Ethereum (ETH) begins the first week of June 2025 with a relatively calm price action, hovering around the $2,500 mark despite growing anticipation across the broader crypto market. Both hourly and daily Ethereum price charts reveal critical technical structures, increasing the likelihood of a decisive breakout or breakdown this week. With momentum hanging in the balance, traders and investors are closely monitoring key support and resistance zones that could determine the next major move.
Ethereum Price Analysis: Is Momentum Fading?
On the daily chart, Ethereum has been consolidating below the 200-day simple moving average (SMA), currently near **$2,680**. This moving average has consistently acted as dynamic resistance. Although ETH recently attempted to break above $2,700, it failed to sustain gains and pulled back into a tight consolidation range.
The last three daily candles display indecision—small bodies with long upper and lower wicks—indicating balanced pressure between bulls and bears. Ethereum is currently trading around $2,519**, slightly above the convergence of the 20-day and 50-day SMAs at approximately **$2,145 and $2,065, respectively. This confluence forms a strong support zone, but a confirmed breakout above the 200-day SMA is necessary to ignite a sustained upward trend.
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What Does the Hourly Chart Reveal?
Zooming into the hourly timeframe, a more cautious picture emerges. Ethereum remains below all major SMAs—20, 50, 100, and 200—forming a bearish stack. Immediate resistance lies at $2,521 (20-hour SMA)** and **$2,571 (50-hour SMA). The latest hourly candle hovers near $2,504**, suggesting a minor bullish attempt, yet repeated failures to clear **$2,520 highlight persistent selling pressure.
This indicates short-term bearish dominance and the potential for liquidity sweeps below recent lows to test deeper support levels. At present, price action is confined within a narrow range between $2,485 and $2,520, signaling compression ahead of a potential breakout.
Ethereum Price Forecast: Where Is ETH Headed Next?
Using Fibonacci retracement levels drawn from April’s low at $1,620** to May’s peak near **$2,750, we can identify key support zones:
- 38.2% retracement = $2,357
- 50% retracement = $2,185
- 61.8% retracement = $2,012
So far, Ethereum has respected the 38.2% zone, finding support just above $2,350**. A daily close below **$2,500 could trigger a test of the $2,350–$2,185 support band. A breakdown below $2,185 would likely open the door to the psychologically significant **$2,000** level.
On the upside, Ethereum must reclaim $2,571 (50-hour SMA)** to shift short-term sentiment. A sustained move above this level could challenge the critical resistance zone between **$2,680 and $2,750**. A strong breakout beyond **$2,750 may fuel bullish continuation toward $3,000** and eventually **$3,250, aligned with Fibonacci extension levels.
Is the Market Bearish on Ethereum?
Current price structure suggests bears are in slight control. Ethereum’s failure to reclaim key hourly SMAs, combined with narrowing highs and lows, hints at a developing bearish triangle pattern. Declining volume further signals that a volatility expansion could occur within the next 48 to 72 hours.
The direction of the next major move will likely hinge on whether $2,500 holds as support or gives way:
- If ETH closes below $2,485 on the hourly chart**, expect a drop toward **$2,350, potentially reaching as low as $2,185
- If ETH breaks above $2,571**, the next targets are **$2,680 and **$2,750**, with momentum building toward $3,000
Weekly Outlook: Key Levels for Traders to Monitor
This week, Ethereum is likely to remain range-bound until a clear breakout or breakdown occurs. Traders should focus on three pivotal levels:
- $2,500 – Critical short-term support
- $2,570 – Immediate resistance and trend trigger
- $2,750 – Key breakout zone for bullish continuation
A confirmed move above $2,750—especially if Bitcoin remains stable—could ignite strong bullish momentum toward $3,000. Conversely, failure to defend $2,500 may lead to further downside pressure toward $2,185 or lower.
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Frequently Asked Questions (FAQ)
Q: What is the immediate support level for Ethereum?
A: The immediate support is at **$2,485**, with stronger support between **$2,350 and $2,185**. A close below $2,500 increases the risk of a deeper correction.
Q: Can Ethereum reclaim $3,000 this week?
A: A move to $3,000 is unlikely unless ETH breaks and holds above $2,750 first. That would require strong market sentiment and sustained buying volume.
Q: What technical pattern is forming on the hourly chart?
A: A bearish triangle is potentially forming due to converging lower highs and lows. A breakout—either up or down—could occur soon with increased volatility.
Q: How does Bitcoin’s price affect Ethereum’s outlook?
A: Bitcoin’s stability often influences altcoins like Ethereum. If BTC holds above $60K–$65K, it increases the likelihood of ETH breaking higher. A BTC drop could drag ETH down with it.
Q: What indicators suggest a reversal is coming?
A: A daily close above the 200-day SMA ($2,680) or a surge in trading volume during an upward move would signal potential bullish reversal. Conversely, low-volume rallies suggest weak momentum.
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With technical indicators pointing to an imminent directional move, this week could be pivotal for Ethereum’s short-term trajectory. Whether bulls regain control or bears extend their influence depends on how price reacts at these critical junctures.
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