Ethereum Analysis ($ETH ) – June 16, 2025

ETH returns above $2,600 with increasing volumes: a sign of strength or a false start?

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🔹 Current price: ~$2,637

🔹 Daily change: +3.3%

🔹 Today's range: $2,494 – $2,652

🔹 Volume increasing, a sign of strong market participation

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📈 Technical analysis

🔸 Key supports: $2,517 – $2,540

🔸 Resistances to break: $2,621 – $2,633

🔸 Potential short target: $2,750 – $2,800

🔸 Active pattern: Cup & Handle ➜ possible extension towards $4,100 in case of breakout

📊 Indicators:

• RSI recovering, still below overbought levels

• Positive MACD, momentum strengthening

• Whale accumulation between $2,311 – $2,392

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🔮 Outlook

📌 CoinCodex predicts +9% in 5 days → target: $2,858

📌 Risk if ETH breaks down below $2,461

📌 Focus on #ETF spot & Ethereum update “#Pectra ”: bullish driver

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🧠 In summary

ETH shows signs of strength on multiple fronts:

✔️ Increasing volumes

✔️ On-chain accumulation

✔️ Favorable technical setup

❗️Watch the support zone $2,517: will it hold or break?

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