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Ethereum is holding firm above the $3,500 level, a key support reclaimed last Friday, signaling renewed strength in the market. After surging over 70% since late June, ETH appears to have entered a new bullish phase driven by rising demand and institutional interest. The momentum has shifted clearly in favor of the bulls, with technical structure and price action aligning to support further upside. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April – Details Adding to the bullish outlook, CryptoQuant data shows that Ethereum open interest has reached an all-time high, pointing to growing trader activity and rising capital in ETH derivatives markets. This surge in open interest often precedes large price movements, suggesting that Ethereum could see heightened volatility and expansion in the coming days. The combination of sustained price levels, strong trend continuation, and increasing participation sets the stage for a potentially explosive move. If bulls can maintain control above $3,500, Ethereum could be gearing up for a fresh leg higher in the short term. As the market awaits confirmation, all eyes are on ETH to see whether this momentum can drive it toward new 2025 highs. The coming week could prove pivotal for Ethereum’s medium-term trend. Ethereum Open Interest Hits Record ATH Ethereum’s market setup continues to strengthen, with open interest in ETH derivatives reaching a new all-time high of $50 billion, according to CryptoQuant data shared by analyst Ted Pillows. “Buckle up and enjoy the Ethereum ride,” Pillows stated, highlighting the elevated volatility ahead as a potential springboard for aggressive price action. This level of open interest is historically significant and often signals that large players are positioning for a major move. Such a dramatic increase in capital committed to ETH futures and options suggests rising investor confidence and heightened anticipation of directional momentum. While high open interest can lead to either a sharp rally or a correction, current on-chain and macro fundamentals indicate that the market may be leaning bullish. Ethereum’s network growth remains steady, with rising active addresses, validator participation, and increased activity on Layer 2s. More importantly, the recent passage of the GENIUS Act in the US provides legal clarity for stablecoins and lays the foundation for broader crypto regulation, benefiting Ethereum directly as the base layer for DeFi and real-world asset tokenization. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates ETH Breaks Out With Eyes On Key Resistance Ethereum (ETH) has confirmed a powerful breakout above the psychological $3,500 level, closing at $3,588.26 on the 3-day chart. The move follows a strong rally from late June lows, with the price now up over 70% in less than a month. Importantly, ETH has broken past all major moving averages, including the 50, 100, and 200 SMAs, signaling a shift toward bullish momentum across longer timeframes. Volume has increased significantly during this breakout, reinforcing the strength of the move. The next major resistance lies at $3,742.95, a level that previously acted as a local top earlier in the year. A successful close above this mark could open the door for a retest of the $4,000–$4,200 range. Related Reading: Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance On the downside, $2,852.16 now serves as a key support level. This level marked previous consolidation and breakout, aligning with the confluence of former resistance and the 200-day moving average. Holding above this zone is critical to maintain the current bullish structure. Featured image from Dall-E, chart from TradingView

Ethereum is trading confidently above the $3,100 level after breaking through this key resistance with strength, signaling a potential shift in market dynamics. While Bitcoin experiences a short-term pullback from its all-time highs, Ethereum’s upward move highlights growing momentum across the altcoin sector. Bulls are increasingly optimistic, viewing this divergence as a sign that capital may be rotating into ETH and other high-conviction altcoins. Related Reading: Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative Fueling this optimism is a combination of improving technicals and strengthening fundamentals. One of the most notable developments came today, as SharpLink Gaming—one of the first Nasdaq-listed companies to adopt an Ethereum-focused treasury strategy—purchased an additional $19,560,000 worth of ETH. The combination of strong price action, increasing corporate interest, and supportive on-chain metrics suggests that Ethereum could be leading the next leg of the altcoin rally, especially if Bitcoin continues to consolidate and investors shift focus to undervalued opportunities across the ecosystem. SharpLink Becomes Largest Corporate Holder Of Ethereum SharpLink Gaming has officially become the largest corporate holder of Ethereum, with a total of 280,706 ETH now held in its treasury, valued at approximately $840 million at current market prices. The company’s aggressive accumulation strategy signals a new phase in institutional Ethereum adoption, reinforcing the growing perception of ETH as a long-term strategic asset. Top analyst Ted Pillows confirmed SharpLink’s latest purchase using on-chain data, which shows that the ETH was acquired through a Coinbase Prime hot wallet—a platform commonly used by institutions for large-scale crypto transactions. According to a press release, SharpLink raised $413 million through the issuance of over 24 million new shares between July 7 and July 11, capital it promptly deployed into the crypto market. In total, the firm acquired 74,656 ETH over the past week at an average price of $2,852 per coin. This aggressive buying spree not only reflects SharpLink’s treasury strategy but also highlights a broader trend among institutional players of turning to ETH as a core asset. As traditional companies seek alternatives to cash and government bonds, Ethereum’s maturing ecosystem and growing staking participation make it an increasingly compelling option. SharpLink’s bold move may inspire other public firms to explore ETH as a reserve asset. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip ETH Weekly Chart Signals Trend Reversal Ethereum is showing strong bullish momentum on the weekly chart. The price is currently trading at $3,155.21, up over 6% for the week. The breakout above the key resistance zone at $2,850 is now confirmed. Marking a significant shift in market structure after months of consolidation and bearish pressure. This move pushes ETH to its highest weekly close since early 2024. Technically, Ethereum has reclaimed all major moving averages: the 50-week SMA ($2,645), 100-week SMA ($2,659), and 200-week SMA ($2,427). This alignment supports a longer-term bullish reversal and confirms that momentum has shifted in favor of buyers. The clean break above the previous resistance adds strength to the move. And sets the stage for a potential rally toward the $3,600–$3,800 range in the coming weeks. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The reclaim of $2,850—a zone that had acted as strong resistance for months—now flips into support. If Ethereum continues to hold this level on a weekly closing basis, it will likely attract more institutional attention. Featured image from Dall-E, chart from TradingView

Ethereum is undergoing a critical test after breaking above the key $2,850 resistance level and reaching a local high of $3,080. Since then, ETH has retraced by less than 5%, holding steady and showing signs of strength amid broader market volatility. The ability to maintain levels above $2,850 is being closely watched by traders and analysts as a potential launchpad for the next leg higher. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth Market sentiment remains increasingly optimistic, fueled by strong fundamentals and signs of institutional accumulation. According to on-chain data, SharpLink Gaming—one of the first Nasdaq-listed companies to develop a treasury strategy centered on Ethereum—purchased another $73,210,000 worth of ETH yesterday. This marks another strong signal that smart money is confident in Ethereum’s long-term value. As the crypto market awaits key developments from US regulators during “Crypto Week,” Ethereum’s price action and on-chain indicators remain aligned with a bullish outlook. If ETH can hold current levels and build momentum, the path toward $3,500 becomes increasingly realistic. With rising institutional demand and strong network fundamentals—including record ETH staking—Ethereum appears well-positioned to lead the next phase of the altcoin market rally. SharpLink Becomes Largest Public ETH Holder With $611M in Ethereum SharpLink Gaming has officially become the largest publicly known holder of Ethereum, with total holdings now reaching 205,634 ETH, valued at approximately $611 million. This milestone positions the Nasdaq-listed company at the forefront of institutional Ethereum adoption, setting a new benchmark for corporate treasury strategies in the crypto space. Top analyst Ted Pillows confirmed the latest purchase through on-chain data, revealing that the transaction originated from a Coinbase Prime hot wallet, commonly used by institutions for large-scale acquisitions. This move signals increasing confidence in Ethereum’s long-term value, particularly as companies begin diversifying beyond Bitcoin to gain exposure to smart contract infrastructure. Ethereum’s technical setup remains strong, with price holding well above the $2,850 support zone following its recent move to $3,080. At the same time, fundamentals continue to improve. The ETH supply staked has reached new all-time highs, indicating that more long-term holders are locking up their assets rather than selling into strength. Combined with increased institutional interest, this reflects growing conviction in Ethereum’s role as a foundational layer for Web3. The coming weeks promise to be pivotal. With market sentiment turning bullish and Ethereum gaining traction in corporate circles, the stage is set for a sustained upward move, especially if broader macro and regulatory conditions remain favorable. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? ETH Holds Above Key Breakout Zone Ethereum’s 3-day chart shows a bullish continuation pattern, with price currently holding at $2,978 after recently breaking through a critical resistance zone at $2,850. The breakout marked a shift in momentum following a prolonged consolidation phase and pushed ETH to a local high of $3,041.41. Although a slight retracement followed, the current structure remains strong as bulls successfully defend the $2,850–$2,900 area. This level is particularly important as it aligns with multiple technical indicators. The 200-day simple moving average (SMA) sits at $2,805.46, now acting as dynamic support. ETH also remains well above the 50-day and 100-day SMAs, currently at $2,244.80 and $2,661.68, confirming that the broader trend has turned bullish. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm Volume remains elevated, suggesting continued buying interest on dips. If ETH holds above $2,850 in the coming sessions, the next logical target is the $3,300–$3,500 zone, where previous highs and psychological resistance converge. Featured image from Dall-E, chart from TradingView

