Ethereum on the Edge! Channel Resistance Test: Break through or get stuck?

Updated

June 13, 2025

Gambar Ethereum on the Edge! Channel Resistance Test: Break through or get stuck?

Jakarta, Pintu News – The price of Ethereum has risen through the US$ 2,820 level, after consolidating in an ascending channel structure for weeks. This moment caught the attention of the crypto market as it could be the trigger for an alt-season wave. However, high volatility is also looming – will ETH breakout to US$3,000 or is it a fakeout? Here’s a neutral and comprehensive analysis of the current ETH price scenario.

Ethereum faces crucial resistance in rising channel

ETH managed to break the top of the ascending channel, breaching the US$2,820 level before being dragged down to the US$2,770-2,800 zone. This shows medium-term bullish strength, but the system has not confirmed the breakout yet. Traders should pay attention to the price movement when it touches the top of the channel as this could be a turning point in the trend.

Volume is key. If the price increase is accompanied by a surge in volume, this could confirm a valid breakout. Conversely, a rebound below the US$2,800 level could trigger selling pressure and return ETH to its previous range.

The role of moving averages and technical support

ETH is now trading above all major Simple Moving Averages (SMAs): 50-, 100-, and 200-day which stand at US$2,333, US$2,085, and US$2,654 respectively. This increase shows the medium-term momentum is still on the bullish side. A break back from above the 200-SMA is an important signal that the uptrend is still intact.

However, if the price does not manage to hold, the support zone in the range of US$ 2,600-2,650 (IDR 42,162-42,559 million) is ready to be tested again. RSI and MACD also need to be monitored as indicators of potential reversals and whether momentum is starting to weaken.

Potential breakout to US$3,000 and “fakeout” risk

Currently, the next psychological level is US$3,000. Many analysts predict that a close above US$ 2,800 on large volume could trigger a rally towards US$ 3,000 and support the altseason. However, a failed breakout could trigger the current correction towards US$ 2,600-2,700.

Being prepared for a “fakeout” is important: the initial movement clips the price while the trend is not yet valid. Therefore, moves to channel highs should be monitored in real time with the help of volume data, market sentiment, and macroeconomic news.

External factors that can affect prices

Global sentiment such as trade negotiations between the US and China or changes in US interest rates affect the liquidity and direction of risk assets, including ETH. Macro tensions and monetary policy tightening can increase short-term volatility and lead to failed breakouts.

In addition, institutional interest through products such as Ethereum futures and ETFs may strengthen the uptrend if institutions continue to accumulate ETH. However, large capital flows also risk creating a sharp correction if sentiment reverses.

Conclusion

Ethereum is currently at an important crossroads between a continuation of the bullish trend or a correction back. A breakout and close above US$2,820-2,850 with strong volume support would be a major signal of a valid breakout. Conversely, if it fails to hold above these levels, ETH could be back in a consolidation phase. Investors should monitor technical indicators and global sentiment closely before making a decision.

Also Read: Crypto Market Optimism: Can Optimism (OP) Break $0.72?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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