📈 Technical Indicators and Current Trends
Prices on June 24, 2025: Ethereum is currently trading near 2,410 USD, marking a slight increase since yesterday.
Daily Trading Range: Between ~2,200-2,430 USD, with key support levels at ~2,205-2,220 USD, and resistance near the EMA50 average above ~2,545 USD.
Technical Indicators:
A "Buy Excess" signal has emerged on the RSI indicator at the EMA50 covered by the corrective behavior, indicating the likelihood of upcoming negative pressure.
However, the moving averages support a short-term bullish trend as long as the price remains above ~2,205 USD.
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🎯 Expected Scenarios
1. Potential Downtrend
If the pressure on the EMA50 continues and the price fails to break the resistance at ~2,545 USD, Ethereum may continue to retreat to the support around 2,205 USD. There is a possibility of further correction down to 1,600-1,700 USD based on the similarity to the June 2021 pattern.
2. Bullish Reversal
If it manages to surpass the EMA50 and the resistance at ~2,545 USD, it may open the path towards levels of 2,800-3,000 USD as the first target, based on some forecasts for June 2025.
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📰 Supporting Factors and News
Era of Stability: Bitcoin's dominance has recently increased despite—somewhat—an improved structure for Ethereum, particularly through increased liquidity activity on the network (stablecoins, DeFi) and enhancing technical recovery with the recent Pectra upgrade.