Ethereum Market Trend Analysis 20250616

The weekly chart shows a small bullish candlestick with a long upper shadow and a short lower shadow, resembling a doji pattern. The trading volume has increased by nearly half compared to the previous week, but remains roughly consistent with the weeks prior.

The price initially rose and then fell, attempting to break through the weekly MA30 line and the upper edge of the red box, but after a short-term spike, it was suppressed below the weekly MA30 line.

Currently, there have been five consecutive weeks of this doji candlestick pattern on the weekly level, indicating significant upward resistance on one hand, while on the other hand, the main force is attempting to use this method for a shakeout.

The weekly MA30 line is still showing a downward trend, and the MACD is slowly returning to the zero axis below, indicating an increase in upward momentum.

In the short term, the price is expected to continue this oscillating trend, waiting for the weekly MA30 line to turn upwards and for the MACD to cross above the zero axis before the real price uptrend begins.