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Ethereum Technical Analysis Report – 3rd June 2025

  • ETH is trading above $2,500, a 40% gain over the past month, but still 48% below its all-time high of $4,878 in 2021.
  • Sellers are trying to push Ether below the 20-day EMA at $2,502, but bulls defending the level indicates strength at this key support.
  • Vitalik Buterin emphasized a cautious approach to scaling Ethereum, prioritizing network health and resilience over rapid expansion.
  • ETH broke the 'Descending Channel' pattern, surged by 50.7%, and traded in a range from $2,450 to $2,750, with a potential rally to $3,000 upon breakout.

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