Ethereum Price Prediction: Record 195M Wallets Cannot Stop the Model Pointing at $700
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Ethereum trades at $1,651 on June 11 after a 1.96% bounce from a $1,593 low, printing a bullish reversal candle while daily EMAs remain downward and RSI recovers to 28.94. On-chain adoption shows 195 million wallets nearing 200M, but the Delta Price model that correctly called prior cycle bottoms now points to a $700 floor, signaling material downside risk for ETH and broader crypto markets.
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- ETH trades at $1,651 with RSI at 28.94 and a bullish reversal candle printed at the June low
- Ethereum wallet count hits 195M, just 5M away from 200M despite extreme fear sentiment
- Delta Price model, which called the last two ETH bottoms, currently sits near $700
Ethereum trades at $1,651 on June 11, bouncing 1.96% off the $1,593 low as the daily chart prints a bullish reversal candle at the same level where RSI hit its most oversold reading in months. The problem is one on-chain model that correctly called the last two ETH cycle bottoms now points to $700 as the real floor.
ETH Daily Chart: Reversal Candle Printed But Every EMA Is Still Pointing Down
The bullish reversal candle at $1,593 is the first thing bulls can point to in weeks. RSI at 28.94 is recovering from a reading below 20 seen just days ago, which prod…
Read The Full Article Ethereum Price Prediction: Record 195M Wallets Cannot Stop the Model Pointing at $700 On Coin Edition.
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