Ethereum (ETH) price started the first week of June 2025 around $2,500 despite anticipation in crypto markets.On the daily chart, Ethereum price is consolidating below the 200-day Simple Moving Average (SMA) near $2,680, with resistance at the 200 SMA.The hourly chart shows Ethereum price below major SMAs, indicating short-term bearish pressure and a potential move towards deeper support.Traders should watch $2,500 support, $2,570 short-term resistance, and $2,750 breakout zone to gauge Ethereum's next moves.