On June 7, 2025, Ethereum (ETH) is trading at a level of $2,628, reflecting relative stability after the volatility seen in the market in recent weeks.

Technically, the Relative Strength Index (RSI) shows a reading of 58 on the daily chart, indicating a neutral state between buying and selling. The MACD indicator also shows a bullish crossover, supporting the likelihood of continued positive momentum.

Current support levels range between $2,424 and $2,275, while resistance levels are between $2,540 and $2,675. A strong daily close above the $2,540 level is considered a positive signal that could push the price towards higher levels.

On the fundamental side, the launch of the "Pectra" update in May 2025 boosts investor confidence as it improves network efficiency and increases the capabilities of smart wallets. Additionally, the increase in trading volume to $9.8 billion over the past 24 hours indicates a surge in market activity.

Overall, Ethereum shows positive signals supported by strong technical factors and fundamentals, indicating the possibility of a continued upward trend in the short to medium term.