Ethereum has broken out above the $3,000 level, reaching its highest price since late January and signaling a strong resurgence in momentum. The move comes as Bitcoin continues to set new all-time highs, injecting renewed optimism into the broader crypto market. This week could prove pivotal, with the arrival of “Crypto Week” in the US Congress, when lawmakers will debate and potentially vote on critical legislation shaping the future of digital assets. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm Amid this renewed bullish backdrop, on-chain fundamentals are strengthening. Top analyst Ted Pillows shared data showing that the supply of ETH staked has just reached a new all-time high. This milestone reflects growing confidence in Ethereum’s long-term prospects, with more investors locking up their assets to secure the network and earn yield, rather than sell into strength. The surge in price and staking activity suggests a shift in sentiment as Ethereum regains its position as a core asset in institutional and retail portfolios. With macro and regulatory catalysts converging this week, ETH could be on the verge of a major breakout, especially if legislative clarity and Bitcoin’s momentum continue to drive capital into high-conviction assets like Ethereum. Ethereum Leads Altcoin Revival: Strong Fundamentals And Technical Momentum Ethereum is showing renewed bullish strength, acting as a key driver in the broader altcoin market recovery. After a prolonged consolidation phase that lasted several months, ETH has finally broken above the critical $3,000 mark, setting a new bullish structure and signaling the start of a potential macro uptrend. The recent price action has energized sentiment across the market, with many altcoins beginning to follow Ethereum’s lead. Fundamentally, Ethereum remains one of the strongest assets in the space. According to on-chain data by Ted Pillows, the percentage of ETH supply staked has reached a new all-time high of 29.44%. This metric is critical, as it reflects growing long-term conviction from large holders and smart money. When ETH is staked, it is locked up and cannot be sold, suggesting that investors expect higher prices and are committed to holding through volatility. All eyes are now on the key resistance zone between $3,500 and $3,600. If Ethereum manages to push through this area with conviction, it could trigger a broader breakout across the altcoin market. Many traders are closely watching this level as a catalyst for an explosive altcoin rally, fueled by increased capital rotation and technical momentum. A decisive break above resistance could validate the new bullish structure and mark the beginning of the next major expansion phase for ETH and the altcoin market at large. Related Reading: Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway Ethereum Reclaims $3,000 With Bullish Breakout Above Key Resistance Ethereum (ETH) is showing strong bullish momentum on the 3-day chart, now trading at $3,071 after decisively breaking above the $2,850 resistance level. This breakout confirms a shift in trend structure following months of accumulation between $2,200 and $2,800. The recent surge has pushed ETH to its highest level since late January and sets the stage for a potential push toward the next major resistance at $3,500–$3,600. The chart also reveals a bullish crossover as ETH trades above its 50-day, 100-day, and 200-day simple moving averages (SMAs), now at $2,241, $2,658, and $2,801, respectively. This alignment indicates increasing buyer control and reinforces the strength of the uptrend. Notably, the breakout was supported by a spike in volume, adding further conviction to the move. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground With this momentum, ETH has formed a higher high on the macro timeframe, signaling the potential start of a broader trend reversal. If Ethereum can hold above $2,850 and maintain upward pressure, the next leg higher could be swift, especially as Bitcoin reaches new all-time highs and crypto legislation developments unfold during “Crypto Week” in the US Congress. Featured image from Dall-E, chart from TradingView

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

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

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

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

Ethereum is trading above the $2,500 mark but continues to struggle with strong resistance near $2,600, a key level that has capped further upside in recent sessions. After gaining over 23% since June 22, ETH has shown signs of strength, reclaiming crucial levels and riding the wave of market-wide optimism. However, as the broader crypto market stalls, Ethereum’s momentum appears to be slowing down. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level The bullish impulse that drove ETH higher in late June is now meeting headwinds. Despite holding above important moving averages and maintaining a short-term uptrend, Ethereum has failed to break decisively above the $2,600 barrier. Analysts warn that a failure to reclaim this level with strong volume could lead to a short-term correction. Top analyst Carl Runefelt shared insights indicating a potential bearish setup on the 4-hour chart. According to Runefelt, Ethereum is forming a pattern that could lead to a pullback toward lower demand zones if momentum continues to fade. The coming days will be critical, as bulls attempt to maintain control while bears eye an opportunity to reclaim short-term dominance. Ethereum Faces A Critical Level Ethereum is approaching a crucial juncture following a week marked by volatility and renewed bullish momentum. After reclaiming the $2,500 level and rising over 23% since June 22, ETH has regained the attention of investors. However, the rally now faces a critical test: breaking above the $2,700 resistance level. A successful move above this threshold could ignite a broader altcoin rally, as Ethereum often acts as the leader for the altcoin market. Market sentiment remains cautiously optimistic, with bulls appearing to control short-term price action. Ethereum is trading above key moving averages and remains structurally bullish on higher timeframes. Yet, price has stalled just below the $2,600–$2,700 zone—a key supply area that must be flipped into support to confirm the next upward leg. A clean breakout could propel ETH into a new price range, allowing other altcoins to follow and break above their own resistance levels. Carl Runefelt cautions that Ethereum is currently forming a rising wedge pattern on the 4-hour chart—a potentially bearish setup. If the pattern plays out, ETH could fail to break higher and instead fall back toward lower support zones. Runefelt points to the $2,200 level as a key horizontal support that could be tested if momentum weakens and sellers regain short-term control. For now, Ethereum’s price action remains in a tight range. A decisive breakout or breakdown will likely define the direction of the altcoin market in the weeks ahead. Traders and investors alike are closely watching ETH’s next move, as it could set the tone for the remainder of the summer crypto cycle. Related Reading: Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum ETH Price Analysis: Key Resistance At $2,600 Ethereum’s price action continues to reflect a tug-of-war between bulls and bears as it hovers around the $2,550 level, just under the critical resistance at $2,600. After reclaiming that level briefly, ETH failed to hold its gains and pulled back slightly, suggesting sellers remain active at this zone. The chart shows Ethereum forming a lower high in the near term, raising short-term caution among traders. The 50-day and 100-day simple moving averages are now converging around $2,500–$2,530, acting as immediate support. As long as ETH holds above these levels, the medium-term outlook remains constructive. However, any sustained drop below these moving averages could invite additional downside pressure, possibly dragging the price back toward the $2,400 range or even testing the 200-day SMA near $2,180. Related Reading: Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu? Volume has remained moderate, showing that neither side has taken full control. Until ETH decisively breaks above $2,600 and flips it into support, the uptrend remains unconfirmed. The next key resistance sits at $2,700. Conversely, a rejection from current levels could indicate the formation of a range-bound structure or a rising wedge breakdown, as some analysts like Carl Runefelt suggest. Featured image from Dall-E, chart from TradingView

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset has gained only 0.3%, while it declined 0.2% in the past 24 hours. At the time of writing, Ethereum is trading at $2,436. Notably, the ongoing lack of momentum reflects broader hesitation in the crypto market, even as institutional activity and whale behaviors provide structural support for price levels. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key Ethereum Whales Accumulate, Retail Traders Remain Inactive In a recent market insight shared on CryptoQuant’s QuickTake platform, on-chain analyst Banker described Ethereum’s current phase as a “deadlock.” According to him, the market is witnessing steady accumulation from large holders, particularly visible through consistent ~60,000 ETH in weekly staking inflows and significant negative exchange netflows, which point to withdrawal activity exceeding deposits. However, these developments are being met with little to no increased activity from retail investors, creating a state of stagnation rather than bullish momentum. Banker noted that exchange data shows over 200,000 ETH being withdrawn in recent spikes, likely absorbed by institutional players. On the other hand, retail-driven deposits, which have reached around 100,000 ETH since 2023, are not enough to create breakout pressure. Daily active addresses remain flat at 300,000–400,000 levels, far below what has historically coincided with strong upward moves in Ethereum’s price. The neutral funding rate of 0.004% further reflects a lack of directional conviction among leveraged traders. According to Banker, the continued withdrawal activity by whales, combined with stable leverage usage, is creating a kind of supply squeeze that prevents significant downside pressure. However, without renewed participation from retail investors or a rise in daily address activity above 400,000, Ethereum is likely to remain within a narrow range. The report concludes that while downside is being contained by large holders, a meaningful breakout would require broader market engagement or a clear external catalyst. Exchange Activity, Divergences, and Macro Factors Add Headwinds Meanwhile, in a separate post, CryptoQuant analyst Amr Taha examined Ethereum’s exchange inflows and derivatives data, suggesting the market may be on the verge of short-term volatility. Taha reported that on July 1, over 100,000 ETH, worth around $250 million, were sent to Binance in two separate transactions. Such large inflows typically indicate selling intentions or a preparation for trades, especially when they coincide with other bearish signals. Related Reading: Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure Taha also highlighted a divergence between Ethereum’s spot price and Binance Open Interest. While ETH recently printed three local highs above $2,500, Open Interest has continued to decline, forming three lower highs. This lack of confirmation by derivatives traders suggests hesitation to commit to long positions. At the same time, US Federal Reserve net liquidity has dropped from roughly $6.2 trillion to $5.84 trillion, tightening financial conditions and reducing capital flows into risk assets like crypto. According to Taha, unless macro conditions improve or Ethereum-specific demand surges, the asset could face downward pressure in the short term. Featured image created with DALL-E, Chart from TradingView

