Ethereum Surges 2.5% to $2,485, Eyes $2,520 Resistance

Generated by AI AgentCoin World
Monday, Jun 30, 2025 11:17 pm ET1min read
ETH
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Ethereum's price has initiated a fresh upward trajectory, surpassing the $2,485 mark. The cryptocurrency is currently consolidating its gains and is poised to target the $2,520 resistance level. Ethereum's price has shown a strong upward movement, breaking through the $2,460 and $2,480 resistance levels, and even briefly surpassing the $2,500 zone. However, the price faced resistance near the $2,520 level, forming a high at $2,522 before consolidating.

Currently,

Ethereum
is trading above $2,460 and the 100-hourly Simple Moving Average. A key bullish trend line is forming with support at $2,450 on the hourly chart of ETH/USD. If Ethereum can maintain stability above the $2,400 zone, it could initiate a fresh increase. On the upside, the price could face resistance near the $2,520 level, with the next key resistance near the $2,550 level. A clear move above the $2,600 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains, with Ether potentially rising toward the $2,750 resistance zone or even $2,800 in the near term.

However, if Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,450 level and the trend line. The first major support sits near the $2,420 zone. A clear move below the $2,420 support might push the price toward the $2,400 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320.

Technical indicators suggest that the MACD for ETH/USD is losing momentum in the bullish zone, while the RSI for ETH/USD is now above the 50 zone. The major support level is at $2,420, while the major resistance level is at $2,520. Overall, Ethereum's price is showing bullish signs, with the potential for further gains if it can clear the $2,520 resistance level. However, a failure to do so could lead to a fresh decline, with support levels at $2,450 and $2,420.