Ethereum price analysis on the daily chart suggests that the world’s second-biggest cryptocurrency aims for $3K levels after reaching as low as $2.2K. The price of 1 ETH at the time of writing is $2641, with a 7% rise in the past 24-hours.
It seems that the market is now stabilizing after the huge sell-off that occurred in the past few days as Bitcoin slid below $40K and Ethereum fell below $3K. However, the data from CoinMarketCap suggests that the trading volume of ETH dropped by 20.42% in the last 24-hours while the market cap rose by 8.65%.
On the other hand, as per our Ethereum price analysis, the daily candle for ETH started the day at a price of $2459 and reached a daily low of $2414. From there, the token reached its daily high at $2643.
Ethereum price analysis on the daily chart
The Ethereum price analysis on the daily chart suggests that the token is aiming for $3,000 price levels. Ethereum fell below $3,300 support, which was reported by TheCoinRise, and this is ETH’s first major move since then.
The 50-day and 100-day Moving Averages continue to progress above the price action, but if ETH continues with this pace, prices will soon catch up and turn these MAs into support levels. Moreover, the price action continues to move upwards from the lower end of the Bollingers Bands showing signs of recovery.
Source: TradingView
The RSI indicator shows that the ETH token shot up straight through the oversold region. The token was oversold earlier this week, as reported by TheCoinRise.
Source: TradingView
Conclusion
Ethereum price analysis is concluded on an optimistic note for today as after falling from $2,500 a few days ago, the token has recovered and now aims for $3K. If the current bullish outburst of prices continues, investors might soon see ETH above $3K.
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June 23, 2025
June 23, 2025
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