🚀 Ethereum Coils Tight — Will Bulls Unleash the Breakout So
koinmilyoner
Updated at: 7 hours ago
{"content":"🚀 Ethereum Coils Tight — Will Bulls Unleash the Breakout Soon?
Ethereum fell below $2,600 again. ETH is stabilizing losses and may try to break $2,550.
Ethereum fell again below $2,580.
The price is below $2,550 and the 100-hour SMA.
The hourly ETH/USD chart shows a rising channel with support around $2,490.
If it breaks $2,620 barrier, the pair may rise again.
Ethereum Price May Rise
Ether fell below $2,600 again, like Bitcoin. ETH fell below $2,550 and $2,540.
Bears drove the price below $2,500. After testing $2,450, the pair began consolidating. A little advance over $2,520 occurred. Price rose beyond the 23.6% Fib retracement level of the $2,680 swing high to $2,456 low decline.
Ethereum has fallen below $2,540 and the 100-hour SMA. The hourly ETH/USD chart shows a rising channel with support around $2,490.
Price may find resistance at $2,540 on the upside. Near $2,565 is the next major resistance. It is around the 50% Fib retracement of the $2,680 swing high to $2,456 low decline. Near $2,620 is the first substantial resistance.
A clean break over $2,620 might push the price above $2,660. Above $2,660 barrier might lead to greater advances in the following sessions. Ether may soar to $2,720 or $2,800 in the short future.
More ETH losses?
Ethereum may fall again if it fails to break $2,565 barrier. Around $2,490 is first downward support. Near $2,455 is the first big support.
A decisive break below $2,455 might bring the price below $2,360. If losses continue, the price may reach $2,320 support. Next important support is $2,250.
Tech Indicators
ETH/USD hourly MACD is losing momentum in the negative zone.
Hourly ETH/USD RSI is over 50.
Major Support—$2,455
Major Resistance: $2,565
#ETH #PowellRemarks #IsraelIranConflict #FOMCMeeting $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/20/593b83fbfd504411bd6d6231951235fc.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}