PUNKO – PNK

Ethereum (ETH) Performance Summary: June 2nd, 2025

Overview: On June 2nd, 2025, Ethereum (ETH) showed a positive daily performance, recovering slightly after a period of declines. It closed with a notable gain for the day, indicating a potential reversal or at least a temporary stabilization.

Key Metrics & Technical Indicators (Based on available data for June 2nd, 2025):

• Price Action:
  • Open: $2,540 USD
  • High: $2,620 USD
  • Low: $2,480 USD
  • Close: $2,610 USD
  • Daily Change: +2.69%
• Market Capitalization:
  • Market Cap: Approximately $319.28 billion USD. ETH’s market capitalization saw an increase of about 2.70% from the previous day, reflecting the upward price movement.
• Moving Averages (Approximated values for June 2nd, 2025, based on surrounding data):
  • EMA 200 (Exponential Moving Average 200): Around $2,378 – $2,490 USD. ETH was trading significantly above its 200-day EMA, indicating a strong long-term bullish trend and continued foundational support.
  • EMA 50 (Exponential Moving Average 50): Around $2,572 – $2,650 USD. ETH’s price was consolidating around or slightly below its 50-day EMA. Some reports indicated it was below its 50-day EMA ($2,650) as of June 2nd, suggesting short-term momentum was still under pressure despite the daily gain.
  • SMA 200 (Simple Moving Average 200): Around $2,683 USD (as a potential resistance). ETH was below this level, indicating a need for a sustained push to reclaim stronger bullish momentum on longer timeframes.
  • SMA 50 (Simple Moving Average 50): Data for specific SMA 50 on June 2nd, 2025, is not as widely reported with exact figures, but generally, ETH’s position relative to its 50-day SMA was similar to its EMA 50, indicating a short-to-medium term challenge. One source suggested it was below its 50-day EMA ($2,650).
• RSI (Relative Strength Index):
  • 24-hour RSI: Around 53.23 – 54.75. This reading is in the neutral zone, indicating that ETH was neither overbought nor oversold, suggesting a balanced market sentiment on the day. Some analyses also mentioned RSI indicating a bearish trend in broader contexts.
• MACD (Moving Average Convergence Divergence):
  • Reports for MACD on June 2nd, 2025, were mixed. Some indicated a bearish trend or fading momentum, while others suggested a slight bullish crossover or subtle green bars on the histogram. This points to a consolidation phase with uncertain immediate direction, despite the daily price increase.

Brief Fundamental Analysis (Based on news and market context of June 2nd, 2025):

On June 2nd, 2025, Ethereum’s fundamental value continued to be supported by its robust ecosystem, which underpins the majority of decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. While the price had seen a significant decline from its yearly high (down approximately 24.76% year-to-date and 30.97% from one year ago), the network’s ongoing development, particularly in scalability and efficiency through Layer 2 solutions, remained a core strength. News reports indicated continued institutional interest, with significant inflows into Ethereum-linked financial products, especially Hong Kong spot Ethereum ETFs, which saw $286 million net inflow in the preceding week. This indicated a growing appetite from institutional capital despite a general market pullback. The overall market was digesting Bitcoin’s recent move to new all-time highs and subsequent consolidation, impacting altcoins like Ethereum.