Ethereum Market Trend Analysis 20250614
As expected, Bitcoin's decline is accompanied by Ethereum's decline, similarly experiencing a rapid drop that reached near the daily EMA52 line, followed by a rebound trend with hourly-level fluctuations. 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 with Bitcoin. The daily chart shows a bearish candle with a long lower shadow, indicating that the downward momentum has been fully released, and the price continues to decline towards the support level along with Bitcoin. The daily MA30 line has flattened, and the MACD shows a release of upward momentum above the zero axis, indicating a bearish divergence pattern at the daily level. Therefore, any upcoming upward movement is viewed as a rebound. The daily EMA52 line (2420) remains the first support level, and a rebound is still expected when the price reaches this level. Daily resistance levels are 2600-2730-2960-3060, and support levels are 2420-2320-2200-2130
