Ethereum (ETH) is trading at approximately $2,430, showing resilience after a slight correction. As June nears its end, traders are closely watching whether ETH can surge past key resistance zones and retest $2,600.
ETH is hovering just above a critical support zone around $2,400. If this level holds, the next resistance sits between $2,500 and $2,550. Recent ETF inflows have created strong bullish sentiment, with analysts noting a gradual return of institutional confidence.
However, a “death cross” on the 2-week chart (20 EMA below 50 EMA) has flashed, a pattern historically associated with steep corrections — but also rebound rallies.
If bullish momentum continues, these are the short-term upside targets for Ethereum:
Bitcoin dominance is another factor — if BTC soars while altcoins stall, Ethereum might underperform in the short term.
