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Ethereum at Crossroads: $2.2K or $2.7K Next This Week? (ETH Price Analysis)

2025-06-30 13:42:09

Ethereum at Crossroads: $2.2K or $2.7K Next This Week? (ETH Price Analysis)

Main Idea

Ethereum's price remains stagnant below the $2.5K resistance level, with technical indicators suggesting potential for a breakout or breakdown depending on market demand and supply dynamics.

Key Points

1. Ethereum is trading below the critical $2.5K resistance, facing technical barriers like the 200-day moving average and a previously broken wedge.

2. The price has rebounded from the Fibonacci support band between $2.2K and $2.1K but lacks momentum to break higher resistance.

3. A fair value gap between $2.3K and $2.39K is acting as support, while resistance aligns with the broken wedge’s lower boundary.

4. The Binance Liquidation Heatmap indicates the $2.5K level as a potential trigger for a short squeeze, but active sellers may hinder upward movement.

5. A bearish breakdown could lead to a decline toward the $2K psychological support level.

Description

Ethereum remains dormant below the critical $2.5K resistance, constrained by declining volatility and subdued trading activity. A decisive move in either direction will likely require a fresh injection of demand or supply to break the current equilibrium. Ethereum Price Analysis: Technicals By Shayan The Daily Chart ETH is currently exhibiting muted trading activity and compressed volatility just below a critical resistance zone at $2,500. After rebounding strongly from the 0.5–0.618 Fibonacci s...

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