Technical analysis by behdark about Symbol ETH on 6/1/2025

This analysis is an update of the analysis you see in the "Related publications" sectionEthereum has now reached a support zone after sweeping the liquidity pool and the supply area at the top of the chart, as marked in the previous analysis. It has lost the trendline, and a slight upward recovery is expected before potentially being rejected again toward lower levels.A daily candle closing above the invalidation level would invalidate this analysis.For risk management, please don't forget stop loss and capital managementComment if you have any questionsThank YouThe price pumped from the two green lines as outlined in the previous analysis and reached the red zone.Please note that this red zone is a decision-making area for Ethereum. If the price consolidates within this zone, it could move toward the higher supply zones on the chart. The market is currently in a sensitive area, so enter positions with caution.