Ethereum Veers as It Crosses the $2,500 Threshold

Ethereum (ETH) Current Statistics

The current price: $2,440.03
Market Capitalization: $294,783,548,111.7
Trading Volume: $10,068,106,197.63
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis June 28, 2025

Ethereum’s (ETH) price continues to stray as it crosses the $2,500 threshold. The lines of the moving average impede the rising trend. Despite a June 23 rebound, the moving average lines halted the bullish momentum. The Doji candlesticks that formed below the moving average lines have kept the price of cryptocurrencies steady for the last five days. It is implied that neither buyers nor sellers know where the market is headed.

Ether will surge above the moving average lines and reach the previous high of $2,700. However, if Ether declines from the moving average lines, it is likely to do so again. The biggest altcoin will plummet and return to its previous low of $2,100. Today, the altcoin is valued at $2,427.

ETH Technical Indicators Reading

Doji candlesticks, which consolidate beneath the horizontal moving average lines, are displayed on the price bars. The Doji candlesticks have caused Ether to stay stationary because traders are hesitant. On the 4-hour chart, the price bars are still situated between the moving average lines. This suggests that the cryptocurrency may make a range-bound move.

Conclusion  

The biggest altcoin is currently trading in the bearish trend zone as it crosses the $2,500 threshold. On the 4-hour chart, the altcoin is range-bound between the $2,350 and $2,550 price levels. Although it is inside a small range, the price of cryptocurrency is trapped between the moving average’s lines.

The altcoin will resume its bullish trend if it rebounds above the 21-day SMA barrier. However, selling pressure will resume if Ether breaks below the 50-day SMA support. Ether will reach the psychological price level of $2,000.

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