Where Does Ethereum Go Next?

Ethereum is likely one of the few crypto property buying and selling within the inexperienced at the moment, and with the worth of ETH hovering across the $2,500 mark for many of June, the query on most holders minds is, naturally: The place does Ethereum go subsequent?

Prediction markets, platforms that permit for the buying and selling of occasion contracts, present one window to view present sentiment.

On Myriad, a prediction market developed by Decrypt’s mum or dad firm Dastan, predictors are remarkably break up on Ethereum’s destiny. A market titled “Ethereum’s subsequent hit: moon to $3000 or dip to $2000?” went reside on Myriad on June 19 and has up to now attracted somewhat greater than $13K in buying and selling quantity. In the mean time, merchants have set the percentages for ETH dropping to $2,000 earlier than the top of the yr to roughly 51% whereas the percentages of Ethereum mooning to $3,000 stand at 49%.

This razor-thin margin displays the real uncertainty gripping the market—neither bulls nor bears have a convincing edge.

Apparently sufficient these balanced odds persist regardless of Ethereum’s latest community upgrades and rising institutional curiosity.

Ethereum, the asset, is second solely to Bitcoin by market capitalization, at present valued at $293 billion to Bitcoin’s $2.1 trillion. It’s the one crypto asset moreover Bitcoin that at present has spot ETFs buying and selling in U.S. markets (although that may quickly change with the frenzy of altcoin ETF purposes now earlier than the SEC).

Ethereum, the community, has additionally seen vital enhancements not too long ago, with the Pectra improve going reside final month and growing validator caps and expanded community knowledge capability.

And but the market stays unconvinced about directional momentum for ETH, with a lot of profit-taking triggered slightly below the numerous psychological stage of $3,000.

Ethereum to $3,000 or $2,000: What do the charts say?

Ethereum buying and selling knowledge. Picture: TradingView

From a pure value motion perspective, the bearish situation seems only a tiny bit extra possible within the quick time period. To achieve $3,000, Ethereum wants to achieve $552 (roughly 23%) from present ranges. Primarily based on the blue assist trendline proven within the chart, this is able to require almost 77 days of sustained bullish momentum.

Conversely, reaching $2,000 requires solely a $442 drop (about 18%). Given the bearish channel formation over the previous three weeks, this draw back goal may materialize inside a month if promoting stress intensifies.

This resistance line (in purple) can be a bit extra pronounced, that means the weekly highs dropped quicker over the last three weeks versus a slower value appreciation pattern that has been up since March (blue line). This may occasionally level to a brief time period value correction in the midst of a extra sustained bullish pattern. Keep in mind, as a lot as holders wish to consider in any other case, nothing is at all times “up solely.”

Additionally, the $2,800 mark has confirmed to be a formidable resistance stage since Could, which sadly shouldn’t be sufficient to satisfy the Myriad market decision standards. It’s gotta hit $3,000, which might not be straightforward. Whereas Ethereum briefly traded above $3,000 in early 2025, it really went under $2,000 from March 10 till the spike on Could 10, displaying the market’s willingness to check decrease ranges.

The Ethereum chart tells a cautious story

Below theoretical ceteris paribus situations—assuming all exterior elements stay fixed, which they by no means do—the technical image leans bearish within the close to time period. Here is what the weekly chart reveals:

The Common Directional Index, or ADX, sits at 22, under the essential 25 threshold that confirms pattern power. This studying suggests Ethereum lacks a robust directional pattern—neither bulls nor bears have taken agency management, and the present longer bullish pattern is shedding power. For merchants, an ADX under 25 usually means uneven, range-bound motion reasonably than trending strikes.

The Relative Power Index, or RSI, reads 49.7, putting it squarely in impartial territory. RSI measures momentum by evaluating latest features to latest losses. Readings above 70 counsel overbought situations the place pullbacks usually happen, whereas readings under 30 point out oversold ranges that will precede bounces. Ethereum’s near-50 studying exhibits balanced momentum with out extremes and just about mimics the state of the Myriad market—undecided.

Trying on the Exponential Transferring Averages, or EMAs, the 50-week EMA sits above the 200-week EMA—historically a bullish configuration referred to as a “golden cross.” Nevertheless, the narrowing hole between these averages is regarding. When shorter-term averages converge towards longer-term ones, it usually alerts weakening bullish momentum.

The Squeeze Momentum Indicator exhibits “OFF” standing, indicating volatility has already been launched. However the indicator, alongside the ADX, exhibits there may be nonetheless a bullish pattern in play, weak or robust.

Whereas prediction markets present a fair break up between moon and doom eventualities, the technical image suggests warning. The weak ADX studying, impartial RSI, and former struggles with the $2,800 resistance stage paint an image of consolidation reasonably than trending motion. In pure technical phrases, the trail to $2,000 seems simpler than reaching $3,000.

Nevertheless, crypto markets not often comply with textbook patterns. Institutional adoption, community upgrades, and macroeconomic shifts may shortly invalidate any technical setup. For now, merchants ought to watch the $2,200 assist and $2,800 resistance as key battlegrounds that can probably decide Ethereum’s subsequent main transfer.