ETH: Still optimistic and in transformation
Previously, ETH showed a strong bullish trend, but recent economic events have shaken things up.
On Friday, U.S. President Donald Trump announced a 50% tariff on the European Union, set to begin on June 1, 2025. This caused uncertainty in financial markets, triggering selling pressure on ETH, which dropped to $2,463—a key support level.
However, over the weekend, Trump extended the EU negotiations deadline until July 9, for talks between Washington and the 27-nation bloc to produce a deal.
If ETH holds the $2,463 support level, we could see another upward push in price.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Previously, ETH showed a strong bullish trend, but recent economic events have shaken things up.
On Friday, U.S. President Donald Trump announced a 50% tariff on the European Union, set to begin on June 1, 2025. This caused uncertainty in financial markets, triggering selling pressure on ETH, which dropped to $2,463—a key support level.
However, over the weekend, Trump extended the EU negotiations deadline until July 9, for talks between Washington and the 27-nation bloc to produce a deal.
If ETH holds the $2,463 support level, we could see another upward push in price.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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📣ETH - Bullish Outlook Update
The price created the correction as expected. Another retest of the support zone happened near 2510 and the buyers apeared again by pushing the price by +7% to 2684
The bullish momentum seems to be high again and all the last 4 hour candles are long and bullish indicating for a strong bullish momentum.
IF ETH doesn't decline again from the current support zone the chances are that the bullish movement just began.
We are near to a big moment this time.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.