NewsBTC
Jun 26, 2025
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Ethereum Price Surges Above $2,350 With Potential for Further Gains

Ethereum price is experiencing an upward trend, currently above $2,350, with potential to rise further.

  • ETH started moving up past the $2,320 level.
  • Trading occurs above $2,350 and the 100-hourly Simple Moving Average.
  • A bullish trend line forms support at $2,440 on the ETH/USD hourly chart.
  • Potential for further increases if it settles above $2,550 resistance.

Market Overview

Ethereum's price rose above the $2,250 support, clearing both $2,320 and $2,350 resistance levels.

  • Price surpassed the 61.8% Fib retracement level from the recent high of $2,568 to a low of $2,115.
  • Current hurdles exist near the $2,500 zone.
  • Trading now above $2,450, facing resistance near $2,480 and $2,500.

Ethereum Price

Key resistance levels are:

  • $2,550: A move above could target $2,600 and possibly $2,720 or $2,800.

Potential Declines

If ETH fails to clear $2,550, a decline may occur.

  • Initial support around $2,440 and trend line.
  • Major support near $2,390; a drop below could lead to $2,310 and further to $2,220.

Technical indicators show a bullish MACD momentum and RSI above 50.

Major Support Level: $2,310

Major Resistance Level: $2,550