Ethereum Bulls Eye Breakout as Price Lingers in Crucial Range – Will June 2025 Be the Month?

Ethereum's price action has traders on edge—stuck in a tightening range that screams 'volatility incoming.' The smart money's watching for that decisive candle to signal the next big move.

Key levels to watch

Bulls need a weekly close above $3,800 to confirm momentum. Bears are lurking below $3,400, ready to pounce on weakness. The compression won't last forever—when it breaks, expect fireworks.

Market psychology at play

Retail's getting antsy while institutions accumulate. Classic Wyckoff redistribution or springboard to new highs? The chart doesn't lie (though some hedge fund managers might).

Make or break moment

ETH's flirting with its 200-day MA like a crypto influencer at a VC mixer—one false move and it's goodbye liquidity. Breakout or breakdown, one thing's certain: the leverage longs and shorts are about to get rekt.

Ethereum Price Eyes Upside Break

Ethereum price started a fresh decline below the $2,600 support level, like Bitcoin. ETH price declined below the $2,550 and $2,540 levels.

The bears even pushed the price below the $2,500 level. The pair tested the $2,450 zone and started a consolidation phase. There was a minor MOVE above the $2,520 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,680 swing high to the $2,456 low.

Ethereum price is now trading below $2,540 and the 100-hourly Simple Moving Average. Besides, there is a rising channel forming with support at $2,490 on the hourly chart of ETH/USD.

On the upside, the price could face resistance NEAR the $2,540 level. The next key resistance is near the $2,565 level. It is close to the 50% Fib retracement level of the downward move from the $2,680 swing high to the $2,456 low. The first major resistance is near the $2,620 level.

A clear move above the $2,620 resistance might send the price toward the $2,660 resistance. An upside break above the $2,660 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term.

More Losses In ETH?

If ethereum fails to clear the $2,565 resistance, it could start a fresh decline. Initial support on the downside is near the $2,490 level. The first major support sits near the $2,455 zone.

A clear move below the $2,455 support might push the price toward the $2,360 support. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,455

Major Resistance Level – $2,565