Ethereum Price Forecast Summary
Author: Alejandro Arrieche
Published: June 13, 2025
Key Highlights
- Ethereum (ETH) experienced a sharp decline following news of an Israeli military attack on Iran.
- The attack involved a strike on a nuclear facility, leading to heightened geopolitical tensions.
- Despite the drop, ETH's bullish cup and handle pattern remains intact unless it falls below $2,300.
Market Reaction
The market reacted negatively to the news, with most cryptocurrencies, including Bitcoin (BTC) and Solana (SOL), also experiencing declines of 1.8% and 7.8%, respectively. XRP (XRP) saw a 3% loss.
Liquidation and Trading Volume
In the wake of the price drop, Ethereum liquidations reached approximately $250 million within 24 hours, contributing to a total of nearly $1 billion in crypto liquidations. This surge in liquidations was driven by a long squeeze, as many stop orders were triggered due to the rapid price decline.
ETH trading volumes surged by 55%, reaching nearly $40 billion, which represents 14% of the token's total circulating supply, indicating increased selling pressure.
Price Predictions and Technical Analysis
Prior to the geopolitical events, a price prediction suggested a potential surge to $4,100 for ETH, contingent on maintaining a bullish breakout above the $2,750 resistance level. Although ETH had briefly surpassed this level, it faced significant selling pressure due to failed trade negotiations between the U.S. and China, compounded by the military developments in the Middle East.
Key levels to monitor include the $2,300 support level, which, if breached, would invalidate the bullish cup and handle pattern. Conversely, if ETH can maintain above this level, it may find the necessary liquidity to retest the $2,750 resistance.
Conclusion
As the market navigates through these turbulent times, traders are advised to keep a close watch on Ethereum's price movements, particularly around the critical support and resistance levels. The current market dynamics suggest a phase of accumulation, with potential for significant price movements in the near future.