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Reading: June Sparks Optimism for Ethereum, EOS, and AVAX
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COINTURK NEWS > Cryptocurrency News > June Sparks Optimism for Ethereum, EOS, and AVAX
Cryptocurrency News

June Sparks Optimism for Ethereum, EOS, and AVAX

In Brief

  • Trade agreements are set to impact cryptocurrency markets positively.

  • Ethereum holds key support levels amid potential bullish moves.

  • EOS and AVAX are poised for significant movements this month.

Fatih Uçar
Fatih Uçar 3 days ago
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A new month has dawned for cryptocurrency enthusiasts, with significant developments on the horizon. The past period was marked by tariffs that resulted in considerable negative impacts. However, the anticipated transformative phase is now officially underway. To find resolutions regarding tariffs, agreements need to be signed consistently throughout June. Over 100 countries and 20 major economies will evaluate their negotiation outcomes with Trump over the next four weeks. What are the prospects for EOS, ETH, and AVAX?

Contents
Ethereum (ETH)EOS and AVAX Price Predictions

Ethereum (ETH)

A reasonable scenario predicts that trade agreements will lead to the normalization of appropriate tariff rates, bringing an end to the global trade war narrative. The United Kingdom has already signed its agreement, and despite periodical conflicts, the EU is actively working to maintain its relationship with the US. Thus, it is high time for these issues to be resolved, likely within June. Once tariff-related issues are addressed, cryptocurrencies can enter a long-awaited bullish phase as tariffs are essentially the last inhibiting factor for institutional investments in crypto.

The ETHBTC pair holds steady at the 0.02328 support level. Overcoming the short-term hurdle at 0.0257, in conjunction with tariff agreements, could potentially ignite a significant upward movement in altcoins, especially Ethereum $2,645, rekindling actions that have been awaited for thousands of days.

Investors have become accustomed to specific levels for ETH. Currently, ETH holds the support level of $2,368 for 23 days. The $2,751 resistance remains unbroken, but conquering this zone could enable ETH to revert $3,067 and $3,510 as support levels.

EOS and AVAX Price Predictions

This month undoubtedly promises increased activity among altcoins, although the direction remains uncertain. Prediction of a definite trajectory would require foresight. Considering the potential global repercussions of tariffs, all parties are striving for a non-permanent scenario. Therefore, I am 51% optimistic about a market upswing.

EOS has dropped to its support level at $0.58 but is showing signs of recovery. A favorable scenario could see a new move toward $0.75. For June, the peak target could be the psychological resistance level of $1.

Expectations for AVAX over the weekend were below $20, a risk highlighted throughout the previous week. Currently, like many other altcoins forming a local bottom, AVAX is reclaiming $20.5, moving toward $23. The June forecast is optimistic, with a target of closing above $27, potentially reaching $35 in a positive scenario.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 1 June, 2025 - 7:34 pm 1 June, 2025 - 7:34 pm
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