In the cryptocurrency market, Ethereum (ETH) is currently consolidating, maintaining its position above key support levels despite recent market pullbacks. This resilience comes as analysts debate the potential for a breakout, with some suggesting a recovery if current conditions persist.
According to recent reports, Ethereum is trading above the $2,400-$2,500 zone. This indicates strength, even as the market faces uncertainty. The market is influenced by macro risks and shifting liquidity, which continue to impact short-term direction.
Analyst Ted Pillows notes that Ethereum is still consolidating after a strong May. He points to rising ETF inflows and growing network activity as indicators of renewed demand, suggesting that ETH may be preparing for its next move. The $2,800 level is a key threshold for bulls, with a potential move toward $3,000 in June if reclaimed.
If macro conditions remain stable, Ethereum could potentially reach $4,000 by Q3 2025. The coming weeks could be decisive for ETH and the broader altcoin market as it heads into summer.