Ethereum Market Trend Analysis 20250624

The hourly trend continues to move in sync with Bitcoin, with daytime fluctuations trending upwards. After a quick drop at the opening of the US stock market, it quickly rebounded and continued to rise.

The daily chart shows a long bullish candle with short upper and lower shadows, and the trading volume is slightly less than the previous day. This trading volume does not match well with the bullish candle.

The daily MA30 line has flattened due to this large bullish candle, but the price is still below the MA30 line, indicating that it is merely a rebound and not a reversal. Only when the price stands above and stabilizes above the MA30 line can it be considered a trend reversal.

The lower edge of the upcoming red box (2450) and the daily MA30 line (2550) will remain important resistance levels in the near term. After this rebound, I believe there will still be a downward adjustment, so long positions should remember to take profits in a timely manner.

Daily level resistance at 2450-2560-2690, support at 2120-2000-1860.