Altcoins News

Story: Ethereum Dips Below $2,800 as Bulls Face Make-or-Break Support Zone

By Julie Binoche

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Resistance Rejection Sends ETH Lower. On June 12, Ethereum surged to a local high near $2,875, pushing optimism among bulls and igniting…

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Technical Analysis: Can Ethereum Hold $2,700?. On the 4-hour chart, Ethereum remains within an ascending channel, although its momentum has…

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Daily Chart Perspective: A Battle at Key Averages. Zooming out to the daily chart, Ethereum remains above its 50-day and 100-day simple moving…

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Macro Headwinds Could Influence Ethereum's Next Move. Ethereum’s current performance is unfolding in a broader economic environment filled with…

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What’s Next for ETH?. Ethereum is now in a make-or-break zone. If bulls can reclaim $2,800, confidence will likely…

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Final Thoughts. Ethereum remains in a relatively healthy technical structure, but the recent failure at $2,875 and…

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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is once again at a crucial price level as recent gains begin to fade.

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On June 12, Ethereum surged to a local high near $2,875, pushing optimism among bulls and igniting discussions about a potential return to $3,000.

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At the time of writing, Ethereum is down nearly 9% over the past 24 hours and is trading near $2,511.

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This pullback comes amid increased market volatility driven by broader economic pressures and geopolitical uncertainty.

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Technical indicators currently present mixed signals. The Relative Strength Index (RSI) has dropped to a neutral zone, hovering around 50.

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If Ethereum fails to hold the $2,700–$2,600 region, it may open the door to another test of the $2,500 support zone.

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Zooming out to the daily chart, Ethereum remains above its 50-day and 100-day simple moving averages (SMA), which currently rest around $2,325 and $2,647, respectively.

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ETH’s daily RSI has cooled off from overbought conditions but remains above the 50 level. This suggests the asset still holds some bullish potential, although the momentum has…

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Volume indicators show consistent trading activity, with no significant spike in sell-side volume.

The Currency Analytics

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