Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways trading, this breakout marks a potential turning point, as many altcoins followed ETH’s lead with sharp upward moves. Analysts are calling this shift the early stages of a new altseason — a period where alternative cryptocurrencies outperform Bitcoin and deliver significant gains. Related Reading: Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details Among those spotlighting Ethereum’s strength is Ryan Sean Adams, founder of Mythos Capital, who took to X to highlight the strategic evolution of Ethereum’s positioning. “The ETH community has executed blue money gospel marvelously over the past 2 months,” he wrote, referring to his earlier thesis of Ethereum as a global, productive asset. This renewed narrative, focused on Ethereum as a yield-generating, store-of-value asset backed by an active economy, appears to be resonating with institutional and retail investors alike. With Ethereum leading the market and altcoins gaining momentum, all eyes are now on whether this rally can sustain and confirm the start of a broader bullish phase for the crypto market. Ethereum Undervaluation Sparks New Narrative Since 2022, Ethereum has been underperforming against Bitcoin, with altcoins suffering as a result. While Bitcoin continues to dominate the crypto narrative — recently breaking into new all-time highs — Ethereum still trades more than 60% below its November 2021 peak. This stark divergence has frustrated many ETH holders, but some analysts and investors now view it as a massive opportunity. Adams has become a prominent voice in Ethereum’s ecosystem, and believes a major shift is already underway. According to Adams, the Ethereum community has successfully rebranded ETH as a “blue money” asset — a concept that positions Ethereum alongside traditional stores of value like gold, oil, and Bitcoin. But unlike those, ETH is backed by an on-chain economy that generates yield. “We are emphasizing ETH, the asset now,” Adams wrote on X. “It’s made a huge difference. Keep going. ETH = world reserve asset.” His bold, almost maximalist stance is a call for the market to reassess Ethereum’s fundamental value. Rather than seeing it solely as infrastructure for decentralized apps, Adams argues that Ethereum is maturing into a globally viable reserve asset — one that offers both security and yield. If that narrative continues gaining traction, ETH could be poised for a major revaluation in the months ahead. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming ETH Reclaims Key Level As Bulls Regain Control Ethereum (ETH) is showing renewed strength, surging nearly 15% on the week to trade around $2,955. This marks a successful breakout above the key resistance zone at $2,850, a level that previously acted as both support and resistance throughout the past two years. The weekly candle shows strong bullish momentum, supported by a significant increase in trading volume. The chart reveals that ETH has now reclaimed the 100-week and 200-week moving averages, which sit at $2,644 and $2,428, respectively. Reclaiming these long-term averages is a strong technical signal that the downtrend may be over, and a new bullish phase could be starting. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? Despite the breakout, Ethereum is still trading far below its all-time high near $4,900. This presents upside potential if the bullish momentum continues. With this breakout, ETH also confirms a higher low structure, reinforcing the bullish case for further gains. If price holds above $2,850 in the coming days, the next resistance zone sits around $3,300–$3,600. A close above those levels could open the door to a rally toward $4,000 and beyond. Featured image from Dall-E, chart from TradingView
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project. Related Reading: Drop NFTs Like It’s Hot: Snoop Dogg’s Telegram Collection Raises $12M In 30 Minutes Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum. According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations. Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.” Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations. As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet. The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe. White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.” GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required. Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning. Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark. In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty. Related Reading: Solana Ready For $160 Reclaim? Analysts Say Breakout Is A Matter Of Time GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident. Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.” Featured Image from Unsplash.com, Chart from TradingView.com
The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise. Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor Profit stated that after 9 weeks of constant rejection at the EMA50 on the weekly chart, the Ethereum price has finally broken through. He claimed that it was a very good sign, as it suggests that ETH will reach higher targets in the coming weeks. The break above the 2,600 EMA50 level came as the broader crypto market rallied. Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? This rally has been led by the Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the Ethereum price is expected to also reach new highs, with the yearly high of $3,600 already in sight. A reclaim of this level could also pave the way for ETH to reclaim the psychological $4,000 level. Meanwhile, crypto analyst Rekt Capital alluded to the rising dominance of the Ethereum price. He noted that this ETH dominance fractal will not be a copy-paste version of what happened between 2019 and 2020. However, the analyst claimed that the recent rise to 10% of the dominance level shows that Ethereum wants to become more market-dominant in the coming months. BitMEX co-founder Arthur Hayes also believes that it is time for the Ethereum price to make its move. In an X post, he predicted that the altcoin could reach as high as $10,000 on this upward trend. He made this prediction while highlighting ETH’s chart against its BTC pair, suggesting that he also agrees that Ethereum’s dominance will rise in the coming months. ETH’s Move To Trigger Altcoin Season In an X post, crypto analyst Mikybull Crypto stated that the Ethereum price is following the Wyckoff re-accumulation schematic. He further remarked that this massive move will trigger altcoin season after ETH reaches the “SOS” level around $3,000. His accompanying chart also showed that he expects Ethereum to reach as high as $3,200 in the short term. Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’ In another X post, Mikybull Crypto alluded to the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The analyst remarked that this development means something, hinting at a potential altcoin season on the horizon. This is bullish for the Ethereum price and other altcoins as they would outperform BTC during this period. It is worth mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 in this market cycle. At the time of writing, the Ethereum price is trading at around $2,988, up over 7% according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum just broke above the critical $3,000 level, marking a major technical milestone after surging over 20% since Tuesday. This decisive breakout signals renewed strength in the second-largest cryptocurrency, with bulls reclaiming control after weeks of tight consolidation. The move is reigniting interest across the broader altcoin market, which had remained relatively muted during Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, many altcoins are showing signs of reversal and upward momentum. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is the large concentration of liquidity resting just above the $3,000 mark. Once Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving price through the $3,000 level and into a new range of opportunity. This rally comes amid a broader shift in market sentiment. As Bitcoin sets record highs, Ethereum and other altcoins appear poised to catch up. The big question now: can ETH maintain this level and lead a full altcoin season, or is this just a temporary breakout before another round of consolidation? Ethereum Breaks Out Of Consolidation Range Ethereum has spent the last several weeks consolidating within a clearly defined range that began in early May. The altcoin hovered between support around $2,800 and resistance just below $3,000, with multiple failed attempts to break above. That changed yesterday. ETH finally closed above this key resistance, signaling a potential breakout and confirming the start of a new bullish phase. This move comes as broader macroeconomic conditions improve. Strong labor market data in the US, alongside signs of de-escalation in several global conflicts, have helped reduce uncertainty and reignite risk appetite across financial markets. With Bitcoin reaching new highs and risk-on sentiment returning, Ethereum’s breakout may signal the next wave of upside for altcoins. Top analyst Ted Pillows highlighted a key technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a magnet.” This means that large clusters of buy and stop orders are concentrated above this level, attracting price movement toward those zones. Now that Ethereum has broken past resistance, the presence of high liquidity could accelerate its move upward as traders chase momentum. The breakout also holds symbolic weight. It shows that investors are regaining confidence in Ethereum’s value proposition, particularly with the broader altcoin market showing signs of life. If ETH can hold this breakout and establish $3,000 as new support, the next leg higher could materialize quickly, opening the door to targets in the $3,400–$3,600 range. Related Reading: Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason ETH Breaks Major Resistance Ethereum (ETH) has decisively broken above the psychological and technical resistance at $3,000, closing its most recent candle at $3,008.97. This breakout follows a strong 15% daily surge, as seen in the chart, marking a powerful move backed by growing bullish momentum. Volume has expanded significantly, confirming trader conviction and institutional participation in this move. The breakout puts an end to nearly two months of sideways action, with ETH previously locked between the $2,500–$2,850 range. The 200-day simple moving average (SMA), currently near $2,796, was breached with strength, acting as a springboard for price acceleration. The reclaim of this moving average adds technical validation to the breakout and signals the beginning of a new bullish leg. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves ETH is now in a key zone for potential continuation. As long as bulls defend the $2,850–$2,900 level as support, Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at all-time highs and macro conditions turning favorable for risk assets, ETH could lead the next wave of altcoin expansion. Featured image from Dall-E, chart from TradingView
As bitcoin reaches a record high, tokens associated with DeFi and layer-2 networks are outperforming.
Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across the broader crypto market. According to CryptoSlate data, ETH’s price peaked at $3,033 during the last 24 hours amid a 9% increase. However, its value has slightly retraced to $2,991 as of press time. This […]
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Ethereum showcased explosive bullish momentum with institutional demand accelerating through spot ETFs while shattering critical resistance levels.
Ethereum price started a fresh increase above the $2,800 zone. ETH is now consolidating gains and might aim for a fresh move above $3,000. Ethereum started a fresh increase above the $2,850 level. The price is trading above $2,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,885 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,840 zone in the near term. Ethereum Price Rallies Above $2,880 Ethereum price started a fresh increase above the $2,750 zone, like Bitcoin. ETH price gained pace for a move above the $2,800 resistance zone and entered a positive zone. The bulls even pumped the price above $2,880. Finally, it tested the $3,000 zone. A high was formed at $3,000 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,515 swing low to the $3,000 high. Ethereum price is now trading above $2,880 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,885 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,040 level. A clear move above the $3,040 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a downside correction. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone and the trend line. A clear move below the $2,880 support might push the price toward the $2,750 support or the 50% Fib retracement level of the upward move from the $2,515 swing low to the $3,000 high. Any more losses might send the price toward the $2,720 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,000
