Jun 11, 2025
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Ethereum Tests Key Resistance Zone as Price Exceeds $2,600
Ethereum Price Action Summary
- Ethereum surpassed $2,600, holding above key support levels with renewed bullish momentum.
- Traders monitor for confirmation of a breakout above the $2,800 resistance zone to transition into a bullish phase.
- ETH rebounded over 90% from April’s low of around $1,400, reclaiming significant moving averages and overcoming short-term resistance.
- The $2,800 mark coincides with technical barriers, including the 200-day moving average, which has historically acted as resistance.
- Analyst Big Cheds indicated that flipping $2,750 to support could signal trend reversal and sustained upside potential.
- Macro risks persist as US Treasury yields rise, potentially impacting risk assets like cryptocurrencies.
- ETH is currently testing a resistance zone between $2,690 and $2,735, where previous attempts to break out have failed.
- A confirmed close above $2,735 on a 4-hour chart would indicate breakout confirmation, paving the way toward $2,900–$3,000.
