NewsBTC
6 June 2025
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Ethereum Price Declines Below $2,500 Amid Bearish Market Trends

Ethereum price is experiencing a decline below $2,550.

  • ETH has dropped below the $2,550 level.
  • The current trading price is above $2,500 and the 100-hourly Simple Moving Average.
  • A break occurred below a rising channel with support at $2,610 on the ETH/USD hourly chart.
  • If ETH trades below the $2,400 support zone, further losses may occur.

Current Price Trends

ETH started declining after failing to surpass $2,650. It fell below key support levels at $2,565 and $2,550.

A low of $2,394 was recorded, with the price currently consolidating losses. It is trading below $2,500 and facing resistance around $2,460, which aligns with the 23.6% Fib retracement level from the recent downward move.

Key resistance levels are identified at:

  • $2,500
  • $2,540 (50% Fib retracement)
  • $2,600 (potential for further gains if surpassed)

Ethereum Price

Potential Further Losses

If Ethereum does not breach the $2,500 resistance, it risks further declines. Initial support is near $2,400, followed by:

  • $2,380 (first major support)
  • $2,350 (if the price falls below $2,380)
  • $2,320 (next key support level)

Technical Indicators:

  • MACD indicates increasing bearish momentum.
  • RSI is below the 50 mark.

Major Support Level: $2,320
Major Resistance Level: $2,500