Yes, Ethereum ($ETH ETH) is exhibiting bearish behavior today, June 2, 2025.

Currently, $ETH

is trading at approximately $2,498, reflecting a slight decline of 0.33% over the past 24 hours. Recent technical analyses highlight several bearish indicators:

Bearish Divergence: Despite $ETH first monthly gain in 2025, analysts have identified a bearish divergence, suggesting potential downward pressure on the price.

Rising Wedge Formation: On shorter timeframes, ETH is forming a rising wedge pattern, typically a bearish signal, indicating fading buyer strength and a possible downward breakout.

Moving Averages: Technical analysis shows that 92.86% of moving average signals are bearish, reinforcing the downward trend.

Additionally, the broader cryptocurrency market is experiencing a downturn, with Bitcoin and other major altcoins also showing bearish trends.

Given these factors, traders and investors should exercise caution and monitor key support levels, particularly around the $2,470 mark, as a breach below this could signal further declines.