Ethereum (ETH/USD) is back in the spotlight as it tests a key resistance zone inside a symmetrical triangle. At the moment, ETH is trading around $2,508, below both the triangle’s upper trendline and the 50-period EMA ($2,519) on the 2-hour chart. Some expected an early breakout, but price is still coiled, no confirmed break above resistance.
This triangle formation, created by converging trendlines, means consolidation and decreasing volatility—a classic sign of a big move coming.
ETH has held a series of higher lows, keeping the bullish case alive, but buyers haven’t produced a strong breakout candle yet. Volume is low and recent candles are showing hesitation with mixed body sizes and small wicks.
Ethereum Momentum Building as MACD Turns Bullish
Momentum indicators are hinting at a change in sentiment. MACD is showing a fresh bullish crossover and the histogram is green—often a sign of upward momentum.
This, combined with higher lows in price, means buyers are gaining strength, but confirmation is missing.
If ETH can break above $2,527—triangle’s upper boundary and horizontal resistance—it will trigger bullish targets at $2,649 and $2,720. Below $2,500 or a break below $2,420 will invalidate the setup and test lower support.
Ethereum Price Chart – Source: Tradingview
Ethereum Key Levels to Watch
Ethereum price prediction remains neutral as ETH hasn’t broken out yet, but the setup is getting close to resolution. Watch for breakout volume or rejection. Patience is key in triangle setups—entering too early can be choppy.
Trade Setup:
Entry (bullish): Above $2,527 on strong bullish close
Targets: $2,649 and $2,720
Stop-loss: Below $2,420 (triangle support)
Summary: Think of this triangle like a pressure cooker—it’s building steam, but unless the lid pops off (above $2,527), price will stay contained. Wait for breakout confirmation before entering.
Ethereum is consolidating at resistance, a big move is coming. Whether bulls can take advantage remains to be seen—but all eyes are on $2,527.
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The post Ethereum Price Prediction: Technical Breakout at $2,520 Targets $2,745 Resistance—What Is Next for ETH in June? appeared first on Cryptonews.
