Ethereum Price Analysis for June 16th – ETH Finding Foothold

By Dmitriy Gurkovskiy, creator at RoboForex Weblog

The ETH worth seems to be like stabilizing after two days of decline. On Tuesday, June 16th, it’s typically buying and selling at 232.60 USD. Yesterday’s low was at 218.10 USD.

On D1, ETH/USD retains correcting in an uptrend. The quotations are once more testing the decrease border of the ascending channel. The pair retains buying and selling between 61.eight% and Fibo. The MACD stays above zero. Judging by all of the components, we could quickly anticipate a take a look at of the decrease border of the ascending channel, a bounce, and additional progress to 265.00 USD. Nevertheless, a pullback to 61.eight% is neither excluded.

On H4, a correction within the uptrend additionally continues. The Stochastic is at present forming a Golden Cross, which can function a further sign of a bounce off the decrease border of the ascending channel. The goal of additional progress remains to be at 265.00 USD. Nevertheless, a deep correction to 220.00 USD is neither excluded.


The fee payment mistakenly paid for an ETH transaction, can be distributed between the miners of the Etherchain pool. So long as the sender of the finance has but did not contact the corporate, the “frozen” cash can be despatched to the miners. This isn’t a standard follow, nonetheless, it looks like there isn’t any different possibility.

Final week, there have been two circumstances of paying an especially excessive fee payment observed directly. The Bitfly operator introduced that the sender had 4 days to get in contact with the corporate. Actually, a number of individuals claimed themselves to be the senders, nonetheless, none may present a legitimate signature of the pockets as proof. The fee payment sized 2.four million USD is, certainly, big – the conventional payment for such a transaction could be zero.30 USD.

The entire story seems to be very unclear and generally even dramatic. It could be a part of some fraud, in that case, it’s clear why the sender doesn’t come to floor. Then again, not anybody can afford to lose such a sum on fee payment: once more, we now have extra questions than solutions. In Bitfly, they are saying that if the story repeats, they won’t look for the sender anymore.


Any predictions contained herein are based mostly on the creator’s specific opinion. This evaluation shall not be handled as buying and selling recommendation. RoboForex shall not be held liable for the outcomes of the trades arising from relying upon buying and selling suggestions and critiques contained herein.

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