The second largest cryptocurrency, Ethereum (ETH), has shown impressive recovery in recent weeks by overcoming a significant resistance at $2,700. This development could be of great interest to private investors in the German-speaking region, as it indicates a potential rally towards previous highs.
Current Market Development
- Price Rally: Ethereum recorded a rise of 6.54% on June 10, 2025, reaching a price of $2,744.87. This increase was supported by strong trading activity, with over 560,000 coins traded.
- Resistance Overcome: The breakout above the resistance of $2,700 marks a significant milestone for Ethereum. This price range has served as a critical resistance in the past. A sustained stay above this level could indicate positive market development.
- Bullish Forecasts: Analysts and traders are optimistic that Ethereum could continue to gain value. Some forecasts suggest a possible increase towards $4,000, driven by ongoing demand and the acceptance of Ethereum as a global settlement and tokenization layer.
Technical Analysis
- Ichimoku Cloud: The technical analysis shows that Ethereum is above the Kumo of the Ichimoku Cloud, indicating a continuation of the upward trend.
- MACD and RSI: Momentum indicators like MACD confirm the positive market development. However, reaching overbought areas in the RSI could lead to profit-taking before a new price range is established.
Market Sentiment and Investor Interest
- Social Sentiment: The optimism among investors is increasing, reflected in the bullish social sentiment.
- Institutional Interest: The rising demand for Ethereum ETFs signals growing institutional interest, which provides the market with confidence and stability.
- Whale Activities: Large investors, known as whales, have made significant gains in recent weeks by speculating on the price recovery. These activities could further strengthen market sentiment.
Overall, current market developments suggest that Ethereum may be on the way to another rally. However, private investors in the German-speaking region should also consider the potential risks and volatility of the cryptocurrency market.