Ethereum is facing a crucial test as bulls and bears lock into a tight battle around the $2,500 level. Despite repeated attempts, bulls have yet to establish control above this key resistance, while bears have been unable to push the price to new lows, signaling an indecisive but increasingly tense standoff. This price compression comes at a time when broader market sentiment is shifting. The US stock market has just reached a new all-time high, and analysts believe crypto could be next to follow. Related Reading: ONDO Breaks Out Of Ascending Channel – Analyst Sets $0.29 Target Fueling that optimism is fresh data from Artemis showing that Ethereum recorded over $269 million in net inflows in the past 24 hours. This sharp increase in capital moving into ETH reflects renewed investor confidence and may act as a catalyst for further price action. As global liquidity trends upward and risk appetite returns, Ethereum continues to gain momentum. Still, the $2,500 level remains a major hurdle. A confirmed breakout above it could trigger a sharp move higher, potentially leading the way for altcoin recovery. Until then, ETH traders remain on alert, watching for either a clean breakout or another rejection in what could be a defining moment for Ethereum’s mid-term direction. Ethereum Builds Strength As Altseason Awaits Breakout Ethereum has been consolidating in a broad range, trading between $2,200 and $2,800 for several weeks. This tight band of price action reflects a broader indecisiveness across the altcoin market, with traders still waiting for a definitive breakout to kickstart the long-anticipated altseason. Despite occasional surges in momentum, ETH has yet to break above the $2,800 mark—a level that could open the door for sustained upside and renewed altcoin activity across the board. The macroeconomic environment remains a wildcard. With mixed inflation data, geopolitical risks, and a volatile interest rate outlook, markets are reacting cautiously. Yet, amid this backdrop, Ethereum continues to show resilience. Many analysts believe that once ETH breaks out of this range, it could act as the trigger for a broader altcoin rally. Adding to the bullish outlook is fresh data shared by top analyst Ted Pillows, who highlighted a significant shift in investor behavior. According to Pillows, Ethereum saw over $269 million in net inflows in the last 24 hours, signaling renewed demand from institutional and retail players alike. These inflows, tracked by Artemis, point to growing confidence and could serve as the foundation for Ethereum’s next leg higher. While uncertainty lingers, momentum is quietly building. Ethereum’s ability to hold above $2,200 and attract capital during macro headwinds suggests strength beneath the surface. For altseason to truly ignite, ETH must break out of its current range and push decisively into higher territory. Until then, traders and investors continue to watch closely, knowing that once the breakout happens, it could shift the entire market cycle forward. Related Reading: Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic ETH Consolidates Below 200-Day SMA Ethereum is currently trading at $2,427, consolidating below the key 200-day simple moving average (SMA) at $2,544. After bouncing off support near $2,200 earlier this month, ETH has managed to hold above the 100-day SMA ($2,167) and regain some structure. However, the price remains capped by a cluster of resistance levels, including the 50-day SMA ($2,534) and the 200-day SMA, both of which are converging near $2,540—a critical zone for bulls to reclaim. The chart shows that Ethereum has been trading within a broad range between $2,200 and $2,800 for several weeks, reflecting indecision in the market. The failure to break through the $2,800 zone earlier in June has kept ETH in a sideways pattern. Volume has also declined, suggesting caution among traders as ETH tests this tight band of resistance. Related Reading: Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic A strong daily close above the $2,540–$2,550 region could confirm a bullish breakout and reignite momentum toward the $2,800 level. On the downside, a drop below $2,300 would weaken the current setup and expose Ethereum to further losses. Featured image from Dall-E, chart from TradingView

Ethereum is showing signs of renewed strength, trading 75% above its April lows as bulls attempt to reclaim lost ground. Despite this impressive recovery, ETH still sits roughly 98% below its all-time highs, leaving significant room for growth if bullish momentum accelerates. Market sentiment is shifting, with many analysts and investors eyeing Ethereum as the leading candidate to spark the long-awaited altseason. Related Reading: Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic Top analyst Ted Pillows recently shared a technical view suggesting that Ethereum has once again retested its lower channel — a pattern that has historically preceded explosive rallies in previous market cycles. In both 2017 and 2021, this same setup led to massive gains, and some believe this cycle could be no different. With macro conditions still uncertain but risk appetite growing across crypto markets, Ethereum’s price action is being closely watched. If the pattern holds, ETH could be on the verge of a powerful breakout that pulls the broader altcoin market along with it. Whether this becomes a historic launchpad or another consolidation phase remains to be seen, but for now, Ethereum is clearly at the center of attention. Ethereum Holds Key Support As Historic Pattern Signals Bullish Potential Ethereum is trading at a crucial technical level after reclaiming the $2,400 mark, where bulls and bears are locked in a tug-of-war. Buyers have managed to defend the key support zone, but upward momentum remains muted as broader market sentiment remains cautious. Geopolitical tensions and tightening macroeconomic conditions continue to shape risk appetite, making many investors hesitant to fully commit to high-beta assets like Ethereum. Still, the long-term setup is attracting attention from seasoned analysts. Pillows points to a recurring historical pattern that could define Ethereum’s trajectory in the coming months. According to his analysis, ETH has retested its lower trend channel once in each major market cycle, and each retest has preceded extraordinary rallies. In 2017, Ethereum surged 300x from this setup. In 2021, it delivered a 50x return. If history even partially repeats itself, a conservative 6x move would send ETH above the $10,000 mark. The setup is technically sound and aligns with the broader sentiment that Ethereum could lead the next altcoin rally, especially if Bitcoin breaks into price discovery. While uncertainty remains, ETH’s current position is a pivotal zone. If bulls manage to maintain structure and push toward range highs, the conditions for a breakout may soon align. Related Reading: Ethereum Staking Hits Record High: 29.02% Of Supply Locked Signals Long-Term Conviction ETH Holds $2,400 Level But Faces Resistance Ethereum is consolidating around $2,422 after reclaiming the $2,400 support zone, but the chart shows that bulls face significant resistance just above current levels. On the 12-hour timeframe, ETH has struggled to break above the 50- and 100-period simple moving averages, currently sitting at $2,518 and $2,536, respectively. This cluster of resistance has capped every recent attempt to move higher, reinforcing it as a short-term barrier that bulls must overcome to regain momentum. ETH’s failed breakdown below $2,200 earlier this week now looks like a bear trap, as buyers stepped in aggressively to reclaim lost ground. Still, without a decisive break above $2,530, Ethereum remains vulnerable to another retest of the $2,300–$2,200 support zone. Related Reading: Ethereum Fakes Out Bears – Altcoin Rally Depends On Key Level Breakout The 200-period SMA near $2,160 remains a key downside level to watch — if price fails to hold above it on future dips, bears could regain control. For now, Ethereum appears to be range-bound, caught between macro uncertainty and bullish hopes for an altseason. A breakout above $2,550 would confirm renewed strength and open the door for a push toward $2,800. Featured image from Dall-E, chart from TradingView

Ethereum is trading at a critical level after reclaiming the $2,400 mark, showing resilience in the face of market-wide volatility. Bulls have managed to defend key support levels following a recent fakeout below $2,200, but momentum remains fragile as ETH struggles to establish a clear trend. Despite attempts to push higher, price action is consolidating near the mid-range, suggesting indecision among traders. However, fundamental strength continues to build beneath the surface. Related Reading: Ethereum Fakes Out Bears – Altcoin Rally Depends On Key Level Breakout Top analyst Ted Pillows highlighted a major on-chain development: the percentage of Ethereum supply being staked has reached a new all-time high. This milestone signals rising confidence among long-term holders and validators, who are increasingly locking up ETH to secure the network and earn yield. Elevated staking levels historically coincide with lower active supply and reduced sell pressure—an encouraging sign for bulls anticipating a breakout. As macroeconomic uncertainty and geopolitical risks persist, Ethereum’s price behavior at this level could determine whether the broader altcoin market finally ignites. For now, ETH sits at a technical and psychological crossroads, with both bulls and bears preparing for the next major move. All eyes are on staking data and price structure to guide what comes next. Ethereum Builds Bullish Momentum As Staking Hits All-Time High Ethereum has climbed 75% from its April lows, showing strong recovery and resilience in a volatile market. Despite this impressive rebound, ETH remains nearly 98% below its all-time high, leaving significant upside potential. Many analysts believe Ethereum could be gearing up for a rally that may trigger the long-awaited altseason. However, caution still lingers in the market due to ongoing global risks and macroeconomic uncertainty, including rising interest rates and geopolitical tensions. The growing optimism is supported by improving on-chain fundamentals. Ted Pillows highlighted a key metric showing that the percentage of Ethereum supply staked has reached a new all-time high of 29.02%. This steady increase in staked ETH reflects strong long-term conviction from holders, who are choosing to lock up their assets to support the network and earn yield rather than sell during market turbulence. Historically, high levels of staking reduce active circulating supply, which can ease sell pressure and fuel bullish price movements. Combined with technical strength and growing confidence among long-term investors, Ethereum appears well-positioned for a breakout, provided bulls can hold current levels and reclaim resistance zones. Related Reading: Ethereum Reclaims $2,444 Level – Bullish Continuation In Focus ETH Reclaims Key Level But Faces Resistance Ethereum (ETH) is showing renewed strength after bouncing from its April 2025 lows and reclaiming the $2,400 level. On the weekly chart, ETH is up over 10% this week, closing firmly above the 200-week simple moving average (SMA) at $2,437.52 — a key threshold that previously acted as both resistance and support in past cycles. Reclaiming this level is a bullish sign and shows that buyers are stepping back in after months of selling pressure. However, Ethereum now faces significant resistance around the $2,625–2,660 zone, where the 100-week and 50-week SMAs converge. This zone has historically served as a pivot for major price action, and a clear break above it would likely trigger a broader rally targeting the $2,800–$3,000 range. Volume has also picked up, signaling renewed interest, though it remains below early 2024 levels. This indicates cautious optimism among traders, especially as global macro uncertainty and geopolitical tensions continue to weigh on markets. Featured image from Dall-E, chart from TradingView

