Crypto:
35286
Bitcoin:
$119.777
% 0.65
BTC Dominance:
%63.7
% 0.08
Market Cap:
$3.75 T
% 1.33
Fear & Greed:
74 / 100
Bitcoin:
$ 119.777
BTC Dominance:
% 63.7
Market Cap:
$3.75 T

Silent Pressure on Ethereum What Lies Below The Support Zone?

ethereum june analysis

Not every major move in crypto is loud and sudden. Sometimes, a slow and quiet pullback is all it takes to signal a bigger shift ahead. That’s exactly what we’re witnessing now with Ethereum.

On the 4-hour chart, the price was rejected from the resistance area between $2,697 and $2,633. Following this rejection, ETH pulled back to the imbalance zone between $2,493 and $2,459. While a minor bounce occurred from this range, the overall move remains weak and indecisive.

Losing Support Could Open The Door To $2,373

At present, the key level to watch is the $2,459 support. If this zone is breached, the likelihood of a drop toward $2,373 increases significantly. In low-volume environments, such as during weekends, sharp movements become more likely, especially if triggered by unexpected sell orders.


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On the flip side, if Ethereum can manage a close above $2,550, bulls may find the strength to target the upper resistance band again, specifically the $2,633 – $2,697 range.

Ethereum, ETH
ETH/USDT pair 4-hour chart.

Indecision Dominates The Market

So far, the bounce from the imbalance zone lacks strong momentum. Both bulls and bears appear cautious, waiting for confirmation. Over the coming sessions, where ETH closes will be crucial in determining short-term direction. During such uncertain phases, using clear stop-loss levels and level-based strategies becomes critical.

Investors should closely monitor $2,459 and $2,550 as the most decisive price levels in the immediate term.


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