Ethereum (ETH) Price Prediction for 5th June 2025: Will ETH Break Out Above $2,660 or Face Another Pullback?

The Ethereum price today is holding firm near $2,640, continuing its battle against a significant supply wall between $2,660 and $2,745. This level has acted as a historical rejection zone, and despite multiple breakout attempts, buyers are still struggling to close convincingly above it. On June 4, ETH managed a mild intraday gain of around 1.5%, signaling continued interest, but momentum indicators suggest a cautious tone ahead of June 5.

From a broader perspective, the weekly candle remains constructive, with Ethereum price action holding well above the 38.2% Fibonacci retracement level of $2,424. However, ETH has yet to reclaim the 50% retracement near $2,745, which would confirm a full mid-term recovery. Until then, the market remains technically biased toward consolidation beneath this zone.

What’s Happening With Ethereum’s Price?

Looking at the daily and 4-hour charts, Ethereum price volatility has compressed inside a symmetrical triangle, with price oscillating between $2,590 and $2,660. This narrowing range is flanked by rising support from early May and a desc…

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