Ethereum surged over 5% yesterday, pushing past the key $2,700 level and signaling renewed strength across the altcoin market. After weeks of sideways action and uncertainty, this move marks a small but significant breakout, reigniting bullish sentiment among investors and traders. The breakout comes as Bitcoin continues to consolidate below its all-time highs, allowing ETH and other altcoins to take the lead. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape Market participants are closely watching Ethereum’s price action, as its movements often set the tone for the broader altcoin space. Top analyst Ted Pillows shared a technical view highlighting that ETH is once again trading at the top of its recent range. A breakout above this level could confirm the beginning of a larger expansion phase for altcoins. With bullish momentum building and Ethereum holding strong above reclaimed support levels, traders are becoming increasingly confident that the altcoin market may be on the verge of a broader breakout. However, key resistance still lies ahead, and the next few days will be crucial in determining whether Ethereum has the strength to continue higher and lead a new leg up in the crypto cycle. Ethereum Trades at Range Highs: Breakout Looms Ethereum has spent the past several weeks consolidating in a well-defined range between approximately $2,400 and $2,800, a structure that began forming in early May. Despite short-term volatility, ETH has held key support levels, suggesting that bulls remain in control. Now, with price action pushing toward the upper boundary of the range once again, the market is watching closely to see whether Ethereum can break through resistance and initiate a sustained rally. The broader macroeconomic backdrop has shifted in favor of risk assets. In the US, strong labor market data and wage growth have helped ease concerns of an economic slowdown. Meanwhile, the resolution of several global geopolitical tensions has reduced uncertainty, allowing markets to stabilize. This supportive environment could give Ethereum the fuel it needs to attempt a breakout. Ted Pillows recently highlighted that Ethereum is now trading at the range highs again — a level that has repeatedly capped price advances in recent months. According to Pillow, a confirmed breakout above the $2,800 resistance would likely trigger renewed momentum for ETH and potentially spark a broader move across the altcoin market. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves $2,800 Resistance Now In Sight Ethereum is showing renewed strength as it breaks out of a multi-week consolidation range, with the latest 12-hour candle closing above $2,760. The price action has decisively reclaimed the $2,700 level and is now testing the critical $2,800 resistance zone. This breakout is supported by a clear surge in volume, confirming bullish momentum. The 50, 100, and 200-period moving averages are all trending upwards and currently sit well below the current price, a strong technical sign of sustained momentum. ETH has moved above all three key SMAs, confirming that bulls are in control in the short to medium term. Notably, this is the highest ETH has traded since early June, and the candle structure resembles a classic continuation breakout setup. Related Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise A successful daily close above $2,800 would open the door for an expansion toward the $3,000 level and potentially higher if momentum holds. However, the key now lies in whether buyers can sustain this move without immediate rejection at resistance. If ETH can hold above $2,700 and build support, the breakout could serve as a launchpad for altcoins, especially as Ethereum often leads broader market moves. Featured image from Dall-E, chart from TradingView
The position could be a hedge against a long position as part of a broader strategy, though the tracked wallet held only a short trade.
Ethereum price started a fresh increase above the $2,720 zone. ETH is now consolidating gains and might aim for a fresh move above $2,800. Ethereum started a fresh increase above the $2,650 level. The price is trading above $2,720 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,720 zone in the near term. Ethereum Price Rallies Above $2,700 Ethereum price started a fresh increase above the $2,650 zone, beating Bitcoin. ETH price gained pace for a move above the $2,720 resistance zone and entered a positive zone. The price even tested the $2,800 resistance. A high was formed at $2,795 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Ethereum price is now trading above $2,720 and the 100-hourly Simple Moving Average. Besides, there is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,800 level. The next key resistance is near the $2,840 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,910 resistance. An upside break above the $2,910 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,980 resistance zone or even $3,000 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $2,800 resistance, it could start a fresh decline. Initial support on the downside is near the $2,750 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support or the 50% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,800
Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of Correlation To Other Assets In a post on X, the institutional DeFi solutions provider Sentora (previously IntoTheBlock) has talked about how the latest Correlation Matrix has looked between the two largest cryptocurrencies, Bitcoin and Ethereum, and traditional markets. The “Correlation Matrix” here refers to an indicator that tells us how closely tied together the prices of two given assets currently are. When the value of this metric is positive, it means the assets are reacting to moves in each other by moving in the same direction to some degree. The closer the metric is to 1, the stronger the relationship. Related Reading: Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? On the other hand, the indicator being under the zero mark implies there is a negative correlation between the two prices. That is, they are moving in opposite directions. For this side of the scale, the extreme point is -1. Naturally, the Correlation Matrix showing a value exactly equal to zero suggests there is no correlation whatsoever between the assets. In statistics, the two variables are said to be ‘independent’ in this case. Now, here is the table shared by Sentora that shows how the Correlation Matrix of Bitcoin and Ethereum stands with respect to some traditional markets: As is visible above, the index that Bitcoin and Ethereum have the strongest positive correlation to is DAX. That said, the Correlation Matrix stands at 0.46 for ETH, meaning that while some correlation does exist, it’s not too intense. This isn’t the case for Bitcoin, which has the indicator sitting at 0.85, indicating its price is pretty in tandem with DAX. Likewise, BTC has a notable correlation to other stock market indices, with a metric value of 0.7, 0.68, and 0.69 for the Russel 2000, S&P 500, and Dow Jones Industrial Average, respectively. In contrast, Ethereum is almost fully independent from these indices, with the indicator standing quite close to zero for each of them. For US Dollar Index and VIX Index, the last two markets listed in the table, the Correlation Matrix is inside the negative zone for Bitcoin. This means that the digital asset has actively been moving against these indices. Related Reading: Ethereum ETF Inflows Hit 8-Week Streak—Institutions Still Buying “Right now, the spotlight is on the U.S. Dollar Index (DXY): if geopolitical and macro tensions drag the dollar lower, that backdrop could create room for another leg higher in BTC,” notes the analytics firm. Just like with the stocks, Ethereum is displaying little correlation to DXY and VIX, further reinforcing that the cryptocurrency has been following a trajectory of its own recently. BTC Price Bitcoin is mounting another bullish push as its price surges to $109,400, but it remains to be seen whether its fate will be any different from the weekend move. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
