After a sharp rebound from the early June low, Ethereum prices today hold the company at nearly $2,795, pushing it up from $2,800 to a big resistance band of $2,835.
This is supported by the Bollinger Band expansion and sustained volume after ETH registers a clean breakout from the 4-hour chart integration. Prices are currently just below the 0.5 Fibonacci retracement level from the 2024-2025 drop, setting a potential continuous movement phase.
What will be the price of Ethereum?
Ethusd Price Dynamics (Source: TradingView)
On the weekly chart, ETH retests its 0.5 FIB level at $2,845 after weeks of recovery from its $1,385 low. The larger structure suggests that the trend has changed bullish, with a retracement of 0.618 at $3,148, serving as the next macro target if $2,845 is violated.
Ethusd Price Dynamics (Source: TradingView)
Zooming into the daily chart, Ethereum price action was pushed into the grey supply zone that caused the previous failure. This zone overlaps with both the downward trend line resistance and the historic fluidity pocket, making it a critical level for Bull to support. A successful breakout of over $2,835 clears the path to $3,000 and $3,150 in the short term.
Momentum indicator supports breakout cases
Ethusd Price Dynamics (Source: TradingView)
Ethereum’s recent gatherings are supported by a stronger momentum in a lower time frame. On the four-hour chart, ETH retrieved all major Emmas (20/50/100/200), with 20 EMAs crossing over 100 and 200 lines. This is the last bullish reorganization seen in late April. The price also pushes the upper bollinger band at $2,861.86, suggesting increased volatility at Ethereum prices and a potential breakout setup.
Ethusd Price Dynamics (Source: TradingView)
The 30-minute RSI is stable near 57.5, indicating that just below overbuying territory, the bull still has room to push high. Meanwhile, despite the narrowing of the histogram, the MACD line is over the signal. Bullish momentum suggests unharmed, but a new impulse may be required to accelerate.
Ethusd Price Dynamics (Source: TradingView)
On one chart, the price is comfortable above the cloud, with Tenkansen and Kijunsen flattening to nearly $2,785. This indicates a pause with an immediate trend, but as long as ETH exceeds $2,746 (cloud-based), the overall bias remains positive. The stochastic RSI is rising from the sold level (22.74), adding an early indication of updated upside pressure.
Why are Ethereum prices rising today? Bullish breakouts from range structure
Ethusd Price Dynamics (Source: TradingView)
The answer to why Ethereum prices are rising today is in the multi-timeframe breakouts that appear throughout the chart. On the 4-hour structure chart, ETH broke on top of a symmetrical triangle, regaining a demand zone of $2,700-$2,730. The breakout coincides with a break from the height-to-detecting line in May, forming a new high at $2,430, confirming a bullish trend shift.
The 30-minute chart shows the collapse of a well-supported bullish flag, followed by a consolidation of over $2,775. A slight diagonal resistance is present near $2,834, and a critical movement on top of that can cause a proactively longer position to more than $2,900.
Ethereum price forecast for June 12th
Ethusd Price Dynamics (Source: TradingView)
Looking forward to it, the Ethereum price update shows a $2,835 ceiling high stakes test. As buyers break through with strong volumes, their $2,900 and $3,050 upward targets will be active. However, if you can’t exceed $2,775, your ETH will be exposed to a pullback to $2,713 and $2,660. This is the area that matches the 20 and 50 EMA clusters on the 4-hour chart.
The macro structure remains constructive as FIB retracement levels of 0.5 and 0.618 ($2,845 and $3,148) framise the next direction zone. Traders should watch RSI and MACD signals carefully to see the momentum of their breakouts.
Ethereum price forecast table: June 12th
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