Current Outlook & Price Action
Intraday trading has ranged from $2,465 to $2,657, with ETH now hovering around $2,546.
The recent sharp drop—about 8% intraday—was triggered by regional tensions (Israel-Iran), with liquidations exceeding $291 million in ETH contracts.
Technical Patterns & Predictions
Short-term: ETH rebounded off the $2,500–$2,530 support band but faces resistance at $2,650–$2,750.
Bullish formations: An ascending triangle and wedge breakout suggest targets near $2,920 and potentially $3,065–$3,300 if ETH clears $2,750.
Moderate forecasts: CoinCodex sees ~7% upside to $2,830 by early July; DigitalCoinPrice and WalletInvestor project $3,155–$3,318.
Macro & Institutional Tailwinds
ETH spot ETP inflows remain strong, supported by SEC clarity on staking.
The Pectra upgrade and growing stablecoin use on Ethereum are strengthening its long-term value.
June Outlook
Bullish: ETH stabilizes above $2,650 and targets $2,800–$3,000
Sideways: Consolidation between $2,500–$2,750
Bearish: Renewed geopolitical stress may push ETH below $2,500
Key Levels to Monitor
Support: $2,500–$2,530
Resistance: $2,650–$2,750
Options max pain: ~$2,650 this week
Summary: June is a pivotal month for ETH. A breakout above $2,750 could lead to a July rally, but volatility is expected to remain high.
