Ethereum Market Trend Analysis 20250612

The hourly trend is generally synchronized with Bitcoin, but the fluctuations are much larger. Similarly, there is a downward fluctuation during the day, but the upward momentum started slightly earlier than Bitcoin, setting a new recent high.

Currently, it is moving within the 1-hour rebound of a daily line, but the 1-hour rebound has not yet taken effect, returning to the 1-hour EMA52 line. After some fluctuations at the hourly level, a rebound is expected, provided that Bitcoin does not decline. If Bitcoin falls for adjustment, Ethereum will also drop, heading towards the 2-4 hour support before rebounding (2683-2636).

The daily line shows a small bearish candlestick with upper and lower shadows, with trading volume about a quarter less than the previous day, yet still maintains a high trading volume status. The price has broken through the red box area, and if it stabilizes, there is further room for an upward rise, targeting the 2960-3050 area. If it does not stabilize, it will return to the red box area for wide fluctuations. As long as Bitcoin does not fall, Ethereum can still be expected to continue climbing.

Daily level resistance at 2960-3060-3240, support at 2680-2580-2350-2200-2130