Crypto analysis for BTC, ETH, EGLD, APE and KSM - June 02, 2025
Crypto market in the last 24 hours:
🔵 Global Market Cap: €2.85T (🔼 +0.21%)
📊 24h Total Volume: €82.56B (🔼 +8.58%)
💧 DeFi Volume: €30.53B – 36.98% of total (🔼)
💵 Stablecoin Volume: €77.55B – 93.93% of total (🔼)
🟠 BTC Dominance: 63.64% (🔼 +0.03%)
Bitcoin (BTC) analysis
BTCUSD is not looking good right now, as it has formed a head and shoulders pattern, combined with a bearish divergence on the chart. This setup increases the probability of a bearish move in the coming days. Price action is showing weakening momentum, suggesting that buyers may be losing control.
However, for confirmation, we need a breakdown and candle close below the support zone at 100,599 USD (approx. 92,500 EUR). If the price breaks and closes below this level, it could trigger a move toward the targets at 95,686 USD (approx. 88,000 EUR) and 91,713 USD (approx. 84,300 EUR).
Until then, we remain cautious and wait for a confirmed breakdown.
Ethereum (ETH) analysis
ETHUSD is currently in a consolidation phase, offering opportunities on both sides. If the price breaks out and closes a candle above the resistance zone at 2,553 USD (approx. 2,340 EUR), it will confirm a breakout of a triple bottom pattern, supported by a bullish divergence.
In this case, the price could target 2,592 USD (approx. 2,380 EUR) and 2,637 USD (approx. 2,420 EUR).
On the other hand, if the price breaks down and closes below the support at 2,472 USD (approx. 2,270 EUR), it will confirm the breakdown of a bear flag pattern, increasing the probability of a bearish move toward 2,434 USD (approx. 2,240 EUR) and 2,401 USD (approx. 2,210 EUR).
Traders should closely monitor price action and wait for confirmation of direction.
MultiversX (EGLD) analysis
EGLDUSD has formed a bear flag pattern, which increases the probability of further downside in the market.
To confirm the bearish outlook, we need a breakdown and candle close below the support zone at 14.64 USD (approx. 13.40 EUR). If that happens, the pattern will be validated and could trigger a move toward 14.00 USD (approx. 12.80 EUR) and 13.37 USD (approx. 12.25 EUR).
Until then, it’s important to closely watch price action, as a failure to break down may lead to short-term consolidation or even a reversal.
ApeCoin (APE) analysis
APEUSD has shown a strong bounce from the support zone and is currently consolidating within a range. If the price pulls back to retest the support level at 0.60841446 USD (approx. 0.55 EUR), we may see another bounce from that area.
In this scenario, potential upside targets are 0.66462536 USD (approx. 0.61 EUR) and 0.72540692 USD (approx. 0.67 EUR). This suggests bulls may defend the support zone, but it’s important to watch for signs of strength or weakness around these key levels.
Kusama (KSM) analysis
KSMUSD is currently sitting at the support trendline of an expanding triangle and has formed a W pattern — both of which increase the probability of a bullish move.
However, confirmation requires a breakout and candle close above the resistance zone at 16.46 USD (approx. 15.10 EUR). If this happens, the next targets would be 17.18 USD (approx. 15.80 EUR) and 18.12 USD (approx. 16.60 EUR).
The combination of the W pattern and triangle support adds strength to the potential for a bullish breakout, but waiting for confirmation before entering a trade is essential.
📈 Our Short-Term Estimates (96H)
Disclaimer: These are our personal opinions, not financial advice. We invest our own money — and sometimes we lose. DYOR!
🟠 BTC/USD: -2% to -4% – DOWN ⬇️ – risky zone, close to all-time high
🔵 ETH/USD: +2% to +4% – UP ⬆️ – in consolidation, but capital is flowing from BTC to ETH
🟣 KSM/USD: +2% to +4% – UP ⬆️ – W pattern supports a bullish case
🤖 FET/USD: +4% to +8% – UP ⬆️ – near support zone, bounce expected
🕹️ GALA/USD: +2% to +4% – UP ⬆️ – at the support trendline of the ascending channel
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