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Investors Eye Key Support Levels

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
June 7, 2025
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Ethereum Price Losses Steady: Is a Rebound Brewing?
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Ethereum worth began a contemporary decline beneath the $2,550 zone. ETH is now displaying a couple of bearish indicators beneath the $2,500 pivot stage.

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  • Ethereum began a contemporary decline beneath the $2,550 stage.
  • The worth is buying and selling above $2,500 and the 100-hourly Easy Transferring Common.
  • There was a break beneath a key rising channel with assist at $2,610 on the hourly chart of ETH/USD (information feed through Kraken).
  • The pair might lengthen losses if it trades beneath the $2,400 assist zone within the close to time period.

Ethereum Value Consolidates Losses

Ethereum worth began a contemporary decline after it didn’t surpass $2,650, like Bitcoin. ETH worth declined beneath the $2,565 and $2,550 assist ranges.

Moreover, there was a break beneath a key rising channel with assist at $2,610 on the hourly chart of ETH/USD. The pair even dipped beneath the $2,500 assist stage. A low was fashioned at $2,394 and the worth is now consolidating losses.

Ethereum worth is now buying and selling beneath $2,500 and the 100-hourly Easy Transferring Common. On the upside, the worth might face resistance close to the $2,460 stage. It’s near the 23.6% Fib retracement stage of the downward transfer from the $2,680 swing excessive to the $2,394 low.

The following key resistance is close to the $2,500 stage. The primary main resistance is close to the $2,540 stage. It’s near the 50% Fib retracement stage of the downward transfer from the $2,680 swing excessive to the $2,394 low. A transparent transfer above the $2,540 resistance may ship the worth towards the $2,600 resistance.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,600 resistance may name for extra good points within the coming classes. Within the said case, Ether might rise towards the $2,650 resistance zone and even $2,720 within the close to time period.

Extra Losses In ETH?

If Ethereum fails to clear the $2,500 resistance, it might begin a contemporary decline. Preliminary assist on the draw back is close to the $2,400 stage. The primary main assist sits close to the $2,380 zone.

A transparent transfer beneath the $2,380 assist may push the worth towards the $2,350 assist. Any extra losses may ship the worth towards the $2,320 assist stage within the close to time period. The following key assist sits at $2,250.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 zone.

Main Assist Degree – $2,320

Main Resistance Degree – $2,500



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