Ether\'s (ETH) Price Recovery Stalled, BNB (BNB) Trades in a Range of $591 to $635 – Market Analysis

Ethereum (ETH): The price recovery of Ether stalled at the 20-day EMA ($3,618) on June 12. Failure to maintain above $3,618 could result in a further decline to $2,850. Breaking above the 20-day EMA might lead to a rally towards $3,887.

Major cryptocurrencies were largely trading in the red on June 12 as Ether’s price recovery stalled at the 20-day EMA. However, some coins like Binance Coin and Solana showed signs of recovery.

Ether’s price recovery faced resistance at the 20-day EMA ($3,618) on June 12. A failure to maintain above this level could result in a further decline to $2,850. However, breaking above the 20-day EMA might lead to a rally towards $3,887.

BNB has been trading within a range of $591 to $635. A break below $591 could lead to a decrease to $536, while a rise above $635 could push the price to $722.

Solana’s price is falling inside a descending channel pattern. A break below the support line may lead to a drop towards $116, but overcoming the current level could aim for $176 and $189.

XRP is trading between $0.46 and $0.57. A drop below $0.46 may push the price to $0.41, while surpassing $0.51 could target $0.57.

DOGE is supported at $0.13. Failure to rise above the 20-day EMA could see a decline to $0.12 or even $0.08, while a break above could lead to $0.18.

Toncoin’s break above $7.67 could drive it towards $10.62 if sustained, but falling below $7.67 could signal a bearish trend.

ADA faces resistance at the 20-day EMA ($0.44). A fall below $0.40 could target $0.35, while surpassing the EMA could lead to $0.57.

SHIB is nearing support at $0.000020. A rebound could lead to $0.000030, while breaking support might see it drop to $0.000017.

AVAX faces strong support at $29. A breakthrough could lead to $25 or $20, but holding above this level might imply further consolidation.

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