Ethereum Market Trend Analysis 20250613

Yesterday it was mentioned that if Bitcoin does not drop, then Ethereum can continue to rebound. However, if Bitcoin is going to drop, Ethereum will also drop along with it.

Currently, the daily chart has also shown a top formation. After the price briefly broke through the red box area, it could not hold above the upper edge of the red box upon retracement and continued to drop. The first support level is at the 12-hour EMA52, which is around 2544 now. The second support level is the daily EMA52 line, which is around 2410. Both of these levels will have rebounds, but the strength of the rebound needs to be stronger than that of the daily EMA52 line. This position is also close to the lower edge of the red box area.

In the short term, the focus remains on short selling during rebounds, with the first pressure level at 2660 and the second pressure level near the upper edge of the red box at 2730.

Daily level pressure levels are 2730-2960-3060, and support levels are 2540-2410-2350-2200-2130.