Ethereum Price Eyes Recovery—Key Levels to Watch for a Sustained Upside Move

Ethereum (ETH) is showing early signs of a potential recovery after a recent dip below the $2,500 mark, sparking optimism among traders and investors. The second-largest cryptocurrency by market cap tested a critical support level at $2,440 before rebounding above its 100-hour moving average, indicating renewed buying interest. Technical analysis suggests that ETH could be gearing up for a fresh upward trajectory, provided it can decisively break through the $2,620 resistance level. A successful breach of this barrier could pave the way for further gains, potentially reigniting bullish momentum in the market. As of June 17, 2025, market participants are closely monitoring these key levels to gauge whether Ethereum can sustain its recovery and embark on a new uptrend. The formation of a triangle pattern on the charts adds another layer of intrigue, as such patterns often precede significant price movements. Traders are advised to keep a close eye on these developments, as Ethereum''s ability to hold above its recent lows and challenge resistance levels will be crucial in determining its near-term price direction.

Ethereum Price Eyes Recovery—Can ETH Kick Off a Fresh Upside Move?

Ethereum''s price shows tentative signs of recovery after dipping below $2,500, with traders eyeing key resistance levels for confirmation of a sustained upward trajectory. The second-largest cryptocurrency by market cap tested support at $2,440 before rebounding above its 100-hour moving average.

Technical indicators suggest potential for further gains if ETH can decisively break the $2,620 resistance level. A triangle breakout on hourly charts and recovery past the 23.6% Fibonacci retracement level from recent lows signal growing bullish momentum. Market participants now watch for a clean break above $2,660, which WOULD represent a 50% retracement of the recent downward move from $2,880.

Ethereum Nears Golden Cross as Bulls Target $3,000 Breakout

Ethereum''s market structure is flashing a bullish signal as its 50-day moving average approaches a golden cross above the 200-day moving average. The pattern, typically a precursor to extended rallies, could materialize within days barring a sharp price reversal.

ETH currently trades around $2,521, demonstrating resilience within an ascending channel. The 100-day exponential moving average at $2,450-$2,500 has emerged as critical support, with sustained defense of this zone reinforcing accumulation opportunities.

Traders await confirmation through three technical milestones: increasing volume on up days, relative strength index breaking above 50, and consistent closes beyond $2,600. These developments would open a path toward testing the psychologically important $3,000 level.

The potential golden cross adds fundamental weight to Ethereum''s technical setup, reflecting growing institutional confidence. While no indicator guarantees performance, the pattern historically correlates with sustained uptrends across asset classes.

Ethereum Faces Crucial Test at $2,600 as Whales Accumulate

Ethereum''s price retreat to $2,400 may precede a bullish reversal, with whale accumulation and ETF inflows signaling institutional confidence. Analysts view the pullback as a liquidity-gathering phase before the next leg up.

Market watchers note Ethereum''s struggle to break the $2,600 resistance, with Michaël van de Poppe identifying $2,400 as a critical support level. The current consolidation follows failed breakout attempts, creating what technical analysts call a ''springboard'' formation.

Santiment data reveals surging whale activity, with large holders increasing their positions during the dip. This accumulation pattern historically precedes major rallies, mirroring behavior seen before Ethereum''s 2021 bull run.

Spot ethereum ETFs recorded $528 million in fresh inflows last week, pushing total assets under management past $10 billion. The institutional products continue gaining traction despite recent price volatility.

SharpLink Plunges 69% After $425M Filing, Still Becomes Largest Public Ethereum Holder

SharpLink''s stock plummeted 69% following a $425 million share registration filing, despite the company emerging as the largest public holder of Ethereum. The gaming firm has pivoted to an Ethereum treasury strategy, amassing 176,270.69 ETH worth approximately $462.9 million. Shares have lost nearly 90% of their value since peaking in late May after a 1,747% surge over four days.

The filing with the SEC covers 69.1 million shares from a private investment led by Consensys Software Inc., co-founded by Ethereum''s Joe Lubin. Lubin defended the MOVE on social media, calling it standard post-PIPE procedure in traditional finance. The registration enables new shareholders to sell at will but doesn''t necessarily indicate imminent sales.

SharpLink''s Ethereum accumulation mirrors corporate Bitcoin strategies, signaling growing institutional adoption of crypto assets. The dramatic volatility highlights both the risks and potential rewards of public companies embracing cryptocurrency treasuries.