Ethereum futures show short-term bullish momentum but require a break above $2,035 to confirm a sustained recovery.
ETH JUN26 futures are trading in a short-term bullish repair phase after holding above the $1,968-$1,973 support zone. The move follows a failed bearish extension below this level, though bulls need to sustain above $2,033.5-$2,036 to solidify the recovery.
Prior to this, sellers dominated from May 26 to May 27, but downside momentum weakened near $1,968. The $2,018-$2,033 range now acts as immediate resistance, with $2,035 as the key bullish confirmation level. Analysts note limited order-flow confirmation for the current rebound.
Bitcoin futures are also attempting a recovery, with $74,000 as the critical resistance level. Both assets trade above VWAP, but volume remains a concern for validating the move.