Ethereum Market Trend Analysis 20250624

The weekly line is a long bearish candle with short upper and lower shadows, and the trading volume is the same as the previous week, showing no significant decline in volume.

The weekly MA30 line shows a clear downward trend, and the MACD is exhibiting weakened upward momentum below the zero line.

At the weekly level, it is evident that the rebounds in the previous weeks have failed to break above the weekly MA30 line, and the price has been moving in a sideways downward trend. Currently, the price is getting closer to the lower edge of the red box (120), which will be a relatively good short-term buying position. The weekly MA120 line is also just near the lower edge of the red box (115), forming a double support.

The weekly level is expected to experience one or two weeks of consolidation at the lower edge of the red box before continuing to rebound. Note that this is a rebound, not a reversal.

The large cycle consolidation in the 120-180 area will continue.