Select Page

Ethereum, Polkadot Price Analysis: June 29, 2021

Ethereum, Polkadot Price Analysis: June 29, 2021
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.
  • Ethereum is back in the bulls’ hands after reclaiming support at $2,100.
  • Polkadot renews the bullish outlook after reclaiming the 50 SMA support.

The cryptocurrency market’s price action has been mundane in the last few days. Most of the recoveries witnessed last week stalled, leading to periods of consolidation. At the time of writing, most crypto assets are in the green. Note that Bitcoin has settled above $34,000 as bulls gaze toward $40,000.


Ethereum price lifted from support at $1,700 but for some time could not rise above $2,000. Over the weekend session, the smart contract token reclaimed the ground above $2,000. Sustaining the uptrend became a problematic endeavor, especially with the hurdle at $2,100.

In the meantime, Ether has made it above $2,100, thus validating the bullish building uptrend. Its immediate upside is capped at the 100 Simple Moving Average (SMA) on the four-hour chart. It is worth mentioning that Ethereum trades at $2,126 at the time of writing.

If the 100 SMA resistance comes out of the way, Ethereum will extend the price action toward the key hurdle at $2,400, as highlighted by the 50 SMA. The uptrend has been validated by the Moving Average Convergence Divergence (MACD), as seen on the four-hour chart. If the MACD settles above the zero line, bulls will gain more momentum.

ETH/USD four-hour chart

ETH/USD price chart
ETH/USD price chart by Tradingview


Polkadot price seems to be flipping bullish along with other crypto assets. After the recent freefall to $13.5, recovery has been gradual but consistent. Note that with the 50 Simple Moving Average (SMA) working as the immediate support, the least resistance path will be upward in the coming sessions.

DOT/USD four-hour chart

DOT/USD price chart
DOT/USD price chart by Tradingview

The MACD and the RSI already validate upswing as observed on the four-hour chart. If the latter crosses into the positive region, Polkadot may renew the uptrend to the next hurdle at $18.5. Closing the day above this level is crucial for sustaining the uptrend above $20. Similarly, the RSI affirms that bulls are in control by closing the gap toward the midline.

The post Ethereum, Polkadot Price Analysis: June 29, 2021 appeared first on Coingape.


Source: Coingape


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select a Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber