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28 May 2024
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Ethereum Price Forecast: ETH/USD getting ready for a breakout after new ETH 2.0 Onyx Testnet launch

  • ETH/USD still looking for that clear $250 break.
  • Bulls have defended the daily 12-EMA at $237,79 on June 9 and still maintain a daily uptrend.

Ethereum is definitely still bullish despite the lack of price action in the last week. The digital asset peaked at $253.47 on June 2 and has been consolidating ever since. The bulls have managed to defend the daily 12-EMA several times, something that is considered positive in the short-term. Ethereum only needs something to spark a break of $250 and take ETH up to $300.

Ethereum 2.0 closer than ever after the launch of Onyx

Another successful launch for Ethereum 2.0 blockchain. Onyx is being launched by Prysmatic Labs and it’s the last launch before the actual mainnet that will convert Ethereum’s current proof-of-work consensus mechanism into a proof-of-stake one. 

Ethereum 2.0 is almost ready to be launched although a lot of enthusiasts believe that it may be delayed again. A successful transition would be great news for Ethereum and its price and could be the trigger of a new bull rally, perhaps to ATHs again. 

ETH/USD daily chart


ETH/USD technical levels


Today last price 243.27
Today Daily Change -0.77
Today Daily Change % -0.32
Today daily open 244.04
Daily SMA20 226.68
Daily SMA50 211.17
Daily SMA100 185.27
Daily SMA200 179.94
Previous Daily High 249.97
Previous Daily Low 237.02
Previous Weekly High 253.48
Previous Weekly Low 224.48
Previous Monthly High 247.15
Previous Monthly Low 176.19
Daily Fibonacci 38.2% 241.97
Daily Fibonacci 61.8% 245.02
Daily Pivot Point S1 237.38
Daily Pivot Point S2 230.72
Daily Pivot Point S3 224.43
Daily Pivot Point R1 250.33
Daily Pivot Point R2 256.63
Daily Pivot Point R3 263.29
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