Ethereum Price Shows Weakness, Eyes Key Support as Bears Loom

Jun 17, 2025 04:00 am Cryptocurrency 135

Ethereum price attempted a fresh increase above $2,600. ETH is now trimming gains and might struggle to stay above the $2,500 support.

Ethereum started a fresh decline below the $2,600 level.

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

There is a bullish trend line forming with support at $2,525 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it stays above the $2,500 zone in the near term.

Ethereum Price Corrects Gains

Ethereum price found support near $2,440 and started a recovery wave, like Bitcoin. ETH price recovered above the $2,500 and $2,550 resistance levels.

The price even spiked above the $2,620 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,440 low. However, the bears ..

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