Ethereum Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of Ethereum on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of Ethereum on June 10, 2025, indicates a market with significant volatility potential. Currently, Ethereum is trading around $2,775, reflecting a 0.79% increase from the previous day. However, signs of a short-term correction are emerging, prompting traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for Ethereum lies between $2,700 and $2,720. This level has recently acted as a strong barrier, repeatedly halting upward momentum. A breakout above this zone could drive Ethereum toward $3,300. On the downside, the primary support zone is between $2,450 and $2,500, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $2,250. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 65, indicating conditions close to overbought territory. This suggests a potential short-term price correction. The 50-day moving average (MA50) is around $2,550, while the 200-day moving average (MA200) is near $2,300. The price is currently above both moving averages, supporting a mid-term bullish outlook. The MACD indicator shows a weak buy signal, but its lines are converging, which could soon produce a sell signal. **Price Pattern Analysis** On the 4-hour timeframe, Ethereum is forming an ascending triangle pattern, typically a sign of trend continuation. However, a breakout above the $2,720 resistance is necessary to confirm this pattern. Without it, a corrective move toward the $2,450 support zone is possible. Additionally, trading volume has recently declined, indicating a potential slowdown in bullish momentum. **Market Outlook and Recommendations** Based on current data, Ethereum may experience a short-term correction toward $2,450, which could present a buying opportunity at lower levels. Traders should closely monitor the $2,720 resistance, as a breakout could trigger a strong bullish rally. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, Ethereum retains bullish potential, with the possibility of reaching higher levels like $4,100, supported by market structure, indicators, and fundamental factors such as growing blockchain adoption and DeFi projects.