Ethereum is trading around $2,543 today, showing a slight drop of about 0.07%. The intraday range is between $2,466 and $2,770, indicating high volatility.
ETH has broken a short-term bullish trend and slipped below its 50-period EMA, suggesting a bearish bias. Key support lies at $2,540 and $2,410.
Despite this short-term weakness, Ethereum remains above May's range, supported by ETF inflows and strong long-term sentiment.
Traders are watching for stabilization around $2,540 to confirm any rebound. Overall, ETH shows a bearish trend today with potential for recovery if macroeconomic sentiment or Bitcoin performance improves.
