Ethereum Price at a Crossroads: Key Levels to Watch as June Comes to a Close

As Ethereum (ETH) navigates the turbulent macro and cryptocurrency landscape, the battle between bulls and bears intensifies with the arrival of the last week of June. Currently, the price is trading within a narrow range, with all eyes focused on a key resistance area that may determine the next major move.

Bullish Scenario: Breakthrough Target at $2,448

If the bulls successfully push Ethereum above the direct supply zone between $2,260 and $2,280, a short-term rebound may occur. A successful breakout of this area would open the door for a retest of $2,333, aligning with the 20-day moving average (a closely watched momentum indicator).

In addition, ETH may aim for a bullish confluence zone between $2,380 and $2,448, formed by previous highs and technical resistance levels. However, for this scenario to materialize, trading volume must support the breakout, and Ethereum must decisively break through the VWAP/SAR resistance level, which has acted as a ceiling in recent trading days.

Bearish Setup: Falling Below $2,200 May Trigger Deeper Losses

On the other hand, failing to hold the $2,200 support level would invalidate the current short-term recovery structure. A drop below this level could lead ETH to fall towards $2,026, aligning with the 0.236 Fibonacci retracement level and a key liquidity level.

If selling pressure accelerates, Ethereum could further drop towards $1,958 (previous structural support level), with deeper downside targets approaching $1,880 and $1,490— the latter being the monthly pivot point and the lower boundary of Ethereum's multi-month channel.

Volatility Expected to Surge

Due to mixed signals across different time frames and a lack of clear directional momentum, Ethereum's price volatility is expected to remain elevated. As traders prepare for the final days of June, macro triggers, liquidity dynamics, and investor sentiment may play a key role in shaping Ethereum's short-term trajectory.