Ethereum Technical Analysis in 16 june: Will the Price Rally Continue?

Ethereum technical analysis on June 16, 2025: Exploring resistance, support zones, and indicators to forecast market trends.

As of June 16, 2025, Ethereum is trading around $2,547, consolidating within a price range that demands thorough technical analysis. This analysis focuses on resistance and support zones, technical indicators, and the overall market trend. **Resistance and Support Zones** On the daily timeframe, Ethereum faces key resistance between $2,740 and $2,850. This zone has rejected the price multiple times, with candles showing long upper wicks indicating selling pressure. A breakout above this resistance could target $3,320 and potentially $4,000 in the long term. On the downside, primary support lies at $2,490, which recently triggered a price bounce. A break below this support could lead to a decline toward $2,350 or even $2,100. **Technical Indicators** The RSI on the daily chart is around 52, reflecting neutral conditions. It’s neither overbought nor oversold, suggesting no strong trend reversal signal yet. The MACD recently showed a weak bullish crossover, which could indicate short-term upward momentum. The 50-day moving average (MA50) at approximately $2,500 acts as dynamic support, while the 200-day moving average (MA200) at $2,300 confirms a long-term bullish trend. **Price Pattern Analysis** On the 4-hour chart, Ethereum has formed a symmetrical triangle, typically a continuation pattern. The recent breakout above the upper trendline suggests a potential move toward $2,850. However, the breakout lacked significant volume, which may signal weakness. Increased volume could validate this breakout. **Market Trend Outlook** Based on current data, Ethereum is likely to experience a mild bullish trend in the short term, but the $2,850 resistance is a critical barrier. Traders should monitor price reactions at this level and trading volume. Holding the $2,490 support could lead to retesting higher resistance, but a break below this support may trigger a notable price drop. **Conclusion** Ethereum is currently in a consolidation phase, and traders must closely watch key levels. Leveraging indicators and price patterns can aid in identifying optimal entry and exit points. Risk management and attention to volume shifts are crucial in this volatile market.