Ethereum Price Recovery Strengthens Above $2,620 Amid Market Interest

Ethereum’s price has stabilized above $2,620 as of June 3, 2025, following recent market volatility. This development is accompanied by increased trading volume and institutional interest, indicating a potential recovery phase.

This shift in Ethereum’s price is significant for traders, suggesting a renewed confidence in the cryptocurrency market. Analysts observe possible upward trends aligned with strategic technical support levels.

Ethereum Surges from $1,840 to $2,700 Amid Market Rally

Ethereum’s price recovery occurs after experiencing mid-May lows, moving from around $1,840 to a current range of $2,500-$2,700. Trading volumes have increased, influencing market dynamics and suggesting a bullish sentiment among investors.

Recent movements highlight Ethereum’s resilience, evidenced by the formation of a golden cross with the 50-day moving average surpassing the 200-day moving average on June 3, 2025, further signaling market strength.

Grayscale Inflows Surge by 5% Indicating Bullish Trends

Ethereum’s stabilized price above $2,620 has encouraged traders to monitor further potential movements, with a key resistance level at $2,620. Market analysts are cautiously optimistic about a possible continuation towards higher price levels.

Ethereum’s market indicators suggest a growing institutional interest. For instance, Grayscale’s Ethereum Trust reported a 5% increase in inflows, strengthening the potential for upward price trends based on recent technical signals.

Experts Predict $2,800 Target; Warn of $2,280 Downside

Ethereum’s current pattern resembles previous accumulation phases, notable for preceding significant price increases. The 0.85 correlation with the Nasdaq indicates broader financial sentiment may further influence ETH’s trajectory.

Kanalcoin experts predict a bullish price target of $2,800–$2,900 in June 2025 if market conditions remain favorable. However, they warn of a downside risk to $2,280 should negative macroeconomic factors arise.

“If ETH breaks above $2,620, it could potentially move toward $2,720 and potentially reach $2,780 or even $2,880 in the near future.” – Changelly

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