Jun 11, 2025
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Ethereum Tests Key Resistance at $2,735 After 14% Surge
Ethereum has surged 14%, testing key resistance levels and positioning bulls in control. Currently, it trades within a range of $2,475 to $2,735, having retested the upper boundary four times. Analysts highlight this as a critical juncture where breaking through $2,735 could signify sustained bullish momentum.
- Ethereum is consolidating between $2,475 and $2,735.
- The price has tested the range high of $2,735 multiple times, acting as both support and resistance.
- Market sentiment is mixed, with some expecting a breakout while others foresee a potential correction.
- Global economic uncertainties are adding volatility to market conditions.
Price Action Details: Key Levels To Clear
Currently priced at $2,690.46, Ethereum's recent movement follows a consolidation phase after a decline. Key moving averages have been breached, with the 200-day SMA at $2,657.01 posing significant resistance. A daily close above $2,750 could lead toward $3,000.
- Short-term resilience noted with rising lows since April.
- If ETH holds above $2,500, the trend remains bullish.
- A rejection at $2,750 may push the price toward $2,250-$2,400 support.
- All focus is on clearing the $2,750 resistance for upward confirmation.