Ethereum is back in focus after reclaiming the critical $2,444 resistance, following a sharp recovery from its breakdown below the $2,200 mark. The move has revived bullish sentiment, with many analysts calling for Ethereum to lead the long-anticipated altseason. The swift rebound caught traders off guard, reinforcing the view that the recent drop was nothing more than a fakeout. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst M-log1 commented on the reversal, stating that ETH is back in range. His analysis points to the idea that Ethereum’s price action has successfully shaken out weak hands while setting the stage for a bullish continuation. If momentum holds, ETH could attempt a move toward the higher range around $2,600–$2,800, a zone that has consistently acted as a battleground in previous cycles. Ethereum’s role as the leading altcoin makes its performance critical for broader market direction. A confirmed breakout here could trigger renewed confidence across the altcoin market and open the door for the long-awaited altseason. For now, bulls are in control—but Ethereum must hold current levels and push higher to keep the momentum alive and avoid another retracement into bearish territory. Ethereum Holds the Line: The Key to Unlocking Altseason? Ethereum surged following the announcement of a ceasefire between Israel and Iran, easing geopolitical tensions and triggering a sharp rebound across the crypto market. ETH, which had briefly broken down below the $2,200 mark, has since reclaimed key resistance near $2,444—indicating growing strength among bulls. While buyers initially lost control during the wave of uncertainty, they are now regaining momentum as the entire market braces for the next decisive move. Despite rising optimism, the macroeconomic backdrop remains fragile. Recession fears in the U.S. continue to build as leading indicators flash warning signs, and tightening global financial conditions may pressure risk assets in the coming months. Yet in the crypto space, focus is shifting toward Ethereum’s performance as the likely spark for the long-awaited altseason. M-log1 shared his view, saying, “ETH is back in range. Nice fake out after all.” His technical analysis suggests that Ethereum has reentered its consolidation zone, a move that could signal strength if followed by continued upward momentum. “If we want alts to do well,” he added, “we want ETH to move towards the higher range here and break out as soon as Uncle Bitcoin makes a new ATH.” With Bitcoin hovering just 4% below its all-time high, Ethereum is now in a critical position. A sustained breakout from current levels could trigger renewed risk appetite across the altcoin market, creating the perfect setup for a rotation. For now, Ethereum is holding the line—but it must maintain this bullish structure and break above resistance to lead the next phase of growth. All eyes remain locked on ETH as it charts the course for what comes next. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Regains Strength Near Key Resistance Levels Ethereum is showing signs of renewed momentum, trading at $2,451 after bouncing back strongly from a brief breakdown below the $2,200 level. The chart shows ETH has reclaimed the short-term descending trendline and is now testing major moving averages, with the 50-day SMA at $2,254, the 100-day at $2,639, and the 200-day just overhead at $2,780. This confluence of resistance above makes the $2,500–$2,800 zone a key battleground. Volume appears to be picking up alongside the price, signaling increased interest as ETH reclaims structure. This rally was partly fueled by the broader market response to geopolitical easing in the Middle East, but the technical setup now holds independent bullish potential. The recent price action forms what could be a classic “fakeout” and re-entry into range — a pattern that often precedes strong breakouts. To confirm a trend reversal, Ethereum needs to push and hold above the $2,650–$2,800 resistance band. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month If bulls can sustain this pressure, a run toward the March highs near $3,200 becomes increasingly likely. However, failure to build momentum here could see ETH range-bound or even revisit support near $2,200. For now, the trend is shifting in the bulls’ favor, with a breakout scenario back on the table. Featured image from Dall-E, chart from TradingView

Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off triggered a sharp fakeout that briefly pushed ETH out of its multi-week trading range. However, bulls are regaining control, and Ethereum’s price action now signals the early stages of a potential recovery rally. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds Top analyst Ted Pillows shared a technical analysis highlighting that Ethereum is reclaiming the key $2,444 resistance level — a zone that previously acted as both support and resistance throughout May and June. If bulls maintain momentum above this threshold, it could open the door for a bullish continuation toward the higher end of the established range. While uncertainty remains due to lingering macroeconomic and geopolitical risks, Ethereum’s current structure shows renewed strength. Market participants are watching closely, as ETH often serves as a leading indicator for broader altcoin performance. Holding above $2,400 could become a catalyst for a broader rally, especially if Bitcoin continues to stabilize and approach new all-time highs. Ethereum Battles For Breakout As Market Awaits Direction Ethereum is trading at a critical juncture after a turbulent week of price action driven by geopolitical instability and macroeconomic uncertainty. Following a sharp drop below $2,200 amid panic selling over the Middle East conflict escalation, ETH has recovered significantly, now hovering around the $2,444 level. This price zone is key, not only as a technical resistance but also as a sentiment marker for traders watching for signs of a trend reversal or confirmation of a deeper pullback. Analysts remain divided on what comes next. Some believe Ethereum’s recent recovery could signal the beginning of a bullish continuation, especially if price action holds and pushes above the upper range levels near $2,600. A breakout from this zone would indicate renewed strength and could set the tone for a broader altcoin rally, particularly as Ethereum often leads sector momentum. Others, however, warn that the recovery might be short-lived, and a retreat to lower demand zones could occur if macro conditions worsen. Ted Pillows notes that Ethereum is currently reclaiming the $2,444 resistance level. He emphasizes that bullish continuation into the range highs is necessary to confirm breakout strength. Until then, traders are watching closely, as any rejection at this level could shift momentum back to the downside. With global tensions and monetary tightening from central banks continuing to influence markets, the coming weeks may determine whether ETH enters a new uptrend or retreats further into its long-standing consolidation range. Related Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge ETH Faces Long-Term Resistance The weekly chart of Ethereum (ETH/USD) shows a strong recovery from the $2,189 low, with ETH currently trading at $2,463 — a 10.5% gain so far this week. This sharp bounce comes after a fakeout below the $2,200 level and suggests renewed buying pressure following recent geopolitical volatility. However, price is now testing a major confluence zone formed by the 50-week ($2,660), 100-week ($2,625), and 200-week ($2,437) simple moving averages. This cluster of moving averages is acting as resistance, capping ETH’s upside momentum. Historically, when Ethereum breaks through these long-term trend lines, a significant trend continuation follows. But for now, bulls must decisively clear this $2,450–$2,660 zone to confirm a breakout and open the door toward the $3,000 psychological level. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Volume has slightly increased, indicating rising interest, but the rejection wicks from prior weekly candles suggest the market remains indecisive. As long as ETH holds above the 200-week SMA ($2,437), the structure remains constructive, but a breakdown below it would likely reintroduce bearish sentiment. Featured image from Dall-E, chart from TradingView

Ethereum has experienced a strong comeback after weeks of uncertainty and bearish momentum. Following a sharp breakdown below its long-standing consolidation range, ETH found support near the $2,100 level and has since surged 15% from Sunday’s low. The move comes amid improving market sentiment after a ceasefire agreement between Israel and Iran helped ease geopolitical tensions, while broader macroeconomic conditions remain in flux. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply This recent bounce has placed Ethereum back into a critical technical zone, where bulls are once again attempting to reclaim control. After spending much of May and June in a sideways range, ETH is showing signs of renewed strength, fueling optimism that the next decisive move could be to the upside. Top analyst Mister Crypto shared a bullish technical outlook, highlighting that Ethereum is getting ready for a breakout. According to his view, the current price structure and momentum suggest ETH may be preparing to challenge previous resistance levels and enter a new phase of expansion. With on-chain activity starting to pick up and broader market confidence slowly returning, Ethereum could be positioning itself as the key altcoin to lead a potential rally in the coming weeks. Ethereum Reclaims Strength Ethereum has surged more than 15% from Sunday’s lows, recovering from sharp losses triggered by geopolitical tensions in the Middle East. The announcement of a ceasefire between Israel and Iran sent a wave of relief through global markets, with ETH leading the charge among major altcoins. After briefly losing key support levels, bulls are regaining momentum as Ethereum reclaims price levels last seen before the breakdown. This rebound marks a crucial moment for ETH, as it tests the strength of current market sentiment. While macroeconomic uncertainty continues—driven by growing fears of a U.S. recession, rising bond yields, and a cautious Federal Reserve—Ethereum appears to be consolidating for a potential breakout. The broader crypto market remains on edge, with altcoins underperforming Bitcoin, and many investors watching Ethereum closely as the likely catalyst for the long-awaited altseason. According to Mister Crypto, Ethereum is now preparing for a breakout above the $2,800 resistance. This level represents a major psychological and structural barrier, and a decisive move beyond it could redefine ETH’s trajectory for the remainder of the year. Volume is returning, and on-chain data shows rising confidence from long-term holders, signaling a potential shift in trend. If bulls succeed in pushing ETH past this zone, it could trigger renewed interest across the altcoin market and usher in a wave of fresh capital. As Ethereum flirts with this breakout level, its price action in the coming days may very well set the tone for the next phase of the crypto cycle. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month ETH Testing Resistance After 15% Surge Ethereum (ETH) is currently trading near $2,414 after rebounding sharply from the $2,100 zone, a level revisited last Sunday during heightened geopolitical tensions. The 8-hour chart shows a clean V-shaped recovery, with bulls pushing the price through the 200 SMA ($2,326), reclaiming short-term control. Volume surged on the way up, confirming strong buying interest during the bounce. However, ETH now faces a test near the $2,450–$2,500 zone, where the 50 and 100 SMAs converge. These moving averages, currently acting as resistance, previously played a key role during Ethereum’s consolidation in early June. A successful breakout above this range would open the door to a retest of the $2,700–$2,800 levels, as suggested by top analysts like Mister Crypto. Related Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction For now, price action remains in a neutral consolidation range with a slight bullish tilt. If Ethereum holds above the 200 SMA while building support above $2,400, the bullish case strengthens. However, failure to break above $2,500 could trigger another pullback toward the $2,300 level. The next few sessions will be crucial to determine whether ETH continues its breakout attempt or enters another phase of sideways consolidation amid broader market uncertainty. Featured image from Dall-E, chart from TradingView

