Is Ethereum Price Correction a Danger Signal? This is what analysts say!

Jakarta, Pintu News – After a significant rise, the price of Ethereum is now entering a correction phase. Is this an opportunity to buy at low prices or a warning of further declines?

Ethereum Market Dynamics

Ethereum (ETH) has recently shown an impressive rise by successfully breaking through the $2,750 zone. However, after peaking at $2,880, Ethereum (ETH) started to experience a correction. This correction might test the support zone at $2,680. This decline comes after Ethereum (ETH) managed to surpass Bitcoin in terms of price gains, which marked an important moment in the market dynamics.

Read More: Algorand Transaction Surge: A Sign of ALGO Price Rise in June 2025?

Increase and Potential Obstacles

After finding support near the $2,550 level, Ethereum (ETH) managed to break through resistance at $2,650 and $2,720. These gains took the price past $2,800, even reaching above $2,850. However, there was a breakdown below an important bullish trend line on the hourly chart of ETH/USD, which could be a warning signal for investors. Nonetheless, Ethereum (ETH) is still trading above $2,750 and the 100-hour simple moving average.

Potential for Further Decline

If Ethereum (ETH) fails to cross the $2,820 resistance, there is a possibility that the price will experience further declines. Initial support lies near $2,755, with the next major support at the $2,680 zone, which is also the 50% Fib retracement of the upward move from $2,483 to $2,880. A break below this support could push prices towards $2,620, and if the decline continues, prices could reach $2,550 in the near term.

Technical Indicators and Expert Analysis

According to Aayush Jindal, a market expert with over 15 years of experience, the hourly MACD indicator for ETH/USD shows a loss of momentum in the bullish zone. Meanwhile, the hourly RSI for ETH/USD is now below the 50 zone, suggesting that there could be more selling pressure to come. However, the key resistance remains at $2,880, and if the price manages to break above $2,920, Ethereum (ETH) could reach $3,000 or even $3,120 in the short term.

Conclusion: Market Alert and Analysis

Although Ethereum (ETH) is showing upside potential, investors should remain wary of a potential further correction. Monitoring technical indicators and overall market movements will be crucial in determining the right investment strategy going forward.

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

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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.

Reference

• NewsBTC. Ethereum Price Sees Correction, $3750 Holds Key For Fresh Increase. Accessed on June 12, 2025
• Featured Image: Generated by AI