Ethereum Market Trend Analysis 20250612
The hourly trend is basically in sync with Bitcoin, but it seems that the big brother is ahead in many aspects. Both are experiencing a downward fluctuation during the day, but the upward initiation for the big brother starts a bit earlier, and it seems a new high has been reached recently. Currently, it is in a 1-hour rebound within a daily line rebound, which has not yet restored the 1-hour EMA52 trend. After this fluctuation at the hourly level, there will be another rebound, provided that Bitcoin does not drop. If Bitcoin falls for adjustment, then Ethereum will also drop, and will aim for a 2-4 hour support rebound (2683-2636).
The daily line shows a small bearish candlestick with upper and lower shadows, and the trading volume has decreased by about the previous day, although it still maintains a high trading volume status. The price has already broken through the red box area, and once it stabilizes, there is further upward space, targeting the 2960-3050 area. If it does not stabilize, it will return to the red box area for wide fluctuations. As long as Bitcoin does not drop, Ethereum can still be expected to continue rising.
Daily level resistance at 2960-3060-3240, support at 2680-2580-2350-2200-2130