Ethereum has experienced significant volatility in recent days, driven largely by escalating geopolitical tensions in the Middle East. After breaking down from the range that had held since early May, ETH fell sharply to $2,100, triggering widespread concern among investors. The breakdown was largely attributed to the market’s reaction to the US attack on Iranian nuclear facilities, which escalated the conflict between Israel and Iran. Related Reading: Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction However, markets quickly responded to positive developments. Ethereum rebounded strongly above the $2,400 level following reports that Iran and Israel had agreed to a ceasefire, temporarily easing global risk sentiment. This relief rally brought new optimism to the Ethereum market, especially amid signs of institutional confidence. According to data shared by top analyst Ted Pillows, a major whale or institutional entity purchased another $8.91 million worth of ETH, continuing an aggressive accumulation streak. Over the past three weeks, this same entity has reportedly bought $422 million in Ethereum, signaling strong conviction despite recent market stress. This wave of accumulation suggests that long-term players may view the current price zone as a key opportunity, reinforcing the idea that Ethereum could be building a base for its next major move once broader conditions stabilize. Ethereum Surges As Ceasefire Ignites Market Optimism Ethereum surged over 14% following reports of a ceasefire agreement between Israel and Iran, providing a much-needed relief rally after weeks of geopolitical tension and uncertainty. The news sparked a wave of bullish momentum across the market, with ETH rebounding sharply from recent lows near $2,100 to trade firmly above the $2,400 mark. Bulls, who had lost control amid panic selling, are now showing signs of strength as the market prepares for its next decisive move. Despite this rebound, caution remains. The broader macroeconomic environment continues to tighten, with rising concerns over a potential US recession, high Treasury yields, and sustained hawkishness from the Federal Reserve. These factors could weigh on risk assets in the weeks ahead, putting Ethereum’s rally to the test. Nonetheless, optimism is building, especially around the possibility of the long-awaited altseason—one that many believe will be led by Ethereum. Adding fuel to this narrative is the growing trend of whale accumulation. According to insights shared by analyst Ted Pillows, a major whale or institutional entity has just acquired another $8.91 million worth of ETH. This purchase adds to a staggering $422 million in Ethereum accumulated over the past three weeks. Such aggressive buying suggests that large players are positioning themselves for a major move ahead, likely expecting Ethereum to be at the forefront of the next market cycle. As ETH consolidates above key levels, the accumulation trend could act as a foundational force supporting higher prices, especially if macro and geopolitical risks stabilize. Related Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move ETH Reclaims $2,400 Following Sharp Rebound Ethereum has reclaimed the $2,400 level after a swift rebound from a breakdown near $2,100. The recent candle structure on the 3-day chart shows a strong wick to the downside, followed by a recovery, reflecting the impact of geopolitical developments, most notably the ceasefire between Iran and Israel. This bounce prevented a deeper selloff and has brought Ethereum back above a key psychological level. Looking at the chart, ETH remains under pressure from the 100-day and 200-day moving averages, currently acting as resistance around the $2,638 and $2,779 zones. Price also recently broke a short-term descending trendline and is now attempting to consolidate above it. This suggests the potential for a trend reversal if bulls can sustain momentum and push through the moving average cluster. Related Reading: Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106 Volume remains subdued but shows signs of recovery, signaling early interest returning after the fear-driven flush. A break and close above the $2,600 range would likely open the path to retest the $2,800 zone, which was a major supply area in previous months. Featured image from Dall-E, chart from TradingView

Ethereum has dropped 17% since Friday, breaking down from the long-standing range that held firm since early May. The sharp sell-off came after news broke of US airstrikes targeting Iranian nuclear facilities, sending shockwaves across global markets and sparking panic selling in risk assets. ETH was no exception, plunging below multiple support zones before finding a temporary floor at $2,100. Related Reading: Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106 This level served as a critical demand area, and Ethereum has since managed to bounce, offering bulls a glimmer of hope in an otherwise uncertain market. However, the breakdown of the previous trading range indicates that momentum has clearly shifted in favor of the bears. According to top analyst Ted Pillows, Ethereum must reclaim the top of the former range to signal that the downside move was a deviation rather than a full breakdown. As investors digest the growing geopolitical risk and continue to react to macroeconomic pressures such as persistent inflation and hawkish Federal Reserve policy, Ethereum’s path forward remains uncertain. Still, the bounce from $2,100 provides a chance for bulls to reestablish control—if they can push the price back above key resistance levels in the sessions ahead. Ethereum Holds Support But Bears Still in Control Recent price action has taken a heavy toll on altcoins, with Ethereum leading the downturn as most assets fall to lower demand levels. Since reaching its early June high, Ethereum has shed over 26% of its value, now trading under intense bearish pressure. Despite the decline, bulls have managed to defend the critical $2,100 support level, providing a temporary floor in an otherwise fragile environment. Geopolitical instability—particularly the escalating conflict between the US, Israel, and Iran—continues to add volatility and risk aversion to the market. Investors remain cautious, with the broader macroeconomic backdrop dominated by high US Treasury yields, stubborn inflation, and a hawkish Federal Reserve. These factors have put additional weight on the crypto sector, especially on Ethereum, which is widely seen as the main catalyst for a potential altseason that has yet to materialize. Ted Pillows notes that Ethereum recently tested the $2,100 support and successfully bounced. However, he emphasizes that the price must reclaim the top of its previous range to regain bullish momentum. If ETH fails to break and hold above the $2,350 range low, it risks a deeper move toward the start of the previous impulse leg—or worse. The coming days will be critical for Ethereum. Reclaiming lost levels would indicate strength and possibly kick off the long-awaited altcoin rotation. But continued rejection could signal more downside ahead, with sentiment already fragile and demand still lacking. Until clarity returns, Ethereum remains in a decisive phase where every candle matters. Related Reading: Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details ETH Price Analysis: Breakdown Below Key Structure Ethereum (ETH) has sharply declined, with the price now sitting around $2,248. This move marks a confirmed breakdown from the key range between $2,320 and $2,850, which had been holding since early May. The rejection from the upper resistance zone near $2,850, combined with high-volume selling, indicates clear bearish momentum. The current candle structure on the 3-day timeframe shows strong downward pressure, especially as ETH failed to hold above the 100-day and 200-day moving averages (currently at $2,638 and $2,776, respectively). These levels now act as dynamic resistance, adding more weight against any short-term bullish reversal attempts. ETH is also trading well below the 50-day moving average at $2,265, a level that has historically acted as a short-term directional signal. Unless price reclaims and consolidates above that zone, the bearish trend could continue toward the $2,000–$2,100 support cluster—an area that previously sparked buying interest during March’s recovery. Related Reading: Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates Volume has spiked significantly on this drop, suggesting panic selling rather than a controlled correction. For bulls to regain control, ETH must reclaim the range low at $2,320 quickly. Otherwise, downside pressure could continue to dominate in the near term. Featured image from Dall-E, chart from TradingView

Ethereum has officially broken below the long-standing range it had maintained since early May, losing the critical $2,320 support level. This breakdown was triggered by escalating geopolitical tensions, as news broke that the United States had launched attacks on Iranian nuclear facilities. The announcement sent shockwaves through global markets, sparking widespread risk-off behavior and panic selling across crypto. Ethereum, already trading near the bottom of its six-week consolidation range, quickly reacted with a sharp drop, dragging the broader altcoin market with it. Related Reading: Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why The move marks a critical shift in sentiment, as Ethereum now trades outside the range that had served as a battleground between bulls and bears for over a month. With volatility spiking and confidence shaken, traders are re-evaluating risk in light of escalating conflict in the Middle East and broader macroeconomic headwinds. According to top analyst Big Cheds, Ethereum’s weekly chart is now flirting with a potential tower top pattern completion — a bearish reversal structure that may signal further downside unless buyers reclaim key levels in the coming days. As the situation evolves, all eyes will remain on ETH’s ability to hold new support levels or risk further decline in a fragile market environment. Ethereum Slides 22% From June Highs – All Eyes On Weekly Structure Ethereum has lost over 22% of its value since peaking in early June, as global instability and heightened selling pressure weigh heavily on market sentiment. The asset has now broken below its six-week range, triggering concern among investors and adding to uncertainty across the broader crypto space. With rising tensions in the Middle East—particularly following US attacks on Iranian nuclear facilities—the market has entered a risk-off environment, dragging altcoins like Ethereum into deeper retracements. Despite the volatility, Ethereum remains at the center of investor focus, as many still expect it to lead the next altseason. However, with bulls losing control of key support zones, confidence in a near-term rally continues to waver. Analysts are now split: while some predict a deeper retracement toward the $2,000 region, others argue that Ethereum is nearing exhaustion on the downside and may soon recover. Big Cheds points to Ethereum’s weekly chart, where the price is currently flirting with a potential tower top pattern—a bearish reversal structure. If this pattern confirms, ETH may face another wave of downside before finding demand at lower supply levels. If buyers step in during this pivotal moment, a recovery from this structure could quickly follow. The coming sessions will be critical in determining whether this breakdown extends or turns into a fakeout with bullish continuation. For now, traders should remain cautious, as Ethereum’s next move could define the tone of the altcoin market heading into July. Related Reading: Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates Ethereum Breaks Down Below Support As Volatility Spikes Ethereum has officially broken below the $2,320 support level, signaling a shift in short-term market structure as shown in the 4-hour chart. After weeks of ranging between $2,320 and $2,650, ETH failed to reclaim its moving averages and lost bullish momentum. The price is now trading around $2,260, down sharply from its June highs near $2,900. This recent leg down follows a clean breakdown through the 50, 100, and 200-period SMAs, confirming a strong bearish momentum. Volume spikes accompanied the drop, suggesting panic selling likely triggered by geopolitical turmoil in the Middle East. The price broke down aggressively with little resistance, meaning previous demand zones have now become weak. If buyers fail to step in quickly, Ethereum may revisit earlier May support levels around $2,100 or even $2,000. Related Reading: Ethereum Charts Signal Potential Bottom – All Eyes On Next Move From a technical standpoint, the breakdown invalidates the previous consolidation range, opening the door for a possible extended correction. Until ETH reclaims $2,320 and stabilizes above its moving averages, the risk of continued downside remains high. Market participants should watch closely for volume shifts or bullish divergences, but for now, Ethereum remains under pressure as uncertainty continues to dominate the macro environment. The next few sessions will be crucial for price discovery. Featured image from Dall-E, chart from TradingView

