Ethereum Feeling Bullish or Bearish? Exclusive Insights!

Ethereum is drawing fresh attention from traders as technical indicators suggest the possibility of a bullish breakout. The MACD histogram continues to trend upward, signaling growing momentum in Ethereum's favor. Meanwhile, the 9 EMA remains consistently above the 20 EMA, reinforcing the ongoing uptrend.

The RSI has stayed stable in the 50–70 range, indicating strength without tipping into overbought territory. With ETH hovering just below the $2,579 resistance level, all eyes are on whether it can break through and aim for the next targets at $2,630 and $2,631.

On the downside, ETH appears well-supported around $2,540, $2,533, and $2,529. This gives traders a clear range to define entries, exits, and stop-losses based on trend confirmation.

📊 ETH's current structure offers strategic opportunities for both bullish continuation and trend reversals—depending on how it handles this resistance.

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Read the full analysis: www.ecoinimist.com/2025/06/16/ethereum-price-technical-insights