Ethereum (ETH/USD) Weekly Technical Analysis & Outlook: Bears Still Hold the Trendline

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June 29, 2025

📅 Date: June 29, 2025
📊 Pair: Ethereum / U.S. Dollar (ETH/USD) – Daily Chart (BITSTAMP)


🔹 Weekly Summary (June 24–28, 2025)

Ethereum (ETH) closed the week modestly higher at $2,440.60, gaining +0.14% on the final trading day. Despite the small uptick, ETH remains stuck in a sideways consolidation, trapped below a key descending trendline and facing pressure from multiple resistance zones.


📉 Technical Analysis: ETH in a Squeeze Zone

The current daily chart shows indecision with a slight bullish bias trying to develop—but the broader structure remains neutral-to-bearish for now.

Trendline Resistance:

  • ETH is testing a descending trendline drawn from mid-June highs.
  • A breakout above this trendline is essential for bullish momentum to return.

Bollinger Bands (BB20):

  • Middle Band (20-SMA): $2,496.2 – acting as dynamic resistance.
  • Upper Band: $2,767.4 – major resistance.
  • Lower Band: $2,224.9 – current support base.

Key Price Levels:

  • Resistance:
    • $2,496 (20-SMA / Mid BB)
    • $2,737–$2,767: A critical zone where price was rejected multiple times.
  • Support:
    • $2,382 – horizontal support from earlier consolidations
    • $2,224 – lower BB and May support zone

Volume Action:

  • Volume remains relatively flat, which indicates a lack of strong buying conviction.
  • A breakout with volume is needed to confirm any trend reversal.

📅 Next Week’s ETH Outlook (July 1–5, 2025)

Ethereum is caught between key resistance at $2,500 and support near $2,382–$2,224. The price needs to break and sustain above $2,496 to trigger any bullish breakout.

🔮 Two Scenarios to Watch:

  1. Bullish Breakout:
    • Break and close above $2,500 could lead to a rally toward $2,700–$2,767.
    • Watch for increasing volume to validate the move.
  2. Bearish Rejection:
    • Failure at trendline and 20-SMA may push ETH back to $2,382, and possibly retest $2,224.

📌 Conclusion

Ethereum continues to consolidate in a squeeze pattern between its descending trendline and the 20-day SMA. Bulls need to clear the $2,500 hurdle convincingly to regain control. Until then, ETH remains vulnerable to further sideways or downward moves.


🔗 Related Internal Analysis

Check out our Bitcoin Weekly Chart Review → to see if BTC is showing stronger reversal signs.


⚠️ Disclaimer

This technical analysis is for informational purposes only and not financial advice. Cryptocurrencies are highly volatile and involve risk. Always consult with your financial advisor before trading.


📢 Published by: StockMarketRulers.com
📈 Your source for Ethereum, Bitcoin, and altcoin technical insights.

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