$3000 in June – New All-Time High?

Ethereum (ETH) price is currently trading around $2,520, showing signs of short-term recovery after a sharp hourly dip earlier this week. With strong historical resistance at $2,750 and bullish momentum from the $2,200 zone, investors are wondering: could Ethereum price touch $3,000 or even aim for a new all-time high in June 2025? Let’s analyze the charts and technical levels to understand where ETH may be headed next.

Ethereum Price Prediction: Is Ethereum Building a Strong Base Above $2,200?

On the daily chart, Ethereum price made a clean breakout from its months-long sideways consolidation in early May. The breakout came with high momentum and was supported by a golden crossover of the 50-day SMA crossing above the 100-day SMA. This bullish alignment helped ETH rally from around $2,200 to a local high near $2,750.

However, after hitting that resistance band (which also aligns with the 200-day moving average around $2,668), ETH price faced rejection. The price has since corrected back to $2,461 as of June 6, a 10% dip from recent highs.

Despite the pullback, ETH price has not breached the rising 50-day moving average at $2,220, which is now acting as critical support. As long as this support holds, the medium-term bullish structure remains intact.

What Does the Hourly Chart Reveal About Short-Term Sentiment?

ETH/USD 1 Hr Chart- TradingView

The hourly chart paints a picture of high volatility and fast-moving sentiment. On June 6, ETH plunged sharply from around $2,600 to a low near $2,385. This move triggered panic among short-term traders, but the rebound was equally swift, pushing ETH back toward the $2,520 level by the next session.

This V-shaped recovery is notable. It shows that buyers stepped in aggressively near the 50% Fibonacci retracement level of the May rally ($2,385 being close to halfway between $2,200 and $2,750). This suggests dip-buying interest remains healthy, especially from institutions watching these key zones.

With ETH price now consolidating below the $2,575–$2,600 short-term resistance zone, a clean breakout above this range could unlock a rally toward the $2,750 mark again.

Fibonacci Levels Say $3,000 Is Within Reach

Using Fibonacci extension from the May breakout (swing low at $2,200 to high at $2,750), we get the following key levels:

• 1.618 extension ≈ $3,300
• 1.272 extension ≈ $3,000

This suggests that if Ethereum price breaks the $2,750 level convincingly, the rally could extend toward $3,000–$3,300, which would mark a significant bullish continuation. For context, ETH’s all-time high in the last bull cycle was around $4,800, meaning the coin still has room to run if macro and ETF sentiment turn favorable.

What Could Push ETH Price to New Highs in June?

On June 6, 2025, BlackRock made headlines once again with a fresh $34.7 million Ethereum (ETH) purchase, adding to its earlier $48.4 million acquisition just days prior. These back-to-back transactions, involving over 28,000 ETH in total, underscore a calculated accumulation strategy rather than short-term speculation.

When a traditional asset titan like BlackRock makes repeated high-value entries into Ethereum, it sends a powerful market signal: institutional confidence is rising. This strategic averaging across multiple tranches—ranging from 9,000 to as much as 58,000 ETH—suggests long-term positioning ahead of potential bullish catalysts like Ethereum ETF approvals or macro-driven demand shifts.

From a price analysis standpoint, institutional buying near the $2,400–$2,500 range builds a strong demand floor, making it less likely that ETH will revisit sub-$2,200 levels without major systemic risk. Instead, the inflow from BlackRock could act as a springboard, fueling momentum toward the $2,750 resistance and possibly unlocking a breakout toward $3,000 in June. If this buying trend continues, it may even accelerate Ethereum’s path to new cycle highs.

Ethereum Price Prediction: What’s Next for June?

Based on current momentum and the structure of the daily and hourly charts, here’s a realistic forecast:

• Bullish scenario: ETH breaks above $2,750 and targets $3,000–$3,300 based on the 1.272 and 1.618 Fibonacci extensions.
• Neutral scenario: ETH consolidates between $2,400 and $2,750 for a few more days before making a directional move.
• Bearish scenario: A breakdown below $2,200 could invalidate the bullish trend, exposing ETH to a retest of $2,000.

Probability-wise, as of now, the bullish-to-neutral case dominates based on the strong recovery from the dip, the moving average support at $2,220, and healthy demand in the $2,400 zone.

Final Thoughts

Ethereum price is in a decisive zone. After a strong breakout in May and a healthy dip-buy response, all eyes are now on the $2,575–$2,750 resistance zone. If bulls can clear this hurdle, a run toward $3,000 in June is not just possible—it’s probable.

For now, traders should watch for a clean close above $2,575 on strong volume and be cautious of any dips below $2,200. Ethereum’s technical structure remains promising, and its next move could shape the rest of the altcoin market this summer.

$ETH, $Ethereum