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Ethereum

Ethereum Price Prediction: ETH/USD at risk of losing $230 after a massive 5% crash

  • ETH/USD dips below $231 after a massive collapse from a $250 rejection. 
  • Bulls need to hold $225.62 to maintain the daily uptrend.

Ethereum has lost most of its gains on June 22 after a significant price collapse to $231. Buyers are holding the daily 26-EMA at $232 for now but there is a significant risk of losing $230 and re-testing the low of June 20 at $225.62. 

Are high fees driving investors away from Ethereum?

Ethereum has experienced a notable increase in its fees over the past few months. The median transaction fee on ETH was less than $0.05 back in April 2020. The current median is a whopping $0.271 fee per transaction which is getting dangerously close to Bitcoin’s median number of $0.63.

source: Bitinfocharts.com

Of course, many investors and Ethereum enthusiasts are hoping that Ethereum 2.0 will solve this issue but the update could still take months to get deployed.

ETH/USD technical levels

ETH/USD

OVERVIEW
Today last price233.38
Today Daily Change-9.84
Today Daily Change %-4.05
Today daily open243.22
TRENDS
Daily SMA20237.49
Daily SMA50221.39
Daily SMA100191.34
Daily SMA200185.93
LEVELS
Previous Daily High244.95
Previous Daily Low240.86
Previous Weekly High238.59
Previous Weekly Low218.14
Previous Monthly High247.15
Previous Monthly Low176.19
Daily Fibonacci 38.2%242.42
Daily Fibonacci 61.8%243.39
Daily Pivot Point S1241.07
Daily Pivot Point S2238.92
Daily Pivot Point S3236.98
Daily Pivot Point R1245.16
Daily Pivot Point R2247.1
Daily Pivot Point R3249.25

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