Ethereum prices are now navigating key times after a volatile weekend that saw both intense momentum and short-term fatigue. As of June 17th, today’s Ethereum price was close to $2,578, indicating signs of consolidation after a failed breakout beyond the $2,650 resistance zone. Traders take a closer look at whether ETH can maintain support beyond $2,510 or if it faces downward pressure.
What will be the price of Ethereum?
Ethusd Price Dynamics (Source: TradingView)
Ethereum weekend gatherings were sharply rejected in the $2,680-$2,700 zone, the main supply area highlighted in multiple time frames. The four-hour chart reveals breakout attempts from descending wedges, but the move quickly sold and ETH has returned within the short-term integrated structure.
Ethereum price action on the 30-minute and 4-hour charts shows $2,510 in support and $2,585 in resistance, with Bollinger Band narrowing down its current zone. This volatility compression suggests a potential breakout in either direction and is subject to wider market sentiment or future macroeconomic catalysts.
Ethereum (ETH) Price: Key indicators show mixed momentum
Ethusd Price Dynamics (Source: TradingView)
The 30-minute chart’s relative strength index (RSI) recovered slightly from recent sold levels to 44.14, suggesting a mild bullish divergence. However, the MACD remains in the negative region, with the signal and MACD line below zero, the momentum of the histogram becomes weaker, and the short-term pressure is tilted downward.
Ethusd Price Dynamics (Source: TradingView)
Meanwhile, the unsolved cloud shows prices just below Tenkansen ($2,591) and Kijunsen ($2,603), suggesting bearish pressure unless there is a breakout on top of these lines. The Chikou span is flat, reinforcing the idea that current range could last before breakouts.
Ethusd Price Dynamics (Source: TradingView)
From the volume and trend check angle, the vortex indicator for the 4-hour time frame still supports the Bulls, with VI+ at 1.066 and VI- at 0.938, but the gap is narrower. The Directional Motion Index (DMI) indicates the softening of the bullish trend where +DI (27.43) begins to converge with –DI (13.78). However, ADX continues to rise, indicating that the trend is still working.
Ethereum (ETH) Price: Liquidity Zones and Smart Money Activities
Ethusd Price Dynamics (Source: TradingView)
Smart Money Chart’s latest Ethereum price update shows that ETH is pulling back to a massive liquidity block between $2,500 and $2,530. The zone previously served as an institutional demand area, as evidenced by a series of bullish chotch (character change) and BOS (structural destruction) events earlier this month.
Ethusd Price Dynamics (Source: TradingView)
A successful defense of this range will cause Ethereum to return to the $2,650-2,680 resistance cluster, aligning the 4-hour chart with the Bollinger band above. Conversely, a break below $2,510 could invite accelerated sales to the $2,440-$2,470 range.
Why are Ethereum prices falling today?
The latest rejection at $2,680 has led to short-term profit acquisitions and increased volatility in Ethereum prices. MACD’s cross-down and fade RSI momentum confirms bullish loss. Furthermore, Chaikin Money Flow (CMF) is below –0.06 from scratch, indicating a weaker capital inflow. This is an early warning of potential distribution.
Ethusd Price Dynamics (Source: TradingView)
Furthermore, dokian channel and SAR (stop and reverse) indicators suggest that the market remains undecided. ETH is testing the median band of Donquian’s range ($2,586), while SAR dots outperform the price on the 4-hour chart, indicating a possible short-term bearish reversal.
Short-term Ethereum price forecast
Ethusd Price Dynamics (Source: TradingView)
Entering June 18th, Ethereum’s upcoming outlook will depend on whether the Bulls are able to defend their demand zone of between $2,510 and $2,530. Holds above this level will allow the rebound to return to $2,585 and perhaps test it again for $2,650. However, if you can’t defend support, you could potentially send Ethereum to a low key zone of $2,440 or even $2,380.
The structure still prefers bullish recovery when prices collapse from the downward triangle that appears on the 4-hour chart, with the next upside target being $2,700 and $2,780. But if the bearish momentum persists and breaks $2,510, the higher the time frame collapse could be, the more likely it will reach $2,380, or even $2,200.
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