As of June 6, 2025, Ethereum (ETH) is trading at approximately $2,543.16, reflecting a 3.3% decline over the past 24 hours.
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๐ Technical Analysis: Key Support & Resistance Levels
Resistance Levels:
$2,660โ$2,745: This $ETH zone has acted as a significant supply wall, with multiple breakout attempts facing rejection. A decisive move above this range could pave the way toward $3,000.
$2,700: Corresponds with the 200-day Simple Moving Average (SMA), a critical technical barrier. Surpassing this level may signal a bullish trend continuation.
Support Levels:
$2,500: $ETH psychological support level where buyers have previously stepped in, helping to stabilize price declines.
$2,300: Identified as a lower support boundary, marking the bottom of the current trading range.
$1,655: A deeper support level, with potential to be tested if bearish momentum intensifies.
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๐ฎ Price Predictions for June 2025
Binance: Projects $ETH to trade around $2,546.80 on June 6, 2025, indicating a stable outlook.
Changelly: Forecasts a 3.07% increase, expecting ETH to reach approximately $2,692.24 by June 6, 2025.
CoinPedia: Suggests a potential high of $5,925 for ETH in 2025, with an average price around $4,392, contingent on favorable market conditions.
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