Cryptocurrencies Price Prediction: Ethereum, Algorand and Shiba Inu – European Wrap 2 June

After the recent pump and dump, where will Ethereum price go next?

Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally before a massive crash to significant levels.

 

ETH/USD 1-day chart

How Algorand price could challenge the macro bearish outlook

Algorand price is cycling between support and resistance in a range that has kept it under wraps since the May 12 crash. Due to the possibility of a relief rally for Bitcoin price influencing the whole crypto market, ALGO also has the potential for a breakout and upswing scenario evolving that could result in sizable gains. 

 

About the Author

You may also like these