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Ethereum’s price is approaching a pivotal point, with analysts pointing to potential breakout scenarios fueled by liquidity clusters and strategic accumulation. According to a June 4, 2025 analysis by crypto expert Joao Wedson, Ethereum’s recent consolidation phase is laying the groundwork for a significant price move.
Accumulation Signals Precede Price Action
Wedson highlights that market makers are actively accumulating Ethereum, along with several altcoins, as part of a broader strategy involving both distribution and buildup. This ongoing activity is often a precursor to heightened volatility and major price action.
Currently trading at $2,628.76, Ethereum has gained roughly 0.9% over the past 24 hours, fluctuating within a tight range between $2,592 and $2,645, per Coingecko data. With a market cap of $317.5 billion and a daily trading volume of $14.8 billion, ETH remains a central focus for market participants.
Key Levels Define Ethereum’s Near-Term Fate
Wedson’s analysis emphasizes two critical levels: $2,556 as downside support and $2,660 as a potential bullish trigger. A break below $2,556 could amplify bearish pressure, while crossing above $2,660 may set the stage for a rapid move higher—potentially toward the $2,830 level, which could serve as a short-term resistance zone.
According to liquidity heatmaps, a dense liquidity pocket lies just above the $2,660 mark. Turkish NY Radio reports that such zones often act as magnets for price, suggesting that if ETH breaches this threshold, it may rally quickly before meeting resistance near $2,830—a level associated with historical congestion.
Technical Indicators Signal Impending Move
Ethereum has surged over 45% in the last 30 days, recouping part of the losses it suffered earlier in 2025. Despite a year-to-date decline of over 30%, the asset’s short-term momentum remains bullish. Chart patterns, liquidity maps, and sentiment indicators all align with Wedson’s forecast that a sharp move is imminent.
Turkish NY Radio notes that traders should closely watch how Ethereum behaves within the $2,556–$2,830 range, as decisive price action in this corridor could define the next major trend. Whether it’s an upside breakout or a reversal depends on how liquidity and momentum interplay over the coming days.
References:
- Coingecko. (2025). Ethereum Price Tracker
- Joao Wedson via X. (2025). Technical ETH Analysis, June 4
