Ethereum Technical Analysis: Price Trend Forecast for June 8, 2025

Technical analysis of Ethereum on June 8, 2025, exploring resistance, support, and indicators.

As of June 8, 2025, Ethereum is trading around $4,750, with a 1.2% increase over the past 24 hours. Technical analysis suggests a continuation of the short-term bullish trend, likely driven by rising demand and positive momentum. This analysis explores Ethereum’s resistance and support levels, key indicators, and potential price trends. **Resistance and Support Zones** Ethereum is currently trading near a key resistance zone between $4,800 and $5,000. This level has historically acted as a strong barrier due to significant sell orders. A breakout above this resistance could push prices toward $5,200 or even the all-time high of $5,480. On the downside, key support levels are at $4,350, $4,100, and $3,850. The $4,350 level is a critical near-term support, and holding above it signals strength in the bullish trend. A break below this support could lead to a correction toward $4,100. **Indicator Analysis** The Relative Strength Index (RSI) on the daily timeframe is at 68, indicating bullish momentum but approaching overbought territory, which could signal a potential correction. The MACD indicator on the daily chart shows a bullish crossover, suggesting continued buying strength. On the weekly timeframe, Ethereum is trading above both the 50-day and 200-day EMAs, confirming the long-term bullish trend. **Price Pattern Analysis** In the 4-hour timeframe, Ethereum is forming an ascending triangle pattern, typically considered a bullish continuation pattern. The price is nearing the upper trendline of this triangle, and a valid breakout could trigger a strong bullish move. Failure to break the $4,800 resistance may result in a pullback toward the $4,350 support. Trading volume is increasing, indicating growing buyer interest at these price levels. **Conclusion and Outlook** Based on current market conditions, Ethereum is likely to continue its short-term bullish trend, potentially testing the $4,800 to $5,000 resistance zone. However, traders should monitor the RSI’s proximity to overbought levels, as it may lead to a short-term correction. Holding the $4,350 support is crucial for sustaining the bullish trend. In the long term, fundamentals such as Ethereum network upgrades and growing DeFi and NFT adoption continue to support a bullish outlook. **Key Considerations for Traders** Short-term traders may consider entering long positions on a breakout above $4,800, with stop-losses placed below the $4,350 support. For long-term investors, maintaining key support levels signals a continuation of the bullish trend. Monitoring trading volume and price reactions at key levels is essential at this stage.