Ethereum (ETH) Price Prediction for 2nd June: Will $2,500 Hold as Sellers Test Support?
After failing to hold the $2,600 handle earlier this week, Ethereum price today has slipped toward $2,505, reflecting a sustained downtrend from May highs. The recent breakdown from a rising wedge structure and repeated rejections below key resistance zones suggest that bearish momentum continues to weigh on the short-term outlook. ETH is now testing a critical confluence support near $2,500, with a deeper slide on the cards if bulls fail to defend this floor.
What’s Happening With Ethereum’s Price?
On the 4-hour chart, Ethereum price action shows a clear shift in sentiment after the local top above $2,768. Price is now consistently closing below the 20/50 EMA cluster between $2,527 and $2,577, while the Bollinger Bands have started widening after a period of consolidation — a technical signal that often precedes elevated Ethereum price volatility. ETH is also trading near the lower Bollinger Band ($2,445), adding further pressure to the $2,500 threshold.
From a structure standpoint, the loss of the $2,532–$2,545 zone, which had previously acted as short-term support, ope…
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Ethereum (ETH) Price Prediction for June 07, 2025: Can Bulls Defend the $2,400 Support Zone?
Ethereum (ETH) Price Prediction for 2nd June: Will $2,500 Hold as Sellers Test Support?
After failing to hold the $2,600 handle earlier this week, Ethereum price today has slipped toward $2,505, reflecting a sustained downtrend from May highs. The recent breakdown from a rising wedge structure and repeated rejections below key resistance zones suggest that bearish momentum continues to weigh on the short-term outlook. ETH is now testing a critical confluence support near $2,500, with a deeper slide on the cards if bulls fail to defend this floor.
What’s Happening With Ethereum’s Price?
On the 4-hour chart, Ethereum price action shows a clear shift in sentiment after the local top above $2,768. Price is now consistently closing below the 20/50 EMA cluster between $2,527 and $2,577, while the Bollinger Bands have started widening after a period of consolidation — a technical signal that often precedes elevated Ethereum price volatility. ETH is also trading near the lower Bollinger Band ($2,445), adding further pressure to the $2,500 threshold.
From a structure standpoint, the loss of the $2,532–$2,545 zone, which had previously acted as short-term support, ope…
The post Ethereum (ETH) Price Prediction for 2nd June: Will $2,500 Hold as Sellers Test Support? appeared first on Coin Edition.
Читать больше