Ethereum Market Trend Analysis 20250618

The hourly trend is synchronized with Bitcoin, showing no independent market movement.

The daily line is a small bearish candle with upper and lower shadows; the body of the candle is shorter than Bitcoin's. The trading volume is basically consistent with the previous day, showing no significant increase or decrease. The daily MA30 line is still flat, and the MACD shows an increasing bearish momentum above the zero axis.

The price initially rose and then fell at the hourly level, dropping back to the lower edge of the red box area, which is also near the daily EMA52 line, where it found support and followed Bitcoin in a rebound trend at the hourly level.

At the daily level, it is still experiencing wide fluctuations, and as long as the price does not break below the daily EMA52 line, it will continue to oscillate widely within the red box area.

If Bitcoin further declines, Ethereum will certainly follow suit, aiming for support around 2320 before rebounding again, while stronger support will be around 2530, also near the daily MA120 line. Once it reaches this level, it can be a bold entry point.

The daily level resistance levels are 2680-2770-2960-3060, and support levels are 2450-2320-2200-2130.