$ETH /USDT – Consolidation at Key Support! Breakout Imminent?
Current Price: $2,494.22 (▼ -0.72%)
Category: Layer 1 / Market Leader
📊 Trading Data
24h High: $2,547.79
24h Low: $2,468.56
24h Volume:
ETH: 334,816.47
USDT: $841.27M
🕒 Last Update: 2025-06-02 10:00 UTC
⚡ Momentum Analysis
Ethereum is showing signs of range compression between $2,470–$2,550 with decreasing volatility but steady liquidity. Buyers are absorbing dips, indicating a potential push higher once BTC leads a breakout.
📈 Long Setup
Entry Zone: $2,470 – $2,510
Targets:
T1: $2,570
T2: $2,630
T3: $2,720
Stop Loss: $2,455
✅ Breakout Confirmation Level
Confirmation: 4H close above $2,550
Key Support: $2,465 – $2,455
💡 Pro Tip for Traders:
ETH is lagging slightly behind BTC but showing strong defensive support near $2,470. Watch for a synchronized breakout with BTC above $106K. A strong ETH push could lead to rapid rotation into L2 and DeFi tokens.