Ethereum has finally pushed above the critical $2,600 level after weeks of range-bound trading, marking a potential turning point in its price structure. This breakout comes as bullish momentum builds, with Ethereum now preparing for a possible expansion toward the $2,800 resistance level—a zone that has repeatedly rejected upward attempts since early May. The coming days will be decisive in shaping Ethereum’s short-term trajectory, especially if bulls manage to drive the price beyond this key barrier. Related Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise A breakout above $2,800 would not only signal renewed strength in Ethereum but could also catalyze a broader altcoin rally. Market sentiment is gradually shifting, with traders growing more optimistic amid easing macroeconomic pressures and signs of renewed risk appetite. Top analyst Ted Pillows recently shared an Ethereum chart showing a clear upward breakout from compression. This technical pattern typically precedes strong directional moves, and in this case, it favors the bulls. Pillows suggests that Ethereum is taking the lead while Bitcoin remains in consolidation, indicating that ETH may be setting the pace for the next phase of the crypto cycle. All eyes are now on the $2,800 level, which could unlock significant upside if breached. Ethereum Leads the Charge: Major Move Ahead Since early May, Ethereum has traded within a tight consolidation range between $2,400 and $2,700, unable to break out despite several attempts. This extended period of sideways action has built up pressure, and market participants widely expect the next move to be significant. Bulls have shown resilience, defending demand levels and keeping ETH above the $2,500 mark for several weeks. However, a clear breakout above critical resistance is still needed to confirm a broader bullish trend. Altcoins continue to struggle, with most still trading below key resistance levels. Many analysts agree that a sustained Ethereum breakout is the missing trigger for the long-awaited altseason. Market leadership from ETH has historically marked the start of major altcoin rallies, and the current setup could be no different. Top analyst Ted Pillows shared a 4-hour chart highlighting an upward breakout from a compression pattern just above $2,600. According to Pillow’s analysis, Ethereum is leading the market while Bitcoin remains in a holding pattern below all-time highs. This leadership role for ETH could signal a shift in capital toward altcoins, especially if Ethereum follows through and breaks the $2,800 resistance level. Related Reading: Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout ETH Price Analysis: Upward Momentum Builds Above $2,600 Ethereum (ETH) is showing renewed strength after breaking above the key $2,600 level. The 12-hour chart reveals a bullish structure forming, with ETH currently trading at $2,612.61. This move follows a sustained period of consolidation between $2,400 and $2,600, where buyers consistently defended lower levels. Now, Ethereum is printing higher lows and gradually reclaiming its moving averages. Price is now trading above the 50-period and 100-period simple moving averages (SMAs), currently positioned at $2,483.37 and $2,536.77, respectively. This alignment is bullish and suggests ETH is building momentum for a potential retest of the $2,700–$2,800 resistance zone. A successful break above this area would confirm the breakout from compression and open the door for a more significant rally. Related Reading: Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350 Volume remains moderate, but recent green candles show growing buyer interest as ETH pushes upward. The 200-period SMA sits lower at $2,221.56, reflecting Ethereum’s longer-term bullish trend and acting as a strong base of support. Featured image from Dall-E, chart from TradingView
With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin. Featured image from Dall.E, chart from TradingView.com
Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating gains and might aim for a fresh move above $2,620. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,550 zone in the near term. Ethereum Price Gains Pace Ethereum price started a fresh increase above the $2,560 zone, beating Bitcoin. ETH price gained pace for a move above the $2,600 resistance zone and entered a positive zone. The price even tested the $2,620 resistance. A high was formed at $2,627 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,515 swing low to the $2,627 high. Ethereum price is now trading above $2,580 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,680 level. A clear move above the $2,680 resistance might send the price toward the $2,780 resistance. An upside break above the $2,780 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,920 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,570 level. The first major support sits near the $2,520 zone and the trend line. A clear move below the $2,520 support might push the price toward the $2,450 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,620
Ethereum is consolidating above the $2,500 mark, showing resilience amid broader market uncertainty. While bulls have successfully flipped $2,500 from resistance into support, the price still faces significant pressure below the $2,700 zone. This range-bound behavior has persisted since early May, and the coming days are likely to define the next major move, not only for ETH but also for the broader altcoin market. Related Reading: Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350 Top analyst Ted Pillows shared technical insights, highlighting Ethereum’s current structure, particularly after the $2,500 level was reclaimed. However, the next challenge lies in reclaiming the range high. A breakout above this key resistance could trigger a strong bullish continuation and potentially ignite an altseason, as capital often rotates into altcoins once ETH gains momentum. On the flip side, failure to sustain current support may open the door for a pullback toward lower demand levels. For now, bulls appear to be in control, but the market remains on edge, awaiting a decisive move. Whether ETH can build enough strength to break through resistance or slips into