š $ETH /USDT Daily Analysis & Price Prediction ā June 3, 2025
Current Price: $2,617.44
24h Change: +4.31%
Timeframe: 1D chart (Binance)
š Key Observations
EMAs:
EMA(7): $2,586.63 ā ETH is currently above short-term EMA, indicating near-term bullishness
EMA(25): $2,477.58 ā Strong dynamic support
EMA(99): $2,294.95 ā Long-term bullish trend intact
MACD: Bearish crossover still active but weakening (MACD: -26.00, Histogram flattening)
RSI(6): 60.00 ā Approaching overbought territory, but still room to rise
Volume: Healthy volume, showing buyers are active
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š Price Prediction Scenarios
ā Bullish Scenario
If ETH holds above EMA(7) and breaks $2,650 resistance:
Entry: $2,620ā$2,640
Targets: $2,788 ā $2,840
Stop-loss: $2,540
š» Bearish Scenario
If ETH breaks back below $2,586 and EMA(25) at $2,477:
Entry: $2,470
Targets: $2,376 ā $2,294
Stop-loss: $2,620
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āļø Risk Management
Use only 2ā3% of capital per trade.
Confirm trend continuation with RSI and MACD histogram direction.
Watch for rejection at $2,650 zone if entering late.
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š Conclusion
ETH is attempting a breakout and looks bullish short-term. A close above $2,650 would be a strong bullish confirmation, while downside risk is limited unless it loses $2,477 support.
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