As of June 11, 2025, Ethereum (ETH) is trading at $2,772.29, reflecting a 3.43% increase for the day.
🕒 1-Hour Chart Technical Analysis
Trend Overview:
Bullish Momentum: ETH has surged past the $2,800 mark after rebounding from a low of $2,483, indicating strong bullish momentum.
Resistance Levels: Key resistance zones are identified between $2,850 and $2,880. A breakout above these levels could propel ETH towards $2,920.
Technical Indicators:
Relative Strength Index (RSI): Currently at 51.05, suggesting neutral market conditions without overbought or oversold signals.
Moving Averages: The 5, 10, 20, and 50-period simple moving averages are aligned in a bullish configuration, supporting the upward trend.
MACD: The MACD line is above the signal line, indicating positive momentum.
Volume Analysis:
Trading volume has increased, with over 1 million ETH traded, signaling strong buyer interest and supporting the current price movement.
Open Interest:
Open interest has surpassed $40 billion, indicating high leverage and potential for increased volatility.
🔍 Summary
Ethereum is exhibiting a bullish trend on the 1-hour chart, supported by strong technical indicators and increased trading volume. Key resistance levels are between $2,850 and $2,880, with a potential target of $2,920 upon a breakout. Traders should monitor these levels closely for potential entry or exit points.