Ethereum Market Trend Analysis 20250621

The hourly trend is synchronized with Bitcoin, first rising, then consolidating, followed by a rapid decline.

The daily line shows a long bearish candlestick with short upper and lower shadows, and the trading volume is more than twice that of the previous day, but still within the normal trading volume range.

The price has broken below the lower edge of the red box and has also fallen below the support of the daily EMA52 line. The daily MA30 line has also started to turn downward. The MACD fast line has crossed below the zero line, and the slow line is also showing increased downward momentum near the zero line. Due to the long candlestick body, the downward momentum has not been fully released, and it is necessary to pay attention to potential rebounds at the hourly level before further price declines.

Recently, we have been saying that if Bitcoin falls, Ethereum will definitely follow. Only when Bitcoin is consolidating does Ethereum have a chance to catch up.

Currently, Bitcoin has not adjusted properly. We need to wait for Bitcoin to complete its adjustment before Ethereum has the potential to show a good upward trend.

The daily level resistance levels are 2560-2680-2770-2960-3060, and support levels are 2320-2200-2130.