$ETH As of June 7, 2025, Ethereum (ETH) is trading at approximately $2,488.07, reflecting a 1.48% increase from the previous close. The intraday high reached $2,519.88, while the low dipped to $2,451.15.
š Short-Term Outlook
The cryptocurrency market experienced a downturn on June 6, with Ethereum falling below the $2,500 mark. This decline was part of a broader market correction, influenced by various factors including macroeconomic uncertainties and market sentiment shifts.
š Medium-Term Projections
Despite recent volatility, some analysts maintain a cautiously optimistic outlook for Ethereum. For instance, CoinCodex projects a potential rise to $2,838.19 by March 28, 2025, indicating a 13.67% increase from current levels.
š Key Support and Resistance Levels
Support: $2,450
Resistance: $2,520
A break below $2,450 could signal further downside risk, while a move above $2,520 might indicate a potential reversal to the upside.
