<ul data-eligibleForWebStory="true"><li>Ethereum (ETH) surged 5% on Monday due to heightened geopolitical tensions after reports of Iran launching missiles at a U.S. military base in Qatar.</li><li>The increased volatility in ETH led to significant realized gains and losses over the weekend.</li><li>Despite price pressure and $600 million in long liquidations, Ethereum maintained investor confidence and saw its ninth consecutive week of positive inflows, attracting $124 million.</li><li>ETH was trading at $2,392 at the time of writing.</li><li>After reaching a high of $2,879, Ethereum experienced a 26.5% correction, dropping to $2,111.89 before rebounding to $2,438.</li><li>The asset faced resistance at $2,675 and $2,850, needing to break and hold above these levels for the rally to continue.</li><li>Read more about Ethereum and other cryptocurrencies on ZebPay blogs.</li><li>Join over 6 million registered users on ZebPay to start your crypto journey.</li><li>Ethereum Technical Analysis Report was published by ZebPay.</li><li>ETH must sustain above key levels to maintain the rally.</li></ul>

Ethereum Technical Analysis Report – 24th June 2025

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