$ETH Rise to $2,700 — is this the beginning of a new cycle?

As of June 10, 2025, Ethereum is trading around $2,676, showing an increase of 7.3% over the last 24 hours. After a correction to $2,460 at the beginning of the month, ETH has recovered, breaking through the key resistance level of $2,500 and setting new daily highs at $2,720.

📊 Technical Analysis:

• Support: $2,500

• Resistance: $2,700–$2,800

• Market Sentiment: 62 (Greed)

📈 June Forecast: If ETH remains above $2,700, the next target could be $3,000. However, if the price drops below $2,500 again, a return to the $2,300 level is possible.

🔍 Factors Affecting the Market:

• Institutional Investments: Increased demand for Ethereum ETFs.

• Technical Upgrades: After the Pectra upgrade, the network has become more efficient.

• Macroeconomic Factors: The impact of inflation and interest rates on the cryptocurrency market.

💡 Recommendations:

• For Traders: It is recommended to monitor support and resistance levels to determine entry and exit points.

• For Investors: Consider the possibility of long-term holding under positive market conditions.