Ethereum Market Trend Analysis 20250610

The hourly level is synchronizing with Bitcoin, with a slightly larger increase.

The daily line is also a large bullish candlestick, with trading volume being more than twice the average daily trading volume over the weekend; however, compared to the average daily trading volume during working days, there hasn’t been a significant increase.

The daily MA30 line shows a flat trend, and the MACD is exhibiting a weakening of downward momentum above the zero axis, with the fast and slow lines approaching a golden cross. If a golden cross occurs, it will similarly indicate a reversal at the daily level, allowing for further price increases.

It is important to note that the price has once again approached the upper edge of the red box oscillation area. From previous trends, it can be seen that the price has touched the upper edge of the red box multiple times and has been suppressed, forming a downward trend. Therefore, at this position, long positions should be appropriately reduced to secure profits.

If the price breaks through the red box's resistance (2730), one can chase a short-term long position, or for a more conservative approach, wait for a pullback after the breakout before entering.

Daily level resistance is at 2730-2820-3066, and support levels are at 2550-2350-2200-2130.