Here is the analysis of 'ETH Ethereum consolidation strengthens':
Technical analysis
- Short-term trend: As of June 3, 2025, ETH is currently priced at approximately $2,646.2, up 1.45% from yesterday, with a 24-hour fluctuation range of $2,560 to $2,650. On the 4-hour chart, the MACD indicator shows a clear golden cross pattern, with increasing volume indicating strong short-term momentum; the RSI indicator has risen to around 65, in a strong area but not yet overbought; the Bollinger Bands are opening upwards, with the price operating in the upper band, indicating the possibility of continued upward movement in the short term.
- Mid-term trend: On the daily chart, the ETH price is above all major moving averages, the 10-day moving average has started to turn upwards, forming a typical 'golden cross' pattern, which usually indicates a positive mid-term trend.
- Long-term trend: From a longer-term technical perspective, Ethereum is consolidating within a three-year ascending triangle, with the possibility of a new 'paradigm shift' approaching.
Market performance
- Recent trend: Since May 2025, ETH's overall increase has reached 44.28%, significantly outperforming Bitcoin. On May 9, cryptocurrencies including Bitcoin and Ethereum collectively rose, with Ethereum's intraday increase expanding to $2,490, up 25% in the past 24 hours.
- Market sentiment: ETH is currently in a high consolidation phase, and the market is waiting for technical indicators to be repaired. However, from the June 3 market, ETH has shown significantly stronger performance than Bitcoin, having cumulatively risen over 3.2% since last week, leading the market rebound.
Influencing factors
- Technological upgrades: Ethereum's technological upgrades have a significant impact on its price trend. For example, the Pectra upgrade will enhance staking volume, data capacity, and scalability. Technical charts suggest that post-upgrade, ETH may surpass BTC. Once the upgrades are completed, Ethereum will become a high-throughput, low-cost smart contract platform.
- Ecosystem development: Ethereum's unparalleled ecosystem controls more than half of the total value locked in DeFi, and its second-layer network is continuously expanding, with a solid foundation. With the widespread adoption of DeFi, NFTs, and Web3, the demand for ETH may further increase.
- Institutional entry: The Ethereum ETF may be approved, and a cryptocurrency-friendly U.S. SEC in 2025 will increase institutional adoption, with tokenization efforts from major players like BlackRock also on the rise, all of which could bring significant positive impact.
Key levels
- Resistance levels: $2,700 (recent target), $2,750 (high on May 23), $2,800 (psychological integer resistance).
- Support levels: $2,600 (previously broken resistance turned support), $2,550 (recent consolidation platform), $2,500 (important psychological support level).
Operational suggestions
- Short-term operation: Given that ETH is currently in a high consolidation phase, and technical indicators need to be repaired, it is recommended to operate cautiously in the short term. One can wait for the price to pull back to important support levels before considering long positions. For example, if the price can effectively maintain support near $2,480, it may be considered to buy on dips around this level, with a target price of around $2,780.
- Mid-term operation: In the mid-term, ETH's trend still faces some uncertainties. If the price can effectively break through the upper resistance level and stabilize, such as around $2,500, it may be considered to increase positions and focus on subsequent upward movements; conversely, if it breaks below key support levels, such as $2,380, it will be necessary to consider reducing positions or stopping losses.
- Long-term operation: In the long run, the long-term value of Ethereum depends on the irreplaceability of its ecosystem. The year 2025 will be a key year to verify its status as a 'super public chain'. If the technological upgrades are successfully implemented and effective, Ethereum may be seen as a more reliable infrastructure for decentralized finance and other blockchain applications, with the potential to attract more institutional investors into its ecosystem.
