Ethereum Market Trend Analysis 20250614

As expected, Bitcoin's decline has brought Ethereum down with it. It experienced a rapid drop, hitting near the daily EMA52 line, and formed a rebound trend with hourly-level oscillations. The difference is that Bitcoin closed with a bullish candle, while Ethereum closed with a bearish candle.

The rebound position also reached the daily MA30 line, but at the hourly level, Ethereum's rebound only reached the 45-minute resistance level before starting to decline again along with Bitcoin.

The daily line shows a bearish candle with a long lower shadow, indicating that the downward momentum has not been fully released, and the price is likely to continue to fall with Bitcoin to find support levels.

The daily MA30 line has flattened, and the MACD shows weakening upward momentum above the zero axis, indicating a bearish divergence at the daily level, so any upcoming rise is considered a rebound.

The daily EMA52 line (2420) remains the first support level, and when the price reaches this point, there will still be a rebound.

Daily level resistance levels are 2600-2730-2960-3060, and support levels are 2420-2320-2200-2130.