Ethereum (ETH) Price Prediction for June 07, 2025: Can Bulls Defend the $2,400 Support Zone?

The recent selloff in the broader crypto market has left Ethereum struggling to hold above its key support zones, with bulls attempting to stabilize after a sharp pullback. The asset’s trajectory remains under pressure as technical indicators show a mix of short-term relief and broader weakness.

Ethereum price today is hovering near $2,450, down over 3% on the weekly chart, and showing limited recovery after a volatile breakdown. The ongoing tug-of-war between buyers and sellers has brought heightened uncertainty and sparked renewed interest in why Ethereum price going down today despite a strong start to the quarter.

What’s Happening With Ethereum’s Price?

Ethereum saw a significant rejection near the $2,745 level earlier this week, which corresponds with the 0.5 Fibonacci retracement of the broader move from the $1,385 low to the $4,105 peak. The failure to break through this midpoint resulted in a cascading drop, bringing price action back into the $2,420–$2,450 demand zone. This region coincides with the 0.382 Fibonacci level on the weekly chart and is acting as the imm…

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