Ethereum (ETH) Threatened by Decline, Will Key Support Hold in June 2025?

Jakarta, Pintu News – Ethereum (ETH) has recently shown signs of weakness after attempting a recovery from a significant price drop. Despite attempts to recover value above $2,500, strong selling pressure still seems to control the market.

Ethereum (ETH) Recovery Delayed

After finding support near $2,440, Ethereum (ETH) tried to bounce back just like Bitcoin (BTC). It managed to break the $2,500 and $2,550 resistances, and even touched above $2,620. However, this recovery attempt stalled at the $2,660 resistance zone, where sellers dominated again.

Sellers managed to hold positions at the 50% Fibonacci retracement level of the price drop from $2,880 to $2,440. Currently, the price of Ethereum (ETH) has dropped back below $2,600 and is trading below the 100-hour simple moving average. There is a bullish trend line forming with support at $2,525 on the hourly chart of ETH/USD.

Also Read: Bitcoin (BTC) Hits a New Low, What’s the Impact on the Market? (6/18/25)

Key Resistance and Support

On the upside, Ethereum (ETH) may face resistance near $2,620. The next key resistance is at $2,640, with major resistance at $2,660. If price manages to break above $2,660, this could push Ethereum (ETH) towards $2,720 resistance. A further increase above this resistance might bring more gains in the coming sessions, with the potential to reach the $2,800 or even $2,880 zone in the short term.

Potential for Further Decline

If Ethereum (ETH) fails to break through the $2,660 resistance, there is a possibility that the price will experience a new decline. Initial support lies near $2,540, with the next major support at the $2,525 zone and the trend line. A break below the $2,525 support could push the price towards the $2,500 support. A further drop would probably take the price to $2,440 support in the near term, with the next key support at $2,350.

Technical Indicators

The hourly Moving Average Convergence Divergence (MACD) indicator for ETH/USD shows increasing momentum in the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for ETH/USD is currently below the 50 zone, signaling greater bearish strength in the market.

Conclusion

With various challenges at hand, Ethereum (ETH) seems to be at a crossroads. Will the key supports be strong enough to withstand the selling pressure or will we witness further declines? Only time will tell.

Also Read: Global Tensions Heat Up, Crypto Takes a Hit: What Really Happened? (6/18/25)

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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 Shows Weakness, Could Retest $2,660. Accessed on June 18, 2025
• Featured Image: CryptoSlate