🧠 What’s Going On with Ethereum ($ETH )? — As of June 6, 2025

As of June 6, 2025, Ethereum ($ETH) is trading around $2,450, down over 6% from last week. This drop is part of a broader market correction and some technical pressure.

🔍 Key Highlights:

Support level: $2,424 is a key support zone. If ETH holds above this level, a bounce back toward $2,600–$2,655 is possible.

Downside risks: If support breaks, the next key levels are around $2,275 and $2,027.

Technical momentum: The RSI is near 43, showing weak buyer strength and limited upward momentum.

📈 What Could Impact ETH’s Price?

Institutional interest: Despite short-term price drops, institutional investors are still backing Ethereum — a good sign for long-term growth.

Growing competition: Platforms like Solana are gaining traction, increasing pressure on Ethereum’s market dominance.

✅ Tips for Beginners:

Don’t panic: Crypto is volatile — short-term dips are normal.

Keep learning: Understanding how Ethereum works will help you make smarter moves.

Think long-term: Ethereum is still one of the top platforms for smart contracts and dApps.