After recovering from lows below $2,250, Ethereum price today is hovering near $2,445. The bounce has pushed ETH back into a heavy supply zone, but indicators suggest that bullish momentum is stalling just beneath the $2,505 resistance. With the broader crypto market stabilizing, Ethereum is now facing a critical test as it consolidates near short-term trendline resistance.
What’s Happening With Ethereum’s Price?
ETH price dynamics (Source: TradingView)
Ethereum price action shows a rising wedge structure on the lower timeframes, with the current consolidation forming just below the $2,465–$2,505 resistance band. On the 4-hour chart, ETH is trading just above the EMA100 and EMA200, both sitting around $2,421.02 and $2,385.10 respectively. The key EMAs have started converging, creating a support cluster that bulls must defend.

ETH price dynamics (Source: TradingView)
The Bollinger Bands are also narrowing on the 30-minute chart, with ETH trading in a tight range between $2,438 and $2,457. Parabolic SAR dots are sitting below price, supporting short-term bullish continuation. However, recent candles show small-bodied formations, hinting at a lack of conviction from buyers heading into June 26.

ETH price dynamics (Source: TradingView)
On the daily chart, ETH is attempting to bounce from a major ascending trendline originating from early May. This trendline now aligns with the $2,250 zone, while horizontal support remains intact at $2,138. As long as price holds above $2,400, bulls may maintain short-term control.
Why Ethereum Price Going Down Today?

ETH price dynamics (Source: TradingView)
Despite the recent Ethereum price spikes, bulls are facing headwinds. The RSI on the 30-minute chart is hovering around 50.58 — a neutral reading — reflecting fading momentum. Meanwhile, the MACD histogram has turned slightly negative, and signal lines are flattening, signaling potential exhaustion.

ETH Liquidation chart (Source: Coinglass)
The liquidation heatmap shows a spike in long positions worth $6.32 million across major exchanges, compared to just $2.66 million in shorts. This leverage imbalance could pressure prices lower if bulls fail to sustain upside, especially near $2,500 where sellers are likely to re-enter.

ETH price dynamics (Source: TradingView)
OBV on the daily chart is struggling to regain higher ground after a prolonged downtrend, sitting near 9.98M. The Vortex Indicator shows VI- (1.1998) crossing above VI+ (0.8452), confirming weakening bullish control. Unless volume increases and sentiment improves, the Ethereum price update suggests a possible short-term pullback.

ETH price dynamics (Source: TradingView)
On the 4-hour chart, the Supertrend flipped bullish recently and currently supports price above $2,274.51. However, price is nearing the Supertrend resistance level at $2,382.03 — a zone that may dictate ETH’s immediate direction.
The DMI shows increasing strength in the bearish direction. The -DI is currently at 31.79 while +DI lags behind at 20.40, and the ADX is rising at 22.41. This divergence suggests that bears still hold the upper hand unless bulls deliver a decisive breakout above the local trendline.
Ethereum Price Indicators Point to Key Resistance Near $2,505

ETH price dynamics (Source: TradingView)
The $2,505 level now acts as a make-or-break zone. It has rejected price twice in the past two days and marks the upper boundary of a descending trendline from June 11. A break above with volume could open the gates to $2,700 and then $2,880 — levels that align with previous liquidity zones.
However, if ETH loses the $2,438–$2,426 consolidation base on the 30-minute chart, the next major support rests at $2,327 (lower Bollinger Band on the 4H chart) followed by $2,274 (Supertrend base).
Overall, Ethereum price volatility remains compressed. A breakout or breakdown from this wedge structure is likely in the next 24 hours.
ETH Price Prediction: Short-Term Outlook (24h)

ETH price dynamics (Source: TradingView)
Ethereum price is consolidating with narrowing volatility bands and neutral RSI, pointing to a breakout scenario. If ETH reclaims $2,505 and sustains above $2,530, momentum could carry it toward $2,700 and beyond. However, failure to breach the $2,465–$2,505 resistance could invite a drop back to $2,385 or lower.
Given the flattening MACD, neutral RSI, and selling pressure above $2,500, the next directional move will depend on volume and whether bulls can flip $2,505 into support. Traders should monitor liquidation clusters and Supertrend levels to confirm breakout or rejection.
Ethereum Price Forecast Table: June 26, 2025
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