Ethereum Market Trend Analysis 20250624

The weekly candlestick is a long bearish candle with short upper and lower shadows, with trading volume remaining the same as the previous week and no significant decline in volume.

The weekly MA30 line shows a clear downtrend, and the MACD is exhibiting weakening upward momentum below the zero axis.

At the weekly level, it is evident that after the rebound in the previous weeks reached the MA30 line, the price has been unable to rise further, and it has been moving in a fluctuating downward trend. Currently, the price is getting closer to the lower edge of the red box (120), which will be a relatively good buying position in the short term, while the weekly MA120 line is also near the lower edge of the red box (115), forming a double support.

The weekly level is expected to move in a fluctuation at the lower edge of the red box for one or two weeks before continuing the rebound. Note that this is a rebound, not a reversal.

The large cycle fluctuation in the 120-180 range will continue.