Ethereum Market Trend Analysis 20250627

The daily chart shows a small bearish candlestick in the shape of a doji, with trading volume being roughly the same as the previous day.

The daily MA30 line is still in a downward trend, and the MACD is below the zero line, showing a weakening trend even with slight declines. If the next two days can close with bullish candlesticks, the MACD will form a golden cross, which means the price may still have a chance to rise, but if Bitcoin declines, Ethereum will definitely follow suit.

As mentioned yesterday, when prices rise and encounter the daily MA30 line, a decline or adjustment is inevitable, and indeed, yesterday's price surge faced resistance at the daily MA30 line and began to decline.

Next, we still need to watch how Bitcoin performs. If Bitcoin rises, Ethereum will fall; if Bitcoin falls, Ethereum will fall. Only if Bitcoin maintains a narrow range of fluctuations can Ethereum have a chance to catch up with a rise.

Currently, it is still merely a rebound trend in a downward trend, not a reversal.

Daily level resistance points are 2530-2690-2730, support points are 2120-2000-1860