Ethereum (ETH) is currently trading around $2,300–$2,450, showing signs of consolidation after a strong rally in May. The market is now at a crucial decision point, with both bullish and bearish scenarios possible.
🔼 Bullish Outlook
$ETH is forming a bullish wedge and may break out toward $2,700–$3,000.
If $2,580–$2,600 resistance breaks with volume, $ETH could retest $2,750+.
Institutional interest is growing, especially due to ETF flows and whale accumulation.
Mid-term projections (2025) target $4,000–$6,000, possibly higher.
🔽 Bearish Risks
If ETH breaks below $2,457, it could drop toward $2,300 or even $1,865.
Weak macroeconomic conditions or regulatory issues could pressure prices.
📉 Key Levels
Support: $2,384, $2,457
Resistance: $2,580, $2,775, $3,000
✅ Conclusion
$ETH is currently in a tight range. A breakout above $2,600 could trigger strong bullish momentum, while a breakdown below $2,457 may signal further downside. Traders should watch ETF flows, volume spikes, and global macro conditions for confirmation.
