Ethereum Faces Turbulence: Will the $2,500 Mark Hold?

Ethereum’s price is currently hovering near $2,507, a significant drop from the recent highs of around $2,870. This sudden dip has left traders and investors questioning the future trajectory of ETH, especially after it failed to maintain its stance above the crucial $2,740–$2,760 resistance zone.

Understanding the Price Movement

The sharp correction in Ethereum’s price can largely be attributed to its failure to break through the upper resistance levels, as highlighted in both daily and 4-hour trading charts. Following a promising rally into the $2,850 range, Ethereum hit a wall at the 0.618 Fibonacci retracement level, pegged at $2,846. This area has historically been a tough nut to crack and coincided with the upper Bollinger Band on the 4-hour timeframe, acting as a formidable barrier.

The Battle at the $2,500 Demand Zone

Now, all eyes are on Ethereum’s ability to stabilize above the $2,490–$2,500 demand zone. This level is crucial, acting as a potential springboard for recovery or, conversely, the gateway to further declines. Currently, the market is testing the strength of this support, and traders are watching closely.

Technical Indicators Signal Oversold Conditions

On shorter timeframes, Ethereum’s price action reveals signs of exhaustion. The 30-minute Relative Strength Index (RSI) has plunged to 29.48, indicating that the asset has entered oversold territory. Meanwhile, the Moving Average Convergence Divergence (MACD) remains bearish, suggesting that selling pressure could persist unless a significant buying interest emerges.

Whether Ethereum can hold its ground or succumb to additional bearish pressure remains a hot topic among analysts. As we approach June 14, 2025, the crypto community is keenly observing these price dynamics, hoping for a clearer direction.

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