Ethereum Technical Analysis: Market Outlook on June 4, 2025

Technical analysis of Ethereum on June 4, 2025, exploring resistance, support, and indicators

On June 4, 2025, Ethereum is trading within a range of $2,500 to $2,700, with the market in a consolidation phase. Technical analysis on the daily timeframe indicates the formation of a symmetrical triangle pattern, suggesting an imminent price move, though the direction remains unclear. The price recently tested the $2,600 resistance but failed to break through with significant volume, reflecting trader caution. **Key Resistance and Support Levels** Key resistance levels are currently around $2,700 and $2,855. The $2,700 level is significant due to prior price reactions and candle congestion. A breakout above this level could target $2,855, potentially opening the path to $3,000. On the downside, key support levels are at $2,450, $2,300, and $2,050. The $2,450 level, a short-term support, has been tested multiple times, and a break below it could lead to a correction toward $2,300. **Indicator Analysis** The RSI on the daily timeframe is at 55, indicating neutral conditions with no strong bullish or bearish momentum. The MACD shows signs of weakening bearish momentum, but a definitive bullish crossover has not yet occurred. The 50-day and 200-day moving averages are converging near $2,550, which could act as a pivotal point. If the price remains above this level, the likelihood of an uptrend increases. **Price Pattern Analysis** The symmetrical triangle pattern on the daily chart indicates price compression. A breakout above this pattern could generate a strong bullish signal, while a breakdown might lead to a deeper correction. A doji candle near the $2,700 resistance suggests market indecision. A volume spike during a breakout could confirm the direction of the move. **Market and Fundamental Factors** Increased demand for Ethereum ETFs and reduced supply due to token burning mechanisms are supportive of the price. Additionally, Ethereum network advancements, such as the Pectra protocol upgrades, bolster investor confidence. However, stock market volatility and global economic uncertainties could amplify selling pressure. Ethereum’s dominance in the crypto market, at around 18%, reflects its strong position alongside Bitcoin. **Outlook and Strategy** In the short term, Ethereum is likely to remain in a $2,450 to $2,700 range unless a high-volume breakout occurs. Traders should wait for confirmation of a breakout above $2,700 or consolidation at support levels. For long-term investors, buying at support levels, particularly around $2,300, with proper risk management, could be appealing, as Ethereum has the potential to reach $5,000 by the end of 2025. In conclusion, Ethereum is currently in a consolidation phase, but technical and fundamental signals suggest potential for an upward move if key resistances are overcome.