ETH/USD spot prices are at $2478 and continue to move within the framework of a decline development and triangle formation pattern. Moving averages indicate a short-term bullish trend for Ether. Prices are once again testing the area between signal lines, suggesting pressure from buyers and potential continuation of the growth in asset price already from current levels. Within Ethereum’s forecast for today, one should expect an attempt at developing a rise in the coin with a test of resistance near the region around $2575. From there, it is expected that prices will rebound downwards and continue Ethereum’s depreciation with a potential target below the level of $1995.
Ethereum Forecast and ETH/USD Analysis for June 3, 2025
Additional confirmation of the decrease in ETH/USD quotes would be a test of the descending trend line on the Relative Strength Index indicator. A second signal will be a bounce off the lower border of the bullish channel. Cancellation of the cryptocurrency drop option would be a strong rise in Ethereum price and breaking through the 2805 level. This will indicate a breakout of the resistance area and continued growth of ETH/USD quotes to 3065 levels. With a break of the support zone and closing prices below the mark of 2305, one should expect confirmation of quote drops, indicating a breakout of the lower border of the “Triangle” model and the start of implementing a down pattern with targets below.
Ethereum Forecast and ETH/USD Analysis for June 3, 2025 anticipates a bearish correction attempt and testing the resistance area near the level of 2575. From where one should expect a bounce and continuation of the cryptocurrency ETH/USD drop to an area below the level of 1995. An additional signal in favor of Ethereum’s decline will be a test of the trend line on the Relative Strength Index (RSI). Cancellation of the downtrend variant of the digital currency will be a breakout above the resistance zone at 2805. This will indicate continuation of the rise in the digital currency with a potential target above the level of 3065.
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