$ETH /USDT โ Consolidation at Key Support! Breakout Imminent?
Current Price: $2,494.22 (โผ -0.72%)
Category: Layer 1 / Market Leader
๐ Trading Data
24h High: $2,547.79
24h Low: $2,468.56
24h Volume:
ETH: 334,816.47
USDT: $841.27M
๐ Last Update: 2025-06-02 10:00 UTC
โก Momentum Analysis
Ethereum is showing signs of range compression between $2,470โ$2,550 with decreasing volatility but steady liquidity. Buyers are absorbing dips, indicating a potential push higher once BTC leads a breakout.
๐ Long Setup
Entry Zone: $2,470 โ $2,510
Targets:
T1: $2,570
T2: $2,630
T3: $2,720
Stop Loss: $2,455
โ Breakout Confirmation Level
Confirmation: 4H close above $2,550
Key Support: $2,465 โ $2,455
๐ก Pro Tip for Traders:
ETH is lagging slightly behind BTC but showing strong defensive support near $2,470. Watch for a synchronized breakout with BTC above $106K. A strong ETH push could lead to rapid rotation into L2 and DeFi tokens.
