Ethereum Technical Analysis: Market Trends on June 15, 2025

Technical analysis of Ethereum on June 15, 2025, focusing on resistance, support, and key indicators.

On June 15, 2025, Ethereum is experiencing a short-term bullish trend, reflecting strong buyer momentum in the market. The current price stands at approximately $2,764, up 0.43% over the past 24 hours. This technical analysis examines key resistance and support zones, critical indicators, and potential market trends. **Resistance and Support Zones** Ethereum’s primary resistance zone lies between $3,000 and $3,320. This range has previously halted upward moves, acting as a strong barrier. A breakout above this level could lead to a push toward $4,000. Conversely, key support is found between $2,500 and $2,600. This zone has historically served as a price floor, likely attracting buyers if a correction occurs. **Technical Indicators** The Relative Strength Index (RSI) is at 58, indicating a mildly bullish signal. This level suggests the market is not yet overbought, leaving room for further upside. The 50-day moving average (MA50) is around $2,700, and the current price is above this level, reflecting short-term buyer dominance. The 200-day moving average (MA200) at approximately $2,400 serves as a long-term support. **Price Pattern Analysis** On the daily timeframe, Ethereum has formed a bullish pennant pattern, often considered a continuation pattern for an uptrend. This pattern emerged after breaking the $2,740 resistance and suggests potential for further upward movement. On the weekly timeframe, Ethereum remains within a long-term ascending channel established since 2020, reinforcing the overall bullish trend, though short-term corrections are possible. **Potential Scenarios** In the short term, Ethereum is likely to target the $3,000 resistance level. A breakout above this could aim for $3,320, with an optimistic target of $4,000. However, a drop below $2,600 could trigger a correction toward the $2,500 support. Traders should monitor trading volume and price reactions at these levels. **Conclusion** Based on current data, Ethereum exhibits a short-term bullish trend with potential to test key resistance levels. Strong support zones below provide a buffer against sharp declines. Traders should prioritize risk management and wait for confirmation signals at critical levels. Institutional activity, such as large Ethereum purchases by investment firms, may further bolster the bullish trend.