Ethereum Price Prediction: June 4th Analysis

Ethereum’s price has shown notable growth over the last 24 hours, increasing by 0.88%. According to CoinMarketCap, market growth is anticipated for most cryptocurrencies. The hourly chart reveals a false breakout of resistance at $2,647. If the daily bar closes below this level, bears may attempt to push prices back down towards $2,600. However, on longer timeframes, bulls remain optimistic and are pushing for price increases. A closing price near current levels or above could indicate a continuation of this upward trend towards the $2,700 mark.