As of June 5, 2025, Ethereum (ETH) is trading at approximately $2,605.31, reflecting a slight decline of 0.51% over the past 24 hours.
Key Support Levels:
$2,584: Recent bounce point, indicating strong buyer interest.
$2,500: Psychological support level.
$2,450: Lower boundary of the current trading range.
Key Resistance Levels:
$2,640–$2,665: Immediate resistance zone.
$2,700: Next target if the immediate resistance is breached.
$2,727–$2,828: Strong resistance area marked by previous price rejections.
Technical Outlook: Ethereum has recently formed a V-shaped recovery pattern with above-average volume, suggesting bullish momentum. However, the price remains within a consolidation range between $2,600 and $2,830. A decisive move above the $2,665 resistance could pave the way for a test of the $2,700 level.
Traders should monitor these key levels closely. A break above resistance may signal further upside potential, while a drop below support could indicate increased selling pressure.