another leg of consolidation will likely shape sentiment and positioning for the weeks ahead. Ethereum Builds Strength As It Eyes Range High Ethereum continues to trade within a well-defined consolidation zone, oscillating between $2,400 and $2,700 since early May. After reclaiming the $2,500 level and flipping it into support, ETH now looks poised for a potential breakout. Ted Pillows highlighted this shift in momentum, stating that Ethereum is “looking good” and could soon revisit the upper boundary of the range. However, despite Ethereum’s strength, broader market conditions remain mixed. Bitcoin’s failure to break above its all-time high adds pressure to the crypto market, and altcoins continue to struggle to find solid footing. While macroeconomic uncertainty has eased following encouraging job reports and legislative developments in the US, headwinds persist. Rising US Treasury yields and the Federal Reserve’s ongoing delay in cutting interest rates contribute to a cautious environment. Still, Ethereum’s ability to hold above $2,500 suggests bullish intent. If price pushes toward and ultimately breaks above $2,700, it could trigger a broader move across altcoins, reawakening market momentum. But without a breakout in the short term, another leg of consolidation—or even a pullback—remains possible. This week may prove pivotal in setting the tone for Ethereum and the altcoin market’s next phase. Related Reading: Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical ETH Tests Resistance As Consolidation Tightens Ethereum is trading at $2,550, holding above its key moving averages and continuing to consolidate in a tight range. The daily chart shows that ETH is attempting to break above the 200-day moving average (red), currently sitting near $2,488, while managing to stay above both the 50-day (blue) and 100-day (green) moving averages. This convergence of key technical levels highlights the current equilibrium between bulls and bears. Despite multiple attempts since early May, Ethereum has not been able to sustain a breakout above the $2,700 mark. Each push higher has faced selling pressure, suggesting that this zone remains a major area of resistance. However, recent price action shows higher lows and strong defense of the $2,500 level, signaling building momentum. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Trading volume remains relatively flat, which aligns with the ongoing consolidation, but could also foreshadow a volatility spike once direction is confirmed. A successful daily close above the $2,600–$2,700 zone could trigger an impulsive move toward $3,000 and beyond. Conversely, a breakdown below the $2,480 level would invalidate the bullish structure and shift sentiment. Featured image from Dall-E, chart from TradingView
Data shows the US Ethereum spot ETFs have seen net inflows for eight consecutive weeks now, a sign of continued institutional demand. Ethereum Spot ETF Netflow Remains Positive In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the weekly netflow for the US spot exchange-traded funds (ETFs) of Ethereum has been looking. Spot ETFs refer to investment vehicles that allow investors to gain exposure to an asset without having to directly own it. These ETFs trade on the traditional platforms, so they allow for an easier investment method for those who find cryptocurrency exchanges and wallets overwhelming to navigate. Related Reading: Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels Below is the chart shared by the analytics firm that shows how the American Ethereum spot ETFs have been doing lately: From the graph, it’s visible that the netflow related to the Ethereum spot ETFs has recently been on a green streak. This means that inflows into wallets attached to the ETFs are continuously happening. Last week saw a net inflow of 61,000 ETH, worth $157.3 million at the current exchange rate. With these inflows, the spot ETFs of the cryptocurrency have seen positive values for eight straight weeks. Since institutional investors generally take this investment route into Ethereum, the continuous inflows could be a sign of sustained demand from them. Despite this interest, the ETH price has remained locked in a phase of sideways movement. Ethereum isn’t the only asset that’s observing demand on the ETFs. As the on-chain analytics firm Santiment has pointed out in an X post, Bitcoin has also been enjoying net inflows. As displayed in the above chart, the Bitcoin ETFs have seen a positive netflow on 16 out of the last 17 trading days. The one exception was on July 1st, when outflows occurred. In some other news, Ethereum has observed new on-chain capital inflows during the past week, as Glassnode has revealed in another X post. In the graph, the data for the Realized Cap of coins aged less than 1 week is shown for Ethereum and Solana. The “Realized Cap” measures the amount of capital that the investors have put into a given network. The version of the metric of focus here specifically calculates the capital that has come in over the past week. Related Reading: Bitcoin In For Another 460% Run? This Rare Fiat Signal Just Returned From the chart, it’s visible that the metric has seen an increase for both ETH and SOL during the past week, indicating fresh capital has flowed in. The latter has outperformed the former, however, with the metric standing at $6.2 billion and $8.3 billion, respectively. ETH Price At the time of writing, Ethereum is floating around $2,580, up over 5% in the last week. Featured image from Dall-E, Glassnode.com, Santiment.net, chart from TradingView.com
Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value of tokenized assets on Ethereum now tops $6 billion. That figure covers products from asset managers, fund houses and blockchain firms. It proves institutions are treating on‑chain finance as more than a tech demo. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 Top Firms Drive Token Growth BlackRock leads the pack. The world’s largest asset manager holds the biggest share of tokenized AUM on Ethereum. Close behind are Franklin Templeton, WisdomTree, Superstate, Apollo and Ondo Finance. Franklin Templeton focused on parts of its US Government Money Fund. WisdomTree launched funds you can buy through a mobile app. Superstate and Apollo each add smaller but steady sums. Based on reports, these six names together make up most of the $6 billion milestone. Tokenized AUM on @ethereum is at an all-time high World’s biggest financial services firms & asset managers are tokenizing assets on Ethereum pic.twitter.com/5Xl4XXYQ3O — Token Terminal ???? (@tokenterminal) July 6, 2025 Adoption Speed Since Mid-2023 The climb didn’t happen in a day. Adoption started slowly around mid‑2023. It rose further in early 2024. Then by January 2025, the line on the stacked chart shot straight up. That jump comes as BlackRock and Franklin Templeton pour in fresh tokens. Faster trades and fewer middlemen are big draws. Trades that once took days can now settle in minutes or seconds. That kind of speed appeals to big investors, who want clarity and a clear audit trail. This push into tokenized finance shows a shift in how big firms manage money. Ethereum still faces questions about scaling. If gas fees jump again, trading costs could rise sharply. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details On Rules & New Fund Types Regulators in the US, Europe and Asia have yet to set clear rules. A clampdown in one region might push firms toward other chains or private blockchains. Competition from Solana, Avalanche and new networks is already heating up. With $6 billion on‑chain, tokenized assets are past the trial stage. More firms will likely join once rules firm up and scaling solutions roll out. Markets could see new fund types, cross‑border trades and on‑chain yield tools. For now, Ethereum holds the lead. Yet the next hurdles—fee pressure, rule making and rival chains—will test whether it can keep growing. Featured image from Meta, chart from TradingView
Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum started a fresh increase above the $2,520 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Revisits Support Ethereum price started a fresh increase above the $2,550 zone, like Bitcoin. ETH price gained pace for a move above the $2,565 resistance zone and entered a positive zone. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. However, the bears remained active near the $2,600 resistance zone and protected more gains. The price faced rejection near the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. ETH is now testing the $2,520 support. There is also a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,550 level. The next key resistance is near the $2,580 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,580 resistance, it could start a fresh decline. Initial support on the downside is near the $2,520 level. The first major support sits near the $2,500 zone. A clear move below the $2,500 support might push the price toward the $2,450 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks of sideways action. After trading within a tight range since early May, ETH is now testing the upper boundary of its consolidation zone, a move that could mark the start of a new bullish phase for the world’s second-largest cryptocurrency. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Market participants are closely watching this level, as a successful breakout above $2,600 would likely attract momentum buyers and confirm renewed strength across the altcoin sector. However, the breakout is far from guaranteed. If bulls fail to sustain this move, Ethereum could face renewed selling pressure, with price potentially revisiting lower support zones. According to Coinglass data, liquidity clusters are clearly defined at $2,800 and $2,350. These levels will likely act as magnets in the coming days, depending on how Ethereum responds to current resistance. A clean break toward $2,800 would confirm bullish intent and broader altcoin surges, while a rejection could reinforce bearish sentiment. Ethereum’s Next Move Could Ignite Altseason Altcoins remain nearly 50% below their all-time highs, but bullish momentum is quietly building. Ethereum, the leader of the altcoin market, has been consolidating in a well-defined range between $2,400 and $2,700 since early May. This prolonged sideways action has kept much of the altcoin sector in a state of indecision. Now, traders and analysts agree: Ethereum must break out to lead the next major move. Market analyst Ted Pillows identifies two key liquidity levels for ETH: $2,800 on the upside and $2,350 on the downside. These zones represent the most likely destinations for price in the short term, depending on which side of the range breaks first. If Ethereum pushes above $2,800 with strength, it would likely trigger renewed risk appetite and a broad-based altcoin rally. On the other hand, a breakdown below $2,350 could lead to deeper corrections across the board. So far, bulls have defended the $2,500 level well, and growing open interest suggests that investors are positioning for an expansion. A decisive breakout in either direction will resolve weeks of consolidation and determine the short-term trend. Until then, Ethereum remains the gatekeeper of altcoin momentum—its next move could define the path for the entire market. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason ETH Tests Resistance Amid Range-Bound Structure Ethereum is currently trading at $2,563, hovering just below the $2,600 mark, a level that has acted as short-term resistance throughout June and early July. As shown in the 12-hour chart, ETH has been trapped in a horizontal consolidation structure between $2,400 and $2,700, with multiple failed attempts to break either side convincingly. The price remains above the 50, 100, and 200 simple moving averages (SMAs), which is a positive signal for bulls. The 100 SMA at $2,532 and the 200 SMA at $2,206 have offered strong dynamic support during recent pullbacks, reinforcing the current uptrend structure. Volume remains moderate, suggesting that market participants are waiting for a clear breakout before entering with conviction. A decisive close above $2,600 would open the door for a move toward $2,800, where large liquidity clusters have been identified by Coinglass. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook However, failure to maintain this short-term momentum could push ETH back toward the $2,400 support zone. Bulls have defended this level several times, and a break below it would likely invalidate the bullish setup and increase the risk of a deeper correction. Featured image from Dall-E, chart from TradingView
Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Related Reading: Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700. Featured image from iStock, chart from Tradingview.com
