Ethereum (ETH) Price Prediction for June 07, 2025: Can Bulls Defend the $2,400 Support Zone?
The recent selloff in the broader crypto market has left Ethereum struggling to hold above its key support zones, with bulls attempting to stabilize after a sharp pullback. The asset’s trajectory remains under pressure as technical indicators show a mix of short-term relief and broader weakness.
Ethereum price today is hovering near $2,450, down over 3% on the weekly chart, and showing limited recovery after a volatile breakdown. The ongoing tug-of-war between buyers and sellers has brought heightened uncertainty and sparked renewed interest in why Ethereum price going down today despite a strong start to the quarter.
What’s Happening With Ethereum’s Price?
Ethereum saw a significant rejection near the $2,745 level earlier this week, which corresponds with the 0.5 Fibonacci retracement of the broader move from the $1,385 low to the $4,105 peak. The failure to break through this midpoint resulted in a cascading drop, bringing price action back into the $2,420–$2,450 demand zone. This region coincides with the 0.382 Fibonacci level on the weekly chart and is acting as the imm…
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Ethereum ($ETH) Price Prediction for June 12 2025: Can ETH Break Past $2,835 and Confirm New Upside?
Ethereum (ETH) Price Prediction for June 07, 2025: Can Bulls Defend the $2,400 Support Zone?
The recent selloff in the broader crypto market has left Ethereum struggling to hold above its key support zones, with bulls attempting to stabilize after a sharp pullback. The asset’s trajectory remains under pressure as technical indicators show a mix of short-term relief and broader weakness.
Ethereum price today is hovering near $2,450, down over 3% on the weekly chart, and showing limited recovery after a volatile breakdown. The ongoing tug-of-war between buyers and sellers has brought heightened uncertainty and sparked renewed interest in why Ethereum price going down today despite a strong start to the quarter.
What’s Happening With Ethereum’s Price?
Ethereum saw a significant rejection near the $2,745 level earlier this week, which corresponds with the 0.5 Fibonacci retracement of the broader move from the $1,385 low to the $4,105 peak. The failure to break through this midpoint resulted in a cascading drop, bringing price action back into the $2,420–$2,450 demand zone. This region coincides with the 0.382 Fibonacci level on the weekly chart and is acting as the imm…
The post Ethereum (ETH) Price Prediction for June 07, 2025: Can Bulls Defend the $2,400 Support Zone? appeared first on Coin Edition.
Читать больше