Ethereum is currently experiencing intense long and short battles!

First, let's look at the price data. On June 24, 2025, at 08:00, the opening price was $2411.66, reaching a high of $2418.09, but then it dropped, hitting a low of $2389.31, and finally closing at $2397.14, an overall decrease of 0.60%, with a volatility of 1.19%.

From the moving average indicators, the 7-day moving average is $2302.43, the 25-day moving average is $2353.70, and the 99-day moving average is $2531.54. The current price is hovering around the 7-day and 25-day moving averages, and previously, the price even dropped to a low of $2111.89, indicating fierce competition between the bulls and bears in the market.

In terms of trading volume, Ethereum's trading volume is 56.42K, and in USD terms, the trading volume is $135.624M, which is approximately 114.427K when converted. Another trading volume figure is 136.836K. From the trading volume bar chart, it can be seen that on June 12, there was a sudden spike in trading volume, likely due to large funds operating behind the scenes. After that, the trading volume gradually stabilized, but overall, there is still a certain level of activity.

Currently, there is significant uncertainty in the Ethereum market. Although there are signs of a price rebound, there is also considerable pressure above, particularly at the position of the 99-day moving average, which is a clear resistance level. Additionally, bearish forces may emerge at any time to suppress prices. Short-term investors need to closely monitor the situation around the closing price of $2397; if it can hold steadily, there might still be room for an increase; if it breaks down, caution is warranted for further price decline. In conclusion, the market changes quickly, and everyone must be cautious when operating, avoiding blind following of trends.