Ethereum is trading above the $2,500 level, showing notable strength despite recent volatility across the broader crypto market. Since early May, ETH has been trapped in a consolidation range between $2,400 and $2,700, struggling to establish a clear trend as both bulls and bears wait for confirmation. However, recent price action suggests growing momentum, with bulls maintaining control above key support zones. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Top analyst Carl Runefelt shared a technical analysis pointing to a decisive moment ahead for Ethereum. According to Runefelt, a breakout above the $2,700 resistance level is essential to ignite an impulsive move toward higher levels. Without that breakout, ETH risks remaining range-bound or revisiting lower demand zones. The current market structure, combined with positive sentiment surrounding altcoins and growing institutional interest in Ethereum, contributes to the optimism. Still, the coming days will be critical. A sustained move above $2,700 could open the door for a rally toward $3,000 and beyond, while failure to break out may delay Ethereum’s next major leg up. As Bitcoin trades just below its all-time highs, Ethereum’s next move could also determine the short-term trajectory for the altcoin market at large. Ethereum Leads Altcoin Recovery Altcoins have been stuck in a prolonged bear market since 2022, with many tokens still trading well below their all-time highs. Amid this challenging backdrop, Ethereum has emerged as the leader of a potential recovery. Since its April lows, ETH has more than doubled in price, surging over 100% and reclaiming key support levels above $2,500. This sharp rebound suggests that a new bullish phase for Ethereum—and potentially the broader altcoin market—could be in the early stages. However, the optimism is tempered by growing macroeconomic risks. Recent U.S. data has raised concerns about systemic fragility, with rising Treasury yields and persistent inflation fueling uncertainty across risk assets. Investors remain cautious as higher yields could limit liquidity flows into crypto, particularly into speculative altcoins. According to Carl Runefelt, Ethereum’s price structure is approaching a critical point. He highlights that ETH is currently trading within a rising wedge pattern—a bearish formation that often precedes a sharp pullback. Runefelt warns that if Ethereum fails to break decisively above the $2,700 resistance level soon, the price may reject and fall toward lower support, potentially leading to a drastic correction. For now, Ethereum remains range-bound between $2,400 and $2,700. A confirmed breakout above the upper boundary could fuel continued bullish momentum and trigger a broader altcoin rally. But failure to hold current levels, especially with bearish macro pressure building, could signal that the recent gains were a temporary relief rally. Ethereum’s next move will likely define the near-term direction for the entire altcoin sector. Related Reading: Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight ETH Faces Key Resistance Amid Rising Momentum Ethereum is showing strength as it trades at $2,574.70, gaining over 2.2% in the last session. As shown in the 3-day chart, ETH has remained range-bound since early May, fluctuating between the $2,400 support and the $2,700 resistance. The latest move above the 50-day and 100-day simple moving averages (SMAs), currently at $2,226 and $2,644, respectively, signals growing bullish momentum. However, Ethereum still faces a significant challenge near the 200-day SMA, currently sitting at $2,791, right below the critical $2,800 liquidity level. The price has tested this resistance zone multiple times without success, suggesting that a strong breakout above $2,700–$2,800 is needed to initiate an impulsive move higher. Volume remains stable, and ETH’s ability to hold recent gains hints at continued accumulation, but a lack of decisive follow-through could signal buyer exhaustion. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook If bulls manage to reclaim $2,800, it would open the door toward $3,000 and confirm a breakout from the multi-month range. On the downside, a failure to hold $2,500 could trigger a drop back toward $2,400 or even $2,200 if broader market conditions deteriorate. For now, ETH remains in a pivotal zone, and its next major move will likely determine broader altcoin momentum. Featured image from Dall-E, chart from TradingView
Qwatio currently has a BTC short position with 40X leverage, and a 25x leveraged short on ETH.
Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin. ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
Ethereum’s price action is gearing up for a surge of epic proportions, according to crypto technical analyst MasterAnanda on the TradingView platform. Ethereum has spent a majority of the past two months consolidating above the $2,425 support zone, in what might be an accumulation phase before a major breakout. Nonetheless, MasterAnanda’s analysis suggests that Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target that starts at $5,791. Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Ethereum To Break Out To At Least $5,791 MasterAnanda’s weekly candlestick chart shows a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. On the other hand, price highs have been relatively flat, specifically around the March and December 2024 peaks. Ethereum’s behavior since April has been marked by low volatility and sideways movement, which often precedes large market moves. The most interesting move was when its price dropped to as low as $1,470 on April 9 before quickly rebounding and establishing a rounded bottom formation. Nonetheless, the analyst noted that Ethereum is due a major, major bullish wave. The question is not whether it will happen, but when it will. Now that the current consolidation is sitting right above trendline support, MasterAnanda argues that this formation will soon give way to a powerful bullish wave. The target is a minimum of $5,791, which is based on the 1.618 Fibonacci extension. Interestingly, the analyst noted that it is possible for the Ethereum price to reach $8,500 or higher in the longer term if it breaks above the resistance trendline, which is currently at $4,000. This prediction is backed by improving fundamentals and current on-chain data showing accumulation through Spot Ethereum ETFs. Wyckoff Accumulation Says It’s Ethereum’s Turn Crypto analyst Ted Pillows shared a separate but related analysis on the social platform X that’s based on a Wyckoff accumulation pattern playing out on ETH’s weekly chart. Pillows called the selloff to the $1,470 low in April as the “Spring” phase of Wyckoff accumulation, followed by a successful “Test” of a September 2024 support around $2,145, and the gradual move back to resistance now. According to his projection, Ethereum’s breakout will unfold in stages. The first stage is a push to $3,000, then a correction, followed by a rise to $4,000 in Q3. Only after these steps will the parabolic leg truly begin. The parabolic leg, in this case, should take Ethereum above $5,700, if the price action plays out as predicted. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ His analysis closely aligns with MasterAnanda’s call for a minimum $5,791 target. Just as the Wyckoff accumulation pattern pumped Bitcoin to its most recent all-time high, Ethereum may be on the verge of its own spotlight moment in this ongoing 2025 bull cycle. At the time of writing, Ethereum is trading at $2,516. Featured image from Unsplash, chart from TradingView
