Ethereum market trend analysis 20250609
The weekly line is currently a small bearish candlestick in the form of a doji, with trading volume remaining basically the same as the previous week, and recent weeks have maintained a slight ongoing reduction in volume.
The weekly MA30 line is still in a downward trend, and the price has rebounded to the MA30 line over the past three weeks, but has then shown a downward pullback, unable to effectively break through.
The weekly MACD, after a long period below the zero axis, has started to return to near the zero axis, but is still some distance away, indicating a slow and continuous increase in upward momentum.
The weekly level trend is still influenced by Bitcoin in the short term; if Ethereum does not rise, altcoins will struggle to perform well. The weekly level must effectively break through the resistance of the MA30 line, stand above it, and consolidate to open up upward space.
The daily line is also a small bearish candlestick in the form of a doji, with trading volume remaining basically the same as the previous day, maintaining a state of reduced volume over the weekend.
The daily MA30 line has started to show an upward trend, turning flat, while the MACD is gradually approaching the zero axis from above after a long adjustment period, indicating a weakening downward momentum.
After the price broke below the daily MA30 line on June 5, every rebound has faced resistance at the daily MA30 line, leading to a downward pullback, and it has not been able to effectively break through.
Only when the price breaks through the resistance of the daily MA30 line, stands above it, and consolidates can a new upward space be opened.
Short-term trends will still be influenced by Bitcoin; only when Bitcoin remains stable (not falling) will Ethereum have a good opportunity for performance.
If the price can return to around 2350, it would be a very good short-term buying opportunity.
Daily level resistance at 2560-2740-2820-3066, support at 2350-2200-2130.
From Ethereum's liquidation heat map, it can be seen that
The price is rising, with a large number of substantial and oversized short positions waiting for liquidation in the 2550-2612 range.
The price is falling, with a large number of substantial and oversized long positions waiting for liquidation in the 2492-2364 range.
