Ethereum Drops 1.34% to $2,399.43 Amid Key Resistance Levels

Ethereum (ETH) is currently trading at approximately $2,430, showing resilience after a slight correction as June nears its end. Market participants are closely monitoring whether ETH can surpass key resistance levels and retest the $2,600 mark. The cryptocurrency is hovering just above a critical support zone around $2,400. If this level holds, the next resistance sits between $2,500 and $2,550. Recent ETF inflows have bolstered bullish sentiment, with analysts noting a gradual return of institutional confidence.

However, a “death cross” on the 2-week chart, where the 20-day exponential moving average (EMA) falls below the 50-day EMA, has appeared. This pattern is historically associated with steep corrections but also rebound rallies. If the bullish momentum continues, Ethereum could reach short-term upside targets. The base case scenario predicts a price target of $2,500–$2,550 by June 30. A more bullish scenario could see ETH reaching $2,600–$2,650, while an extreme bullish scenario, though less likely by June, could push the price to $2,750 or higher.

Conversely, if ETH breaks below the $2,370–$2,400 support level, the price could retest $2,300 or even dip toward $2,250. Bitcoin dominance is another factor to consider; if Bitcoin soars while altcoins stall, Ethereum might underperform in the short term. Ethereum's price is predicted to rise by 6–8% and may reach $2,600–$2,650 by the end of June 2025, assuming it holds above $2,370 and breaks past immediate resistance. However, Ethereum's price dropped over 20% in June 2025, following a similar pattern to June 2021. Both months started above $2,600 before crashing toward lower levels.

By 2026, the value of Ethereum is expected to reach a high of $6,610, with an average price of $5,713. On the other hand, the Ethereum price might drop to $5,566. As of June 25, 2025, Ethereum's price has dipped below 2400 USDT, currently trading at 2399.43 USDT, reflecting a 1.34% decline over the past 24 hours. Ethereum's recent recovery from local lows has brought it to a crucial resistance level at $2,600, which bulls are closely watching. The overall trend remains bullish as long as support at $2,000 remains intact. Watch out for $2,500; any break above this level targets $2,600/$2,661/$2,715/$2,770/$2,880/$3,000/$3,400 and beyond. A loss of $2,227 would open the door for a much deeper correction, targeting the $1,790 support zone—a critical level that acted as a base during previous market cycles.