Ethereum Market Trend Analysis 20250613

Yesterday I mentioned that if Bitcoin does not drop, then Ethereum can continue to rebound. However, if Bitcoin is going to drop, Ethereum will also follow suit.

Currently, a top pattern has appeared on the daily chart. After the price briefly broke through the red box area, it could not hold above the upper edge of the red box upon retracement and continued to drop. The first support level is at the 12-hour EMA52, which is around 2544 now. The second support level is the daily EMA52 line, around 2410. Both of these levels will see a rebound, but the strength of the rebound is expected to be stronger at the daily EMA52 line; this position is also close to the lower boundary of the red box.

In the short term, the strategy remains to short on rebounds, with the first resistance level at 2660 and the second resistance level near the upper edge of the red box at 2730.

Daily level resistance is at 2730-2960-3060, with support at 2540-2410-2350-2200-2130.