Ethereum is once again trading at critical demand levels, testing the lower boundary of a six-week range that began forming in early May. After briefly climbing toward $2,800 earlier this month, ETH has retraced back to the $2,400 zone, reigniting debate about whether this is a healthy consolidation or a sign of further downside to come. Despite the pressure, Ethereum has not broken below this range, signaling that buyers continue to step in at these levels. Related Reading: Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why This extended consolidation period suggests a decisive move is nearing. Breakouts from tight ranges like this one often lead to strong directional momentum, and ETH’s current price structure could act as a launchpad—if bulls regain control. According to top analyst M-log1, Ethereum may have already bottomed during its most recent retrace, with the current action reflecting accumulation rather than weakness. The ETH/BTC ratio, another critical chart watched by traders, is also hovering near support levels, implying that a rotation back into altcoins may be imminent if Ethereum holds or pushes higher. For now, the market watches closely, as ETH’s next move could set the tone for broader altcoin performance in the weeks ahead. Ethereum Holds Range As Market Awaits Decisive Break Ethereum continues to trade within a tight consolidation range that began in early May, showing resilience despite growing global tensions and macroeconomic uncertainty. The price has hovered between $2,360 and $2,700, forming a narrow channel as buyers and sellers remain locked in a standoff. With conflicts in the Middle East intensifying and financial markets reacting to high interest rates and rising Treasury yields, crypto assets are under pressure, and Ethereum is no exception. The long-anticipated altseason has yet to materialize, and Ethereum is widely seen as the key to unlocking that next phase. ETH’s dominance in the smart contract and DeFi space gives it a central role in leading altcoin market momentum. Traders and analysts are closely monitoring its current range, especially after M-log1 shared analysis suggesting the recent low at $2,360 could mark a local bottom. According to M-log1, Ethereum is now consolidating just below the $2,450 level, and this zone could serve as a bullish trigger if reclaimed with strength. A decisive move in either direction will likely set the tone for the broader crypto market, with a breakout above $2,500 potentially igniting the next leg upward. Until then, market participants are watching closely. If ETH fails to hold these demand levels, the range could break to the downside, delaying any altseason rally further. But if bulls regain control and push above key resistance, it could signal the start of a much-anticipated upward move. In this environment of uncertainty, Ethereum’s next breakout-or breakdown—could prove pivotal for market sentiment heading into the second half of the year. Related Reading: Ethereum Prepares For A Decisive Move: ETH/BTC Setup Could Trigger Altseason ETH Tests Key Support As Price Retraces Ethereum is currently trading at $2,405, down 4.17% in the last session, after testing a low of $2,367. The chart reveals that ETH has retraced back to the lower boundary of a six-week range, confirming strong demand in the $2,360–$2,400 area. This zone has acted as a critical support level multiple times, with bulls stepping in each time to defend it. The price remains trapped below the 200-day moving average ($2,774), which has proven to be a strong resistance. Meanwhile, both the 50-day and 100-day moving averages are trending below price, currently sitting at $2,287 and $2,640, respectively, tightening the range even more. This compression typically leads to high volatility once a breakout occurs. Related Reading: Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point Volume has remained elevated during recent sessions, suggesting that buyers and sellers are actively competing for control. A decisive close below $2,360 could trigger a cascade toward $2,100 or lower. Conversely, if bulls manage to reclaim $2,500 and sustain momentum toward the $2,700–$2,800 resistance band, it may set the stage for a breakout. Featured image from Dall-E, chart from TradingView

Ethereum is approaching a critical test as price action tightens, setting the stage for a decisive move above key demand. After weeks of volatile yet controlled trading, bulls are attempting to reclaim higher ground, but momentum remains limited. At the same time, bears have repeatedly failed to drive ETH below the $2,400 level, reinforcing it as a strong support zone for now. With global markets under pressure from geopolitical tensions and macro uncertainty, Ethereum’s next move could define the direction of the broader altcoin market. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent Top analyst M-log1 believes the ETH/BTC pair is the most important chart to monitor in the coming days. According to his view, a breakout—either to the upside or downside—will determine the fate of altcoins across the board. The setup has reached an inflection point after multiple tests of the lower support band, with bulls continuing to defend it against breakdown attempts. This consolidation phase, combined with suppressed volatility and rising macro tension, makes Ethereum’s current structure one of the most significant technical formations in crypto right now. All eyes are now on ETH/BTC as traders prepare for what could be a defining moment in the altcoin cycle. Ethereum Builds Pressure As Breakout Nears Ethereum continues to trade within a narrow range that began in early May, hovering between the $2,400 and $2,800 levels. This prolonged consolidation comes at a time of growing geopolitical instability, as the conflict in the Middle East escalates and macroeconomic uncertainty grips global markets. While many investors had anticipated an altseason by now, that rotation of capital into altcoins has yet to materialize. All eyes remain on Ethereum to serve as the catalyst for that next leg higher. M-log1 believes the ETH/BTC pair holds the most important signal in the coming days. “This is probably the most important chart you want to keep an eye on,” he stated, highlighting that whichever direction ETH/BTC breaks could determine the fate of the altcoin market. The chart has repeatedly tested the lower support range, with bulls successfully defending that level on at least eight occasions. According to M-log1, this persistent defense suggests that bears are losing momentum, and a breakout to the upside is more likely. “I am 80/20 in favor of the upside,” he said, citing the market’s inability to break lower as a sign of underlying strength. Related Reading: Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point ETH Tests Weekly Moving Averages Ethereum (ETH) is currently trading at $2,550, maintaining its position above all major weekly moving averages—50, 100, and 200. This level marks a key technical pivot as price consolidates between $2,450 and $2,680 after a strong recovery from its April low near $1,500. Despite multiple attempts to break higher, ETH continues to face resistance just below the $2,700 mark, showing that sellers remain active near historical supply zones. Importantly, the recent weekly candles have held the 100-week and 200-week simple moving averages as support. This indicates structural strength, especially considering the broader macro uncertainty driven by Middle East tensions and tighter U.S. monetary policy. Volume remains steady, with no signs of panic selling, further supporting the idea that ETH is stabilizing. Related Reading: Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet The current compression in price around key moving averages typically precedes a larger directional move. A confirmed weekly close above $2,700 could open the door to a rapid push toward the psychological $3,000 level. Conversely, losing the $2,400 support would likely trigger a short-term correction back toward the 50-week SMA near $2,289. Featured image from Dall-E, chart from TradingView

Ethereum is currently facing a pivotal moment as it continues to consolidate below the $3,000 level. Bulls are targeting a breakout above this key resistance zone, which could trigger a major upward move. However, broader market conditions remain fragile. Geopolitical tensions—particularly the ongoing conflict between Israel and Iran—continue to create a high-risk macroeconomic environment, leading to increased volatility and intermittent selling pressure across risk assets. Related Reading: Tron Shows Real Growth: Transaction Volume Soars While Success Rate Stays Above 96% Despite these challenges, ETH has shown resilience by holding above the $2,500 support zone. The price has remained locked in a narrow trading range for weeks, reflecting market indecision and caution among participants. According to a technical analysis shared by top analyst Daan, Ethereum continues to trade within this very tight range, with price wicks on both sides consistently getting absorbed. This type of price action signals growing compression, often a precursor to a strong directional move once one side gives in. Traders are now closely monitoring the structure for a higher timeframe close above $2,800, which could validate bullish momentum and open the path toward $3,000 and beyond. Until then, the market appears balanced, and any shift in geopolitical developments may quickly tilt sentiment in either direction. Ethereum Prepares For Breakout as Market Awaits Confirmation Ethereum remains over 60% below its 2024 high of $4,100, but the asset is showing signs of recovery after months of downward pressure and indecision. Bulls have struggled to regain control throughout the year, but recent price action indicates the start of a potential rally. This recovery, however, remains tentative and will require confirmation through a higher timeframe close above critical resistance levels, particularly the $2,800–$3,000 range. The broader environment continues to weigh heavily on sentiment. Escalating geopolitical tensions in the Middle East, coupled with macroeconomic uncertainty—including rising U.S. Treasury yields and concerns about inflation—are creating headwinds for risk assets, Ethereum included. Despite this, ETH has managed to hold key support above the $2,500 level, a sign that bulls are defending their ground. According to technical analysis shared by analyst Daan, Ethereum is currently trading within a very tight range, with price wicks on both sides being consistently absorbed. This type of compression typically signals an incoming surge in volatility. Daan notes that once one side gives in, the resulting move often becomes explosive and sustained. The current range-bound action reflects equilibrium between buyers and sellers, but that balance won’t last forever. Traders are watching closely for a decisive higher timeframe close above resistance—or below support—as confirmation of the next trend direction. With ETH positioned near major technical zones, a breakout could lead to significant momentum, potentially bringing Ethereum closer to reclaiming the psychological $3,000 mark and reigniting a push toward cycle highs. Until then, the market remains in a wait-and-see mode. Related Reading: Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet Ethereum Continues Range-Bound Trading As Key Support Holds Ethereum (ETH) remains locked in a tight range between approximately $2,500 and $2,800, showing little directional clarity over the past several weeks. The chart above (12-hour timeframe) reflects persistent consolidation with multiple wicks on both ends of the candles, indicating absorption of both bullish and bearish momentum. This suggests that neither buyers nor sellers have taken firm control. ETH currently trades near $2,540 and is holding above the 100-period simple moving average (SMA), which is acting as short-term support. The 50 SMA has flattened, further reinforcing the sideways nature of the price action. Volume has also tapered off, typical in compression phases that often precede strong breakouts or breakdowns. If ETH fails to reclaim the $2,675–$2,800 resistance zone, the 200 SMA near $2,117 may become relevant as a deeper support target. However, as long as ETH maintains price action above $2,500, bulls are still in play. Related Reading: Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack The structure suggests that Ethereum is building energy for a decisive move. A higher timeframe close above $2,800 could trigger a new leg up toward $3,000 and beyond. Conversely, a break below $2,500 could lead to renewed bearish pressure. For now, traders are watching for breakout confirmation. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain indicators suggest a contrasting narrative of growing investor conviction. According to insights shared by on-chain analyst OnChainSchool via CryptoQuant’s QuickTake platform, Ethereum has set a new record in staking activity. In the first half of June alone, more than 500,000 ETH were staked, pushing the total locked amount to over 35 million ETH. This growth in staked ETH not only reflects rising validator participation but also contributes to reducing the circulating supply, a dynamic that may influence future price movements. The report also highlights a rise in accumulation addresses, wallets that have received ETH but have never transferred any out. These addresses now collectively hold 22.8 million ETH, another all-time high. This trend is often interpreted as a sign of long-term holding behavior and suggests that certain investor cohorts are positioning themselves for future price appreciation rather than short-term gains. Taken together, the record levels of staking and accumulation point toward an increasingly illiquid supply, which, if demand increases, could amplify upward price pressure. Ethereum Hits ATH in Staking: Over 35 Million ETH Locked “Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH.” – By @onchainschool Read more ⤵️https://t.co/WYoX9qpODZ pic.twitter.com/6MAlK0sCfJ — CryptoQuant.com (@cryptoquant_com) June 17, 2025 A Technical Look: Price Explosion on the Horizon? In addition to the on-chain data, market participants are also analyzing Ethereum from a technical perspective. A crypto analyst on X operating under the pseudonym “Bitcoinsensus” has drawn attention to a multi-year “bullish flag” pattern forming on ETH charts since 2021. A bullish flag is a technical chart formation that typically follows a strong price move upward, marked by a period of consolidation in a downward-sloping channel. If the asset breaks out of the flag to the upside, it can signal a continuation of the prior bullish trend. Related Reading: Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels Bitcoinsensus suggests that if the pattern completes, Ethereum could target a move toward the $8,000 range. This potential breakout would depend on several factors, including macroeconomic sentiment, ETF flows, and on-chain fundamentals. Featured image created with DALL-E, Chart from TradingView

