NewsBTC

9 June 2025

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Ethereum Consolidates Above $2,400 Amid Market Volatility

Ethereum (ETH) is currently trading between $2,400 and $2,500, maintaining key support despite recent market pullbacks. Analysts suggest a potential recovery could occur if current conditions persist, although some traders warn of possible further declines if resistance near $2,800 isn't breached.

• ETH remains 48% below its all-time high.
• Rising ETF inflows and increasing network activity may indicate renewed demand.
• Key levels to watch: $2,800 for bullish movement toward $3,000 and potential rise to $4,000 by Q3 2025.
• The price is consolidating within a range of $2,430 to $2,660, with critical support from the 34-day EMA and 50-day SMA.
• A close above $2,659 could signal bullish continuation, while a drop below $2,430 might lead to a larger retracement toward $2,200.

Ethereum's performance reflects a cautious market awaiting a catalyst, with the next significant movement likely influencing trends into late June.