Ethereum (ETH) Price Prediction for 4th June: Can Bulls Sustain the Push Toward $2,750 After Breakout?
Ethereum price today is trading near $2,611, reflecting a modest 0.27% intraday rise amidst indications of renewed short-term strength. After bouncing from the $2,500 region, Ethereum rate has recovered the lower band of its previous supply zone, pressing towards the important $2,660–$2,725 resistance.
This level has turned down numerous rallies over the past week, making it an essential area for bullish extension into the mid-June cycle. Regardless of macro uncertainty, the more comprehensive structure hints at a possible shift in predisposition, with essential indications revealing bullish re-acceleration across shorter timeframes.
What’s Happening With Ethereum’s Cost?
Ethereum price action over the previous two days has revealed renewed buyer self-confidence after holding above the $2,500–$2,530 assistance zone. On the 4-hour chart, price has broken out from a descending wedge and retested the breakout region successfully, recommending upside extension potential. The immediate resistance now sits at $2,662, followed by an essential horizontal level at $2,723.
Short-term momentum indicators are turning positive. On the 30-minute chart, the Relative Strength Index (RSI) is hovering near 59.36, below its earlier peak of 67.96, suggesting there’s room for further benefit before entering overbought conditions. Stochastic RSI has crossed upward from deeply oversold levels (8–10 zone), indicating renewed buyer momentum.
Why Ethereum Price Increasing Today
The concern is: why is the Ethereum price increasing today after last week’s mixed sentiment? Technically, ETH has broken out of numerous trendlines and reclaimed former resistance at $2,600. Furthermore, positive crossover signals across MACD and Stoch RSI show short-term bullish follow-through. Another factor driving today’s uptick is strength in broader altcoin sentiment, sustained by Bitcoin’s stability above $105K and risk-on appetite in equity indices.
Short-Term Ethereum Forecast and Key Levels to Watch
Looking ahead, Ethereum price spikes are likely if bulls can close and break above the $2,723 level. This would unlock the door to a rally towards $2,800 and potentially $2,860. However, failure to break above this resistance could lead to a retest of the $2,565–$2,530 support range. The daily structure also shows ETH holding above the diagonal trendline extending from the May 1st breakout, which aligns near $2,496. This level remains the crucial invalidation point for the bullish setup.
Forecast Table: Ethereum Price Prediction for June 04, 2025
The Ethereum price today is attempting to break out from consolidation and retest major resistance levels. If current momentum sustains, Ethereum could retest the $2,723 mark with an upside extension towards $2,800. However, traders should keep an eye on the $2,565 and $2,496 zones closely, as a breakdown below this cluster would revoke the bullish breakout structure.
