Ethereum Price Eyes Recovery—Can ETH Kick Off a Fresh Upside Move?

Jun 16, 2025 04:00 am Cryptocurrency 115

Ethereum price started a fresh decline and tested the $2,450 zone. ETH is now correcting losses and might aim for a move above the $2,620 resistance.

Ethereum started a fresh decline below the $2,750 level.

The price is trading near $2,575 and the 100-hourly Simple Moving Average.

There was a break above a contracting triangle with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it clears the $2,620 zone in the near term.

Ethereum Price Corrects Losses

Ethereum price started a fresh decline below the $2,750 and $2,620 levels, like Bitcoin. ETH price even traded below the $2,500 level and tested $2,440.

A low was formed at $2,441 and the price recently started a recovery wave. There was a move above the $2,500 and $2,520 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,441 low.

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