Ethereum Loses Ground as It Faces the $2,600 Barrier

Ethereum (ETH) Current Statistics

The current price: $2,511.68
Market Capitalization: $303,220,475,395.04
Trading Volume: $11,192,085,711.43
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis June 7, 2025

The price of Ethereum (ETH) dropped below the 21-day SMA support as it faces the $2,600 barrier. The largest altcoin has been trading in a range between the $2,400 support and the $2,800 resistance. If the price of Ether doesn’t break above the 21-day SMA level, it may continue to fall to the downside. Ether will decline above the 50-day SMA support.

The altcoin will psychologically drop to the $2,000 price level if it breaks below the 50-day SMA support. Currently, the biggest altcoin is correcting upward to break through the 21-day SMA.

ETH Technical Indicators Reading

The price bar for Ether is rising since it is above the 50-day SMA support and below the 21-day SMA.The price of the cryptocurrency is trapped between the moving average lines as the altcoin keeps moving in a range. Ether’s bullish trend will resume once it surpasses the 21-day SMA barrier. On the other hand, if the cryptocurrency asset drops below the 50-day SMA support, it will continue to lose value.

Conclusion  

Ethereum is trading between the moving average lines as it faces the $2,600 barrier. Ether is likely to drop even more if it breaches the 21-day SMA support. The price of cryptocurrency will gradually decline to the low above the $2,200 or 50-day SMA support. The altcoin’s cryptocurrency signal is negative as it loses the 21-day SMA support.

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