Technical Analysis of Ethereum $ETH (ETH) – June 3, 2025
Recommendation below 👇
Current Price: Around $2,639
Daily Change: +$113.71 (+4.5%)
Today's High: $2,645.30
Today's Low: $2,524.89
✅ General Trend: Bullish
Technical Pattern: A "cup and handle" formation on the daily chart, indicating a potential bullish breakout.
Momentum Indicators: The Relative Strength Index (RSI) is above 62, indicating strong bullish momentum.
Volume: Trading volume is rising, supporting the uptrend.
📈 Key Resistance Levels:
$2,700: A psychological resistance level.
$2,750: A breakout of this level could push the price towards $3,000.
$3,000: Strong resistance level.
$3,255: Potential target in a bullish scenario.
$4,000: Critical resistance level last tested on May 20, 2025.
📉 Key Support Levels:
$2,592: Intraday low.
$2,525: Important previous support.
$2,468: Key upcoming support.
$2,240: 20-week moving average (20W SMA).
$2,370: 21-week exponential moving average (21W EMA).
🧭 Recommendation:
For day traders: Watch for a break above $2,700 with high volume and positive momentum indicators.
For medium-term investors: Hold positions as long as the price remains above $2,500, while monitoring any corrections towards the mentioned support levels.
