum is also feeling the impact, with DeFi platforms losing over $10 billion since the start of the week.