Ethereum's price movement on June 10 signaled a possible shift in market structure, overcoming a key resistance zone and reaching a new high.
Resistance Challenges
Ethereum managed to rise to $2,755, breaking above the $2,690 level; however, it faced strong selling pressure just below the $2,770 mark. Data from charts indicate that this level remains a critical barrier.
Market Status
On June 9, Ethereum began an upward trend from the $2,490–$2,610 range, gaining 2.94% within the day. The persistent zone of $2,700–$2,740 continues to exert pressure on the price, resulting in multiple rejections.
Outlook and Support Levels
Ethereum remains in a defined horizontal channel, fluctuating between the $2,470 support level and the $2,740 resistance area. The upcoming week will be crucial for determining the further price direction.
Ethereum's position remains uncertain, and the upcoming trading sessions may significantly influence the asset's future movements.
