Technical analyses on ETH/USDT as of June 23, 2025, indicate bearish movements amid critical support levels, with prices potentially dropping to $2,400 while some expect a breakthrough of resistance towards $2,800.
🔎"*Current Market Condition*"
Current price of ETH: Approximately $2,500
📉Trend: The price is moving within a sideways price channel, with increasing downward pressure. While some indicators show signs of a potential rebound, the market is still experiencing selling pressure.
🎤"Technical Analysis"
Support and Resistance Levels:
Support: Centered around $2,400 – $2,500, where buyers are expected to test these areas.
Resistance: Concentrated around $2,600 – $2,800, which represents critical areas where a breakthrough could lead to effective upward movements.
-"Technical Indicators":
Relative Strength Index (RSI): Near 30 levels, indicates a potential oversold condition that may precede a price rebound.
Moving Averages: Simple moving averages indicate Dow pressures, with increasing negative influence on the bullish price momentum.
📊Upcoming Movements:
Bullish Scenario: If the price can maintain the support level at $2,500 and strongly break through the resistance at $2,600, it could move towards $2,800 – $3,000, indicating a return of positive momentum.
Bearish Scenario: Breaking the support level at $2,400 could push the price towards $2,300, which may represent the beginning of a deep corrective spiral.
🎉"Market Momentum"::
🤑Positive Momentum: The aggregation of whales and speculators indicates a potential buying pressure that could benefit the price if market conditions continue to improve.
⛔*Volatility Warning*: Investors should be cautious of any sudden fluctuations, and it is advisable to monitor news related to Ethereum and its impact on the market as a whole.
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