As June begins, the crypto market is buzzing with cautious optimism. Recent months have seen global trade tensions and tariffs weigh heavily on investor sentiment, but the landscape may be shifting. With over 100 countries and 20 major economies set to review their trade agreements this month, the stage is set for potential breakthroughs that could impact digital assets like Ethereum, EOS, and Avalanche (AVAX).
Ethereum (ETH): Steady Support, Eyes on Resistance
Ethereum has shown resilience, holding above the $2,368 support level for more than three weeks. The key resistance at $2,751 remains a hurdle, but a breakout could open the door for ETH to revisit higher levels at $3,067 and $3,510. The ETH/BTC pair is also stable, maintaining support at 0.02328. If global tariff issues are resolved, institutional investors may return, potentially fueling a broader rally in Ethereum and the altcoin market .
EOS: Signs of Recovery from Lows
EOS recently touched its support at $0.58 but is showing early signs of a rebound. If momentum continues, EOS could target $0.75 in the short term, with the psychological $1 mark as a potential peak for June. This recovery is tentative, but the overall market mood is slightly optimistic, with a 51% chance of an upward trend this month .
Avalanche (AVAX): Reclaiming Ground
AVAX spent much of the previous week below $20, but has since reclaimed the $20.5 level and is moving toward $23. Analysts are optimistic for June, with targets set for a close above $27 and, in a strong scenario, a push toward $35 . However, resistance near $26.50 could pose a challenge, and a failed breakout might see AVAX retest support at $22.80 .
Market Sentiment: Cautious Optimism
While the direction for altcoins remains uncertain, the resolution of global trade issues could be the catalyst needed for a sustained market upswing. Investors are watching closely as negotiations unfold, with the hope that easing tariffs will remove a key barrier to institutional investment in crypto.
