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Ether Technical Analysis: Prices Could Reach Mid-$3,000s Soon:
The digital currency, the world’s second-largest by total market value, climbed above the $2,800 level on Tuesday, June 10 for the first time since late February, according to Coinbase data from TradingView.
“Now that ether has broken above $2,800, the next key resistance level is $3,000—a psychological barrier and a price ceiling seen multiple times in March. If ETH can close above that with strong volume, it opens the door to a move toward $3,200,” Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated via email.
On the downside, immediate support lies near $2,650, with stronger buying interest likely around $2,400, which coincides with the 100-day moving average,” he added.
“Technical traders are also watching RSI, which is approaching overbought territory—suggesting momentum is strong but could be due for a cooldown if price stalls below $3,000.”
Tim Enneking, managing partner of Psalion, offered a similar take on the matter.
“$2,850 is the next key level which we are barely below now. That would push the current price back to early February in terms of the last time ETH was above $2,800,” he stated through emailed input.
“If ETH can push through that (less clear), $3,100 will also be tough. If ETH takes that out, it’s pretty clearly sailing until around $3,450.”
“Ethereum has been on a hot streak this week. Having touched $2.4k to now trying to break above $2.8k,” he clarified through emailed responses.
“Resistance levels stand at $2,820, if breached, we could see ETH cruise to low $3k territory. If the low $3k territory is breached, ETH could see mid-January 2025 levels at $3.3k - $3.4k," stated Aguilar.
“Support levels are in the mid $2.6k range, if support is unable to hold, we could see ETH retrace to mid $2.5k, followed by low $2.4k range."