Ethereum Market Update – June 3, 2025
As of June 3, 2025, Ethereum (ETH) is trading at approximately $2,614.59, reflecting a 4.3% increase from the previous day. The day’s trading range has seen lows of $2,482.44 and highs of $2,645.30.
Technical Analysis
Ethereum’s price movement today indicates a bullish trend, with the asset reclaiming key support levels. The Relative Strength Index (RSI) suggests increasing buying momentum, while the Moving Average Convergence Divergence (MACD) shows a potential upward crossover, reinforcing the positive outlook.
On-Chain Metrics
Recent data reveals a significant decrease in ETH supply on centralized exchanges, reaching a seven-year low. This trend implies that investors are moving their holdings to self-custody wallets, signaling strong confidence in Ethereum’s long-term value. 
Fundamental Developments
The Ethereum Foundation has announced a strategic restructuring, focusing on scaling solutions, roll-up technologies, and user experience enhancements. This move aims to bolster Ethereum’s position as a leading smart contract platform. 
Conclusion
Ethereum’s current market performance, combined with positive technical indicators and fundamental developments, suggests a promising outlook. Investors and traders should monitor key resistance levels around $2,650 and support levels near $2,500 to assess potential price movements.
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