Ethereum Market Trend Analysis 20250607

The hourly trend is synchronized with Bitcoin, showing a quick rebound after a downward trend.

The daily line is a small bullish candle with upper and lower shadows, and the trading volume is one-third less than the previous day, but is generally consistent with the average daily trading volume of the past few days, which is considered normal. The price rebound encountered resistance at the daily MA30 line, forming a downward trend at the hourly level, currently following Bitcoin in a range-bound movement at the hourly level.

The daily MA30 line is still in an upward trend, and the MACD is in the process of returning to the zero axis above the zero line. After a rapid decline on the 5th, the price broke through the support of the daily MA30 line and is currently operating below it. The strong support in the near term is still around 2350, and a rebound is expected when reaching this level. For the short-term trend, just look at Bitcoin.

Daily level resistance levels are 2540-2740-2820-3066, support levels are 2350-2200-2130.