As of June 5, 2025, Ethereum (ETH) is trading at approximately $2,603.53 USD, experiencing a slight decline of 1.14% over the past 24 hours. The day's trading range has seen a high of $2,667.15 and a low of $2,594.21.
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📊 Technical Overview
Support Levels:
**$2,400–$2,600**: This $ETH range has established itself as a strong support zone, reinforced by both historical price action and on-chain data.
**$2,550**: The 50-day moving average is currently around this level, acting as a dynamic support point.
Resistance Levels:
**$2,660–$2,745**: Ethereum $ETH faces significant resistance in this zone, which has historically acted as a supply wall, challenging upward momentum.
**$2,750 and $3,000**: These are key psychological and technical resistance levels that ETH needs to surpass to confirm a bullish breakout.
Relative Strength Index (RSI):
The RSI is currently at 58, indicating neutral market conditions. This suggests there is room for upward movement without entering overbought territory.
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📈 Market Sentiment
Institutional Inflows:
Ethereum $ETH has seen consistent institutional investment, with notable inflows into spot ETFs, including the BlackRock iShares Ethereum Trust (ETHA). This indicates growing confidence among institutional investors.
Whale Activity:
Significant accumulation by large holders has been observed, with whales purchasing substantial amounts of ETH, signaling bullish sentiment among major investors.
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🔮 Price Predictions
Short-Term (June 2025):
If Ethereum can break above the $2,660–$2,745 resistance zone with strong volume, it may target the $2,850–$2,880 range. A daily close above $3,013 could potentially trigger a rally toward $4,000.
Mid-Term (2025):
Analysts predict that Ethereum could reach between $4,905 and $5,925 by the end of 2025, especially if institutional adoption continues to grow.
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