Ethereum at Key Resistance: Breakout or Correction?

Ethereum on June 11, 2025, at $2,852, tests the $2,700 resistance. Will the uptrend continue?

Ethereum remains a cornerstone of the crypto market on June 11, 2025. Its current price stands at approximately $2,852.58, up 1.56% in the past 24 hours. Ethereum has recently broken through the key $2,700 resistance and appears to be consolidating in this range. Technical analysis points to bullish patterns, such as a bullish pennant on the daily timeframe, signaling potential for continued upward momentum. However, the $2,700–$2,750 resistance zone poses a significant challenge. If the price is rejected here, a correction toward the $2,500–$2,600 support levels is possible. These support zones are critical due to historical data and liquidity accumulation. Conversely, a confirmed breakout above $2,750 could propel Ethereum toward higher targets like $3,320 or even $4,000. From a macro perspective, several factors are driving Ethereum’s price. Developments like Vitalik Buterin’s scaling plans, the Ethereum Foundation’s fiscal policies, and growing institutional interest (e.g., SharpLink Gaming’s $500 million investment in ETH) support the bullish outlook. However, bearish divergences on higher timeframes, such as weekly charts, raise the possibility of a deeper correction. Options market data also reflects bullish sentiment, with the Put/Call ratio dropping to 0.43, indicating strong demand for call options and optimism for near-term price growth. Still, traders must remain cautious due to the crypto market’s inherent volatility and prioritize risk management. Traders are advised to consider multiple strategies. Some suggest entering long positions if the price retraces to support zones, while others recommend waiting for a confirmed breakout above $2,750. Stop-loss orders are essential to mitigate risk in this volatile market. Overall, Ethereum remains in a long-term bullish cycle, but traders should closely monitor technical levels and macroeconomic developments. Will Ethereum reach new highs in 2025? Its ability to overcome key resistances and hold critical supports will determine the answer.