NewsBTC
5 June 2025
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Ethereum Price Surges Above $2,550, Faces Resistance at $2,665

Ethereum price is experiencing an upward movement, currently facing resistance levels.

  • ETH has risen above $2,550.
  • Current trading is above $2,550 and the 100-hourly Simple Moving Average.
  • A rising channel is forming with support at $2,600.
  • If it drops below $2,600, further losses may occur.

Market Movement Overview

ETH surpassed key resistance levels of $2,520 and $2,550, reaching a high of $2,677 before consolidating. A minor dip occurred below $2,620, breaching the 23.6% Fib retracement level from $2,476 to $2,677.

  • Resistance levels are near $2,640 and $2,665.
  • The first major resistance is at $2,720; surpassing this could lead to gains toward $2,780.
  • An upside break above $2,780 may target $2,880 or $2,920.

Ethereum Price

Potential Decline Risks

If ETH does not break through $2,665, it may decline. Key support is at:

  • $2,600
  • $2,575 (50% Fib retracement)
  • $2,500
  • $2,420
  • $2,350

Technical indicators show that MACD is gaining momentum in the bearish zone and RSI is below 50.

Major Support Level: $2,575

Major Resistance Level: $2,665