Ethereum $ETH , June 3, 2025. Short-term analysis (1–3 days) with weekly context.
Ethereum is currently trading around $2,600, showing resilience after recent corrections. The price action suggests a potential breakout if key resistance levels are surpassed.
Market Structure and Technical Overview
After a period of consolidation, Ethereum has rebounded from the $2,480 support level. The price is now approaching the $2,650 resistance zone, which has been tested multiple times in recent weeks.
Key levels:
Resistance: $2,650 – $2,700
Support: $2,480 – $2,500
Indicators:
EMA (50/100/200): The price is above the 50-day EMA, indicating short-term bullish momentum. The 100-day and 200-day EMAs are converging, suggesting a potential trend change.
RSI (D1): Currently at 62, indicating moderate bullish momentum without being overbought.
MACD (H4): Shows a bullish crossover, supporting the possibility of upward movement.
Smart Money Zones and Intentions
The $2,650 – $2,700 range has been a significant area of interest, with multiple rejections in the past. A decisive break above this zone could trigger stop-loss orders from short positions, leading to increased buying pressure.
On the downside, the $2,480 – $2,500 support zone has held firm, indicating accumulation by larger players. A drop below this level might suggest a shift in market sentiment.
Institutional Flows and Market Context
ETF Inflows: Ethereum ETFs have seen significant inflows recently, with $78.2 million added on June 2, 2025, indicating strong institutional interest.
Exchange Supply: The supply of ETH on exchanges is at its lowest since 2017, suggesting that investors are moving their holdings to long-term storage, reducing immediate selling pressure.
Near-Term Scenarios to Monitor
If Ethereum ($ETH ) breaks above the $2,650 – $2,700 resistance zone with strong volume, it could pave the way for a move towards $2,800 and potentially $3,000.
Conversely, if the price fails to break this resistance and falls below the $2,480 support, it may indicate a bearish trend, with the next support level around $2,300.
Conclusion
Ethereum ($ETH ) is at a critical juncture. A breakout above $2,700 could signal a continuation of the bullish trend, while a drop below $2,480 might suggest a reversal. Monitoring these key levels and market indicators will be essential in the coming days.