Ethereum has faced intense volatility in recent days as escalating tensions between Israel and Iran continue to rattle global markets. Despite the uncertainty, ETH remains resilient above the $2,500 level, signaling ongoing strength among bulls. However, Ethereum now trades just below a critical resistance level at $2,675 — a zone that has acted as a barrier several times over the past few weeks. A breakout above this mark could trigger renewed upside momentum and set the stage for a rally toward $3,000. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Market participants remain divided on Ethereum’s short-term direction, but the technical landscape offers a potentially bullish clue. According to top analyst Ted Pillows, Ethereum is on the verge of completing a golden cross — a chart pattern where the 50-day moving average crosses above the 200-day moving average. Historically, this signal has preceded strong upward trends in ETH, with the last golden cross resulting in a 35% surge over the following weeks. As Ethereum hovers in a tight range, traders are closely watching this setup. If bulls manage to reclaim $2,675 and the golden cross confirms, Ethereum could enter a powerful breakout phase, potentially sparking broader optimism across the altcoin market. Ethereum Prepares For A Breakout As Bulls Hold Support Ethereum is facing a decisive moment as it continues to trade within a range that has persisted for more than six weeks. The current price structure reflects growing indecision among market participants, largely driven by geopolitical uncertainty stemming from the escalating conflict between Israel and Iran. This macro backdrop has injected volatility across financial markets, and Ethereum has not been immune. While price action remains contained, ETH bulls are showing resilience by defending the $2,500 level — a crucial zone that has repeatedly served as support during the past month. However, to regain momentum, Ethereum must break above the $2,750–$2,800 resistance area, which has proven to be a major barrier since early May. This range remains the threshold separating consolidation from a full bullish breakout. A reclaim of this level would likely trigger a wave of buying, as it would mark the end of the current sideways phase and possibly initiate a fresh trend toward the $3,000 mark. Adding to the bullish thesis, Ted Pillows highlights that a golden cross is approaching on Ethereum’s moving averages. This occurs when the 50-day moving average crosses above the 200-day moving average — a technical signal often associated with trend reversals and sustained upward moves. The last time this setup formed, Ethereum surged over 35% in just a few weeks. With ETH hovering just beneath key resistance and macro conditions remaining uncertain, the coming days may determine whether the golden cross will serve as a launchpad for a major rally. If bulls hold $2,500 and reclaim $2,800, Ethereum could be preparing for a significant breakout, potentially igniting momentum across the altcoin sector. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Holds Support But Struggles With Resistance Ethereum (ETH) is showing resilience as it continues to trade above the $2,500 mark, but price action on the 4-hour chart reveals persistent difficulty in breaking through the $2,675–$2,700 resistance zone. This area, highlighted on the chart, has acted as a rejection zone multiple times since early June, capping bullish attempts to break out of the current range. Price recently tapped this resistance area again but failed to sustain momentum, resulting in a pullback toward the 200 EMA and 200 SMA, currently acting as near-term support around $2,575. ETH now hovers slightly above that level, and bulls must defend this zone to avoid slipping into lower support near $2,500. The pattern shows continued consolidation between a clearly defined support and resistance band, with the 50 and 100 moving averages flattening — a sign of market indecision. Volume has also declined slightly, reinforcing the idea that the market is waiting for a catalyst. Related Reading: Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details If ETH can reclaim $2,675 with conviction and follow through above $2,700, a rally toward the $2,850–$3,000 zone could develop. Until then, this tight range may continue. Holding the current support is crucial to avoid testing lower levels near $2,400, which could shift sentiment bearish. Featured image from Dall-E, chart from TradingView

Ethereum has remained in a volatile consolidation phase, trading between the $2,400 and $2,800 levels as geopolitical tensions weigh heavily on global markets. After last week’s failed breakout above resistance, ETH has retraced yet again, struggling to build sustained momentum. The ongoing conflict between Israel and Iran has intensified market uncertainty, contributing to spikes in volatility across risk assets, including cryptocurrencies. Related Reading: Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details Despite the macro headwinds, Ethereum bulls continue to defend key support levels, preventing a deeper breakdown. The $2,400 zone has acted as a strong floor in recent weeks, absorbing sell pressure and keeping ETH within its current trading range. Meanwhile, the $2,800 resistance remains the major hurdle to reclaim for a bullish breakout scenario. Top analyst Jelle shared a technical outlook suggesting that Ethereum is still consolidating below a key resistance area. This structure indicates that ETH is coiling before its next major move. The window for a potential breakout narrows as price tightens within this established range. Ethereum Prepares To Move Ethereum has pushed into a critical price zone, with bulls attempting to hold the $2,600–$2,700 range after recent volatility. The asset has shown resilience, rebounding from last week’s lows and re-entering the mid-range of its multi-week consolidation. With price action once again approaching the $2,800 resistance level, market participants are eyeing a potential breakout that could open the door to $3,000 and beyond. Analysts remain divided. On one side, bullish momentum and improving market sentiment suggest ETH is preparing for a larger move. A confirmed breakout above $2,800 would likely trigger aggressive buying and initiate a broader altcoin rally. Many investors are positioning themselves in anticipation of a rotation from Bitcoin into high-beta assets like Ethereum, hoping to ride the next phase of the cycle. On the other side, caution persists. Some technical analysts argue that Ethereum may still be at risk of losing steam, especially if the price gets rejected again at resistance. A failure to maintain the current range could result in a retracement toward $2,400 support or even lower, shaking out weak hands. According to a recent technical update from Jelle, Ethereum remains locked in consolidation just below its key resistance zone. The analysis points to a tightening structure where the window of opportunity is closing. If ETH breaks above this zone, it could ignite fireworks across the altcoin market. With global uncertainty still present and traders closely watching resistance levels, Ethereum’s next move could define the pace of the broader market. Whether it’s a breakout or a breakdown, the coming days are likely to be pivotal. Related Reading: Bitcoin Tests Critical $104K Support – Eyes On $97K If It Breaks ETH Price Action: Technical Details Ethereum is currently trading at $2,606, maintaining a tight consolidation range between $2,400 and $2,800 as shown in the 12-hour chart. After multiple rejections around the $2,800 zone, the asset is struggling to break through this resistance level decisively. Despite the volatility triggered by macroeconomic uncertainty and Middle East conflict, ETH has managed to defend the $2,500 area, supported by a rising 100-period moving average. The recent bounce from the lower end of the range suggests that bulls are still active, stepping in to defend critical structure. However, volume remains relatively muted, indicating that buyers are cautious and awaiting confirmation before initiating larger positions. Meanwhile, the 50-period moving average remains above the 200-period MA, hinting at a medium-term bullish bias if support continues to hold. Related Reading: Ethereum Holds $2,500 Support – History Signals $4,000 As Potential Target The yellow horizontal zone marks the key resistance Ethereum must clear to trigger a sustained move higher, with a clean break above $2,800 likely igniting upside momentum toward $3,000. If the range breaks to the downside, the $2,400 zone is the next level to watch for demand. Featured image from Dall-E, chart from TradingView

