Ethereum Price Rise Potential: Will the Big Rally Happen in June 2025?

Jakarta, Pintu News – Ethereum (ETH) recently found support at $2,350 and started a fresh rise. Currently, Ethereum (ETH) is in an uptrend and may try to break the $2,580 resistance zone.

Introduction: Ethereum Price Rise

After experiencing a downward correction below the $2,500 level, Ethereum (ETH) moved below the $2,480 and $2,460 support levels. However, buyers were active in the $2,450 zone, showing signs of recovery. From the low at $2,445, the price started increasing again, crossing the $2,480 and $2,500 levels. Now, Ethereum (ETH) is trading above $2,520 and the 100-hour simple moving average.

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Advanced Increase Above Average

Ethereum (ETH) managed to cross the 50% Fibonacci retracement level of the downward wave from the $2,588 high to the $2,445 low. There is also a bullish trend line formed with support at $2,500 on the hourly chart of ETH/USD. On the upside, Ethereum (ETH) may face resistance near the $2,555 level, which is adjacent to the 76.4% Fibonacci retracement level of the same wave of decline. The next key resistance lies near $2,585, with the first major resistance at $2,620. If it manages to cross the $2,620 resistance, the price could head to $2,650.

Potential Barriers and Support

If Ethereum (ETH) fails to break the $2,620 resistance, there is a possibility of a new decline. Initial support is located near the $2,500 level and the trend line. The first major support is in the $2,450 zone. If the price moves below the $2,450 support, it could push the price towards the $2,420 support. A further drop could send the price to the $2,320 support level in the near term.

Technical Indicators and Conclusion

The hourly MACD indicator for ETH/USD shows increasing momentum in the bullish zone. Meanwhile, the hourly RSI (Relative Strength Index) for ETH/USD is now above the 50 zone, signaling strength on the buyers’ side. With this technical support, Ethereum (ETH) has the potential to continue its rise, with short-term targets at $2,720 or even $2,800.

Ethereum Outlook

With strong support and favorable indicators, Ethereum (ETH) is in a good position to continue its upward trend. Investors and traders should keep an eye on key resistance and support levels to make informed trading decisions.

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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.

Reference

• NewsBTC. Ethereum Price Maintains Support at $2450. Accessed on May 21, 2025
• Featured Image: Generated by AI