Ethereum (ETH) is facing a challenging period as it struggles to maintain support above the $2,250 mark. After a sharp pullback from the $2,600 region, ETH is currently trading around $2,245, reflecting a clear shift in market sentiment. The recent break below the critical $2,425–$2,450 demand zone has intensified bearish pressure, with technical indicators pointing to continued volatility and downside risk .
What’s Driving Ethereum’s Current Price Action?
ETH’s price action has turned decisively bearish in recent sessions. The daily chart shows three consecutive red candles, confirming a loss of momentum. The 4-hour chart reveals a breakdown below a rising wedge pattern, with ETH now trading well under the 20/50 EMA cluster near $2,480–$2,525. The price is also outside the lower Bollinger Band, signaling heightened volatility and expanding downside risk .
ETH price forecast (Source: TradingView)
Short-term indicators reinforce this cautious outlook:
• The Relative Strength Index (RSI) on the 4-hour chart is at 29,85, indicating oversold conditions but not yet signaling a reversal.
• The MACD on lower timeframes shows a weak bullish crossover, lacking conviction for a sustained recovery.
• The Parabolic SAR and Supertrend indicators remain bearish, with no clear signs of a trend reversal.
On-chain data adds to the negative sentiment. A net outflow of $140,76 million in ETH from exchanges on June 21 suggests traders are moving assets off platforms, a move often associated with bearish expectations when prices are falling.
Key Support and Resistance Levels
| Indicator/Zone | Level (USD) | Signal/Comment |
| Resistance 1 | 2,310 | VWAP / Minor rejection zone |
| Resistance 2 | 2,434–2,483 | EMA50 / Bollinger Band midline |
| Support 1 | 2,230 | Daily trendline / breakdown edge |
| Support 2 | 2,070–2,100 | Demand zone / prior swing low |
| RSI (4H) | 29,85 | Oversold, bearish |
| MACD (30-min) | Weak Bullish | Momentum fading |
| Bollinger Bands (4H) | Expanding | High volatility |
| Netflow (21 Jun) | -$140,76M | Bearish outflow |
| Supertrend (4H) | Red | Downtrend bias |
If ETH fails to hold the $2,230 support, the next target could be the $2,070–$2,100 region. On the upside, reclaiming $2,310 (VWAP and Bollinger mid-line) would be the first sign of a potential recovery, with further resistance at $2,434–$2,483. However, thinning volume and expanding volatility suggest that another leg down is possible before any meaningful rebound .
Broader Market Context and Outlook
Despite the current bearish momentum, some analysts remain cautiously optimistic for the medium term. Forecasts for June 2025 suggest ETH could range between $2,400 and $2,600, with a bullish bias if key levels are reclaimed . Other projections see potential for ETH to reach as high as $2,750 if bullish momentum returns, but also warn of downside risk to $2,200 if support fails .
Looking further ahead, the average price for ETH in 2025 is forecasted around $2,450–$2,527, with some more optimistic scenarios targeting $2,800–$2,900 if market sentiment improves and institutional interest grows .
Conclusion
Ethereum is at a critical juncture, with technical and on-chain signals pointing to persistent bearish pressure in the short term. The $2,230 support level is key—if it holds, ETH could attempt a recovery toward $2,310 and beyond. However, a break below this threshold may open the door to further declines toward $2,100. Investors should watch for a decisive move above $2,425 to signal a shift in momentum.
For more on Ethereum’s price trends, see Ethereum price predictions, ETH analysis on Binance.