Ethereum is holding strong despite a week filled with extreme volatility and heightened geopolitical tensions. Following escalations in the Middle East, with conflict between Israel and Iran fueling global market uncertainty, ETH managed to maintain its critical price range. After briefly dipping earlier in the week, Ethereum has reclaimed momentum and is now trading around crucial levels that could define the next move for the broader altcoin market. Related Reading: Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details Top analyst Ted Pillows shared a technical outlook suggesting that the bullish scenario remains intact for Ethereum. According to his analysis, ETH is successfully holding its range structure, a key signal that buyers are still in control. This stability at current levels offers confidence to investors watching for a breakout that could lead to a broader altcoin rally. With the macro backdrop still fragile due to rising US Treasury yields and global conflict, Ethereum’s ability to sustain its structure is a sign of relative strength. While the path ahead remains uncertain, all eyes are now on Ethereum’s ability to hold these levels and break through resistance zones. If it does, it could be the trigger needed for renewed momentum in the altcoin market. Ethereum Holds the Line as Bulls Target Breakout Ethereum has gained over 7% since last Friday, recovering from recent lows triggered by macroeconomic pressures and geopolitical instability. The bounce reignited optimism across the market, but price action continues to face a tough challenge at key resistance levels. ETH briefly broke above the $2,800 mark last week, a level that many analysts viewed as a gateway to a broader rally. However, the move lacked follow-through, and Ethereum quickly slipped back below that level, suggesting a lack of conviction or the presence of heavy overhead supply. This divergence in momentum has split analyst opinion. Some argue that Ethereum’s breakout could still ignite a new altcoin season, with ETH leading the charge. Others caution that the repeated failure to sustain higher levels might indicate weakness, and warn that a breakdown below the current range could send Ethereum toward the $2,500 zone or lower. Still, Ted Pillows believes the overall structure remains bullish. His latest analysis emphasizes that the scenario is unchanged: as long as ETH holds the range low as support, the market remains intact and poised to move higher. This support zone has repeatedly acted as a floor for ETH since early May. Ultimately, the next move will be decisive. Ethereum’s ability to hold the range and reclaim $2,800 could pave the way toward $3,000 and beyond. But failure to defend support may increase selling pressure and shift market sentiment. For now, the battle between bulls and bears continues, with Ethereum’s structure offering hope to those betting on an upside breakout. Related Reading: Bitcoin Tests Critical $104K Support – Eyes On $97K If It Breaks ETH Price Analysis: Key Levels To Watch Ethereum (ETH) continues to trade within a defined range after another failed attempt to break above the $2,800 resistance. According to the chart, ETH is currently priced at $2,626.98, down 0.09% on the 4-hour timeframe. Price action shows strong wicks near the resistance zone, suggesting rejection at the upper boundary around $2,770–$2,800, while buyers stepped in as soon as ETH approached the confluence of the 50, 100, and 200 moving averages between $2,576 and $2,619. This range, which has been developing since early May, remains intact. The chart highlights that ETH has respected the $2,580–$2,620 zone as support, confirming this as the lower bound of the range. As long as ETH holds above this level, bulls are likely to remain in control. However, a failure to reclaim the resistance zone with conviction could lead to another pullback. Related Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout? Volume has slightly picked up near support, signaling buyer interest, but the lack of follow-through near the highs keeps ETH stuck within its range. A breakout above $2,800 with strong volume could be the catalyst for a broader altcoin rally. Until then, Ethereum remains in consolidation, with bulls and bears locked in a battle around key levels. Featured image from Dall-E, chart from TradingView

Ethereum is trading at a critical juncture after intense volatility rocked the broader market following renewed conflict in the Middle East. After pushing above the $2,800 resistance earlier this week, ETH bulls appeared to regain control. However, the price action failed to hold above that level, pulling back sharply and signaling hesitation among market participants. Related Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout? This retracement comes as macroeconomic and geopolitical tensions rise, particularly after Israel’s strike on Iran triggered widespread risk-off sentiment across global assets. Ethereum, often seen as a high-beta asset, has not been immune to the turbulence. Despite this, it continues to hover near important technical zones, maintaining the potential for a larger move in either direction. Top analyst Big Cheds weighed in on the situation, highlighting a notable technical pattern: ETH is flexing another small body with an upper shadow on the weekly chart. This suggests indecision and potential weakness at the top, although the structure is not yet fully compromised. The next few daily candles could be pivotal in defining Ethereum’s short-term trend. Bulls must reclaim $2,800 with conviction to re-establish momentum, while further downside could open the door for a deeper correction toward previous consolidation zones. Ethereum Holds Range As Market Awaits Next Move Ethereum has lost over 15% since last Wednesday, retracing from local highs near $2,830 and falling back into the trading range that has held since early May. Despite the drop, ETH remains structurally intact, still respecting the broader consolidation zone. However, price action continues to stall below the $2,770 resistance, keeping traders and analysts split on the next move. Some market participants believe Ethereum could ignite the next altcoin season if it manages to break above its current range with conviction. A decisive close above $2,800 could reestablish bullish momentum and signal capital rotation from Bitcoin into ETH and broader altcoins. Others remain cautious, pointing to weakening momentum, global instability, and a failure to sustain support as early warning signs of a potential breakdown below the $2,500–$2,550 area. Adding to the analysis, Cheds shared a technical perspective showing that Ethereum’s weekly chart is printing yet another small-bodied candle with an upper shadow. This structure is consistent with what he sees as a “pre-tower top” setup — a pattern that often precedes heightened volatility or a reversal. It highlights the market’s current hesitation and the ongoing battle between buyers and sellers. Macroeconomic conditions are not helping either. Rising US Treasury yields continue to pressure risk assets, while ongoing geopolitical turmoil—especially the escalating conflict between Israel and Iran—adds another layer of volatility and fear across financial markets. Related Reading: Ethereum Holds $2,500 Support – History Signals $4,000 As Potential Target ETH Struggles To Hold Breakout Ethereum is trading at a critical juncture after failing to hold the breakout above the $2,770 level. The chart shows ETH slipping back into its prior range, with price now testing support around $2,530 after a sharp intraday decline. This move follows a failed breakout attempt, as the price was rejected near the 200-day moving average, currently acting as dynamic resistance just below $2,650. The volume spike on the recent sell-off confirms strong bearish interest, increasing downside pressure. ETH is now sitting close to the lower end of a trading range that has persisted since early May. A decisive break below $2,500 could open the door for a drop toward the 50-day moving average near $2,380. This would put Ethereum on a path to retest earlier consolidation levels. Related Reading: Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus On the upside, bulls must reclaim the $2,650–$2,770 resistance zone and establish a higher low to revive bullish momentum. Failing to do so will likely keep Ethereum range-bound or push it lower amid ongoing macroeconomic and geopolitical uncertainty. Featured image from Dall-E, chart from TradingView

Ethereum is trading at a critical level as tensions in the Middle East escalate following fresh conflict between Israel and Iran. Despite the rising global uncertainty, ETH continues to show resilience, holding firmly above the $2,500 support zone. Bulls remain in control for now, but selling pressure is building as bears attempt to push the price below the current range. Market sentiment is cautiously optimistic, with investors closely watching for any sign of breakdown or breakout. Related Reading: Solana Approaches Critical Support Amid Middle East Conflicts – Can Demand Hold? Top analyst Rekt Capital recently shared a technical analysis highlighting Ethereum’s ability to maintain $2,500 as a support level despite the recent dip. Historically, this price level has acted as a strong foundation for rallies to $4,000, including significant moves in August 2021 and early 2024. If ETH can continue defending this zone, it may signal that bulls are ready to build momentum toward a new leg up, possibly triggering broader altcoin strength. However, with rising geopolitical risks and increased volatility across risk assets, Ethereum faces a true test of strength. If this level holds, it may mark the start of Ethereum’s next significant move. Will history repeat itself, or are further corrections ahead? Ethereum Faces Pressure But Holds Critical Support Zone Ethereum has dropped over 14% since Wednesday, sparking widespread fear and uncertainty among traders and long-term holders alike. Just days ago, sentiment was overwhelmingly bullish, with many investors expecting ETH to break above the $3,000 level and confirm a broader altcoin rally. However, geopolitical instability has disrupted market momentum. On Thursday, news of Israel’s attacks on Iran and subsequent retaliations sent shockwaves across global markets, triggering a sharp risk-off reaction and a spike in volatility across crypto assets. Despite the intense selling pressure, Ethereum is showing resilience. Rekt Capital shared a technical breakdown pointing out that ETH continues to hold the $2,500 level as key support. This isn’t the first time ETH has used $2,500 as a launchpad—historical patterns from August 2021 and early 2024 show that maintaining this level has led to rallies toward $4,000. According to Rekt, Ethereum must continue demonstrating stability around this zone to avoid a deeper retrace and keep bullish momentum alive. For the past five weeks, ETH has successfully defended the $2,500 region, forming a solid base of support despite repeated tests. Whether Ethereum can hold this ground once again will likely define the direction for altcoins and set the tone for the broader crypto market in the weeks ahead. Related Reading: Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus ETH Holds Support After Rejection At Range Highs Ethereum is trading at $2,556 following a sharp rejection from the $2,830 level earlier this week. As seen on the daily chart, ETH remains locked within a multi-week range between roughly $2,500 and $2,830. Despite the recent volatility driven by geopolitical tensions, Ethereum has managed to hold above the 50-day and 100-day moving averages, both of which are currently sloping upward — a positive sign for momentum. The red 200-day moving average, located around $2,642, has acted as a firm resistance barrier. ETH briefly broke above this level but failed to close above it with strength, leading to a retracement. Volume has spiked during these recent sessions, reflecting growing interest and emotional price reactions amid the Israel-Iran conflict. Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally A key area to watch is the $2,500–$2,520 support zone. This range has acted as a floor multiple times and could serve as a launchpad if bulls regain control. Conversely, a clean break below $2,500 could shift sentiment bearish and open a path toward $2,300. Featured image from Dall-E, chart from TradingView

Ethereum faced intense selling pressure earlier today as geopolitical tensions flared following Israel’s attack on Iran, shaking global markets and triggering risk-off behavior across crypto. The sudden spike in volatility pushed Ethereum away from its recent highs, as it retraced after failing to break above the critical $3,000 resistance level. This marks a pivotal moment for ETH, which had shown strong momentum in recent sessions before being hit by the broader market downturn. Related Reading: Ethereum Repeats History – Key Support Holds Again Ahead Of Potential Rally Despite the sharp correction, top analyst Quinten Francois remains optimistic. He pointed to the ETH/BTC pair, which continues to look strong relative to other assets. According to Francois, this pair is currently testing the support line of an ascending triangle—a pattern that often precedes a breakout to the upside if support holds. With Bitcoin holding near its range highs, Ethereum’s performance against BTC could serve as a leading indicator for the broader altcoin market. Now, Ethereum stands at a crossroads. A bounce from current levels could renew bullish momentum and re