Current Price and Market Development
The current price of Ethereum is approximately $2,497.68 (as of June 6, 2025). Despite the strong performance in May, a decline is now evident, indicating chart technical weakness. A drop to $1,400 would represent a significant correction.
Chart Technical Analysis
- Bullish Pattern: In the past, Ethereum has formed a bullish pattern suggesting an ascending triangle. However, this pattern may be broken, increasing pressure on the price.
- Resistance Line: The resistance line is just below $3,900. A break of this line could push the price further down.
Forecasts and Expectations
- Short-Term Forecasts: Some forecasts expect the price to reach up to $3,500 in June 2025, which, however, depends on the current market situation.
- Long-Term Perspective: Despite short-term uncertainties, Ethereum remains relevant in the long term, especially due to technological advancements such as the Pectra upgrade.
Impact on Investors
- Risks: A price drop to $1,400 would mean significant losses for investors who have invested in Ethereum in recent months.
- Opportunities: On the other hand, such a decline could also present a buying opportunity for long-term oriented investors who are hoping for a market recovery.
Overall, Ethereum is currently under pressure, and market development is volatile. Investors should prepare for possible price corrections and adjust their strategies accordingly.