Ethereum Market Trend Analysis 20250610

The hourly level is moving in sync with Bitcoin, with a slightly larger increase.

The daily line is also a large bullish candle, with trading volume more than twice the average daily trading volume over the weekend; however, compared to the average daily trading volume during workdays, there hasn't been a significant increase.

The daily MA30 line is trending flat, and the MACD shows weakening downward momentum above the zero axis, with the fast and slow lines about to golden cross. If a golden cross occurs, it will also signify the effectiveness of a rebound at the daily level, leaving room for further price increases.

It is important to note that the price has once again approached the upper edge of the red box oscillation area. From previous trends, we can see that the price has touched the upper edge of the red box multiple times, facing resistance and forming a downward trend. Therefore, at this position, it is advisable to reduce long positions to secure profits.

Once the price breaks through the resistance of the red box (2730), one can chase a short-term long position. For a more conservative approach, wait for a pullback after the breakout before entering the market.

Daily level resistance levels are 2730-2820-3066, and support levels are 2550-2350-2200-2130.