- Ethereum is currently consolidating near $2,578 after a failed breakout above $2,650, with key support at $2,510 holding the potential for either a rebound or further decline.
- The next 24 hours are critical, as breaking below $2,510 could push ETH toward $2,440, while defending this zone may lead to a retest of resistance around $2,650–$2,700.
Ethereum Faces Key Inflection Point After Weekend Volatility
Ethereum (ETH) is teetering on a crucial support level following a weekend filled with both bullish hope and swift rejection. As of June 17, Ethereum trades at around $2,578, slightly consolidating after failing to hold above the critical $2,650 resistance. With June 18 on the horizon, the market is bracing for a decisive move—up or down.
Will Ethereum Hold the $2,510 Support Zone?
The recent price rejection at the $2,680–$2,700 range, a known supply zone, has left ETH trapped in a narrow range between $2,510 and $2,585. Bollinger Bands are tightening, signaling an imminent breakout. The battle now centers on whether bulls can hold the $2,510–$2,530 demand zone, historically linked with institutional accumulation.
Short-term momentum indicators offer a mixed picture:
- RSI has recovered slightly to 44.14, showing mild bullish divergence.
- MACD remains in bearish territory, suggesting lingering downside pressure.
- The Ichimoku Cloud paints a neutral-to-bearish picture with ETH hovering below key resistance lines.
Smart Money Signals and Trend Indicators: Bullish Edge Diminishing?
Ethereum’s price action shows smart money pulling back into a high-volume liquidity zone. If this area holds, ETH could attempt a bounce toward $2,650–$2,680 again, which aligns with the 100 EMA on the 4-hour chart. However, weakening inflows, as seen in the Chaikin Money Flow (CMF) dropping to –0.06, may hint at early distribution.
The Vortex Indicator still favors bulls (VI+ at 1.066 vs. VI– at 0.938), but the narrowing gap signals reduced bullish conviction. The Donchian Channel and SAR indicators now lean bearish, with ETH testing the median band and SAR flipping above price—classic signs of hesitation.
Ethereum Price Prediction for June 18, 2025
The next 24 hours could determine Ethereum short-term fate. If bulls defend the $2,510–$2,530 zone, a rally back to $2,585 or even a retest of $2,650 is possible. A bullish breakout from the descending triangle could open the path to $2,700 and $2,780.
However, if ETH breaks below $2,510, bears may drive the price toward $2,440 or even $2,380. With market indecision peaking, Ethereum is approaching a high-stakes moment that could define its trajectory for the rest of June.
