Technical analysis by SmartFlowst about Symbol ETH on 6/2/2025

Ethereum has printed a double bottom wick rejection just above the 2,468 level and is now attempting a breakout above the local range high. Price has reclaimed structure, indicating potential momentum toward key fib resistances.Key Technical Zones: Support Zone: 2,468 – local double bottom (0% fib) Breakout Level: 2,544 (0.236 fib) Targets: TP1: 2,590 TP2: 2,628 TP3: 2,666 (0.618 fib / likely exhaustion zone)Scenario Outlook:🟩 Bullish Path: Strong rejection from 2,468 confirms demand Push through 2,544 unlocks path to mid 2,600s Trend continues if macro holds above 2,500🟥 Bearish Reversal: Rejection near 2,590–2,666 Bearish engulfing back below 2,507 invalidates this long setup Could revisit 2,468 and break to 2,440sPlay Idea: Entry: Reclaim 2,544 with confirmation SL: Below 2,496 TP1: 2,590 TP2: 2,628 TP3: 2,666📌 “ETH bulls defend the low — the battle now shifts to mid-range fib control.”