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ETHEREUM PRICE ANALYSIS & PREDICTION (June 12) – ETH Set to Break Out After Briefly Reaccumulating, Where Next?
By Will Izuchukwu on June 12, 2025
Ethereum has been showing an impressive surge in the past few days, breaking out of a consolidation phase and retesting a crucial resistance line. The crypto market is currently witnessing a series of unexpected movements, with most assets exhibiting a higher level of volatility than usual.
Following last month’s breakout above a key resistance level, Ethereum tapped the $2,800 mark before retreating. However, it has failed to retest this point as support, and instead entered a consolidation phase around the $2,300 mark. The price is now slowly breaking out following a steady surge in the past few days.
Despite attempting a breakdown of its recent range, Ethereum quickly recovered due to increased market volatility this week. With the trend now subjecting to a sideways move, it has stayed well above the $2,300 level and consolidated throughout the month. The price currently appears strong and is expected to initiate another major rally.
Should the asset break out of this consolidation phase, it could potentially exceed the $3,000 mark and even touch $3,213. However, a failure to reach these levels would likely lead to a retest of the broken resistance line as support during the recent market correction.
It is crucial to consider that Ethereum’s price has been showing an unpredictable nature lately, with unexpected surges and crashes not uncommon. As such, it is vital for investors to keep a close eye on market developments.
As the crypto market remains incredibly volatile, any sudden shift could result in drastic changes to the current trend. For now, however, it appears that the bulls have taken control once again, and a short-term impulsive movement seems likely.
Based on the present situation, Ethereum’s next key level of interest would be at $3,525, followed by $3,744. Should the price continue to climb above these levels, we can expect further upward momentum. In contrast, if ETH drops below $2,548, investors should prepare for a pullback, potentially touching $2,320.
For now, it is imperative that market participants monitor Ethereum’s current trend and be prepared for any unexpected changes.
Source: nulltx.com
