Technical analysis by MaxOnMarkets about Symbol ETH on 6/9/2025

👀 Possible scenario:The cryptocurrency market saw a slight decline, with the total market cap dropping 1.9% to $3.41 trillion. Ethereum (ETH) fell by 0.9% to $2,478, slightly down from its intraday high. A third of the top 100 coins posted gains, while trading volume decreased to $71.9 billion. Ethereum has since recovered and is trading around $2,544.Ethereum's upcoming EthCC 2025 conference (June 30 - July 3) could drive price movements, depending on announcements. However, unmet expectations might lead to a selloff, impacting related tokens. The Ethereum Foundation revealed a new treasury strategy focused on a 2.5-year spending runway, emphasizing transparency and decentralization. The plan aims to protect ETH reserves while utilizing DeFi protocols, guided by a “Defipunk” philosophy centered on decentralization and financial privacy. Ethereum investment products saw $296 million in inflows last week, marking a seven-week streak of positive growth. Meanwhile, Bitcoin-based funds experienced $56.5 million in outflows. Regional inflows were strongest in the U.S., totaling $175 million.✅Support and Resistance LevelsSupport level is now located at 2,390.00.Now, the resistance level is located at 2,670.00.