Ethereum is trading just above the $2,500 mark following days of volatility, choppy price action, and uncertainty across crypto markets. Despite the hesitation, bulls have held critical support, and the coming days are shaping up to be a defining moment for Ethereum and the broader altcoin space. Momentum is slowly shifting as investors look for confirmation that ETH will lead the next wave of upside action. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook Top analyst Ted Pillows has shared a bullish technical outlook, suggesting that a Wyckoff accumulation pattern is currently unfolding. According to Pillows, this structure resembles the early stages of major breakouts seen in past cycles and signals strong smart money positioning. He argues that Ethereum already played a key role in Bitcoin’s latest rally to new all-time highs, and now it’s Ethereum’s turn to shine. A sustained breakout above the $2,600–$2,700 range could trigger the next phase of the cycle, with $3,000 in sight as the initial target. With market sentiment recovering and BTC consolidating near highs, traders and investors are closely watching Ethereum’s next move to gauge whether an altseason is around the corner. The setup is in place — but ETH must deliver. Ethereum Builds Strength Ethereum is up 82% from its April lows, demonstrating strong bullish control as the price holds firmly above key demand zones. Despite recent volatility, ETH continues to trade within a well-defined range between $2,400 and $2,700, a structure that has persisted since early May. This tight consolidation suggests the market is preparing for a decisive breakout, one that could define Ethereum’s trajectory for the remainder of the year. Ted Pillows reveals that Ethereum is now undergoing a classic Wyckoff accumulation pattern. According to his analysis, this phase marks the transfer of ETH from weak hands to strong hands, and it mirrors past cycle setups that led to explosive rallies. Pillows argues that Ethereum helped push Bitcoin to new all-time highs, and now it’s Ethereum’s turn to take the spotlight. If this pattern plays out, Pillows sees a clear path: first a breakout to $3,000, followed by a healthy correction, and then a push to $4,000 sometime in Q3. Beyond that, the real parabolic move may begin, driven by renewed confidence, broader altcoin participation, and sustained demand for ETH as a core asset in the crypto ecosystem. Related Reading: Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level ETH Holds Above Key Support Amid Tight Range Ethereum (ETH) is trading at $2,520, maintaining its position above critical support levels despite recent volatility. As shown in the 12-hour chart, ETH has acknowledged the $2,480–$2,500 zone multiple times since late May, signaling strong buyer interest at these levels. The price remains trapped within a tight consolidation range between $2,400 and $2,700, with no clear breakout yet in either direction. ETH is currently trading near its 50- and 100-period SMAs, which are converging around the current price, indicating equilibrium and a potential inflection point. The 200-period SMA sits below $2,200 and continues to trend upward, supporting the longer-term bullish structure. Related Reading: Chainlink Consolidates Above Key Support – Bulls Eye $20 Range Volume has remained relatively stable, with no spike suggesting institutional accumulation or mass distribution. For bulls to regain full momentum, ETH must reclaim the $2,600–$2,700 resistance and flip it into support. On the downside, a clean break below $2,480 could expose the $2,300 zone once again. Featured image from Dall-E, chart from TradingView
ETH stabilizes above $2,500 as SharpLink Gaming reiterates its treasury strategy and says Ethereum is becoming finance’s foundational layer.
The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s bullish expectations. In light of this, a leading crypto analyst warns that current price action lacks the strength needed for a powerful upward move, urging traders to remain cautious. The analyst notes that without a clear breakout signal, entering the market now could expose investors to potential downside risks. $2,800 Breakout Key For Ethereum Price Bull Rally A new analysis released on the X social media platform by market expert Daan Crypto Trades reveals that the Ethereum price has continued to trade within a well-defined price channel, currently holding above the $2,500 level at $2,527. The analyst emphasized that $2,800 remains the key breakout point that could trigger an Ethereum bull rally. Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The market expert shared a chart highlighting that ETH remains confined between a “range low” of $2,313 and a high of $2,736, with multiple failed attempts to break out of this tight structure. The chart also shows that the mid-range level of around $2,519 has become a critical point of control. Despite a brief rally that pushed the Ethereum price above $2,570 earlier this week, the cryptocurrency was still unable to sustain the upward move, slipping back below the $2,519 level before recovering to its current price of around $2,527. Daan Crypto Trades explains that the reason for Ethereum’s sluggish performance is its continued struggle to establish a solid footing in the $2,500 price region. Given the clear price imbalance in this zone, the analyst advises traders to exercise caution before entering the market. Within this range, traders may encounter increased price volatility and potential fakeouts, both above and below the key support and resistance levels. Given the unstable market environment, Daan Crypto Trades suggests that until Ethereum breaks and holds above the $2,800 mark, traders are likely to face more sideways action and unpredictable price swings. A clean breakout above $2,800 could be the key to the start of a bullish trend, improving conditions for ETH and pushing it out of its present downtrend. ETH Four-Year Consolidation Sees An End Market expert Mister Crypto has also shared insights on the current Ethereum price action. The analyst declared in a recent X post that ETH is on the verge of exiting a prolonged multi-year consolidation phase. His chart, which visualizes the cryptocurrency’s historical price movements, marks two key periods—a powerful 48x rally from 2018 through 2021, followed by a four-year horizontal consolidation range that spans from the 2021 top to the present day. Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analysis suggests that this extended period of range-bound movement could be a prelude to a potentially explosive bull trend, similar to the breakout seen in the past. In line with this, Mister Crypto marks a large open-ended “??X” label on his chart, suggesting the next breakout phase is imminent—though the precise magnitude is left speculative. Featured image from Getty Images, chart from Tradingview.com
Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.” Featured image from Dall.E, chart from TradingView.com
Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. Related Reading: Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com