Ethereum market trend analysis 20250624

The hourly trend still moves in sync with Bitcoin, showing a fluctuating upward trend during the day. After a quick drop at the opening of the US stock market, it rapidly rebounded and continued to rise.

The daily chart shows a long bullish candle with short upper and lower shadows, and the trading volume is slightly lower than the previous day. This trading volume does not match well with the bullish candle.

The daily MA30 line has turned flat due to the large bullish candle, but the price is still below the MA30 line, indicating that it is merely a rebound and not a reversal. Only if the price stands above and stabilizes on the MA30 line can it be considered a market reversal.

The lower edge of the next red box (2450) and the daily MA30 line (2550) will still be important resistance levels in the near term. After this rebound, I believe there will still be a decline for adjustment, so remember to take profits on long positions in a timely manner.

Daily level resistance at 2450-2560-2690, support at 2120-2000-1860