ETH/USD prices are at $2613 and continue the movement within the correction development phase and formation of a “Triangle” pattern. Moving averages indicate a short-term bullish trend for Ether. Prices broke through the area between signal lines upwards, which indicates pressure from buyers and potential continuation of the growth in asset value already from current levels. Within today’s Ethereum forecast, we should anticipate an attempt at the rise of tokens and testing the resistance level near the area of 2705. From there, expect price bounces downwards and a continuation of the depreciation of Ethereum with a potential target below the level of 1975.
Ethereum Forecast and ETH/USD Analysis for June 4, 2025
Additional indication of the decrease in ETH/USD quotes would be a test of the descending trend line on the Relative Strength Index (RSI) indicator. The second signal would be a rebound from the upper boundary of the “Triangle” model. Cancellation of the crypto depreciation option would be a strong rise in Ethereum’s value and a breakthrough of the 2855 level. This would indicate a breach of the resistance area and continuation of ETH/USD quotes growth to the level of 3225. With a breakout of the support zone and closing quotes below the mark of 2305, one should expect confirmation of the decrease in prices, which would indicate a breach of the lower boundary of the “Triangle” model and the start of pattern implementation with targets down.
Ethereum Forecast and ETH/USD Analysis for June 4, 2025 anticipates a bearish correction attempt and testing the resistance area near the level of 2705. From where one should expect an upturn and continuation of the cryptocurrency ETH/USD drop to the region below the level of 1975. An additional signal in favor of Ethereum’s decline will be testing the trend line on the Relative Strength Index indicator. Cancellation of the price drop option is a breakout through the resistance area at 2855, which indicates continuation of the rise of digital currency with a potential target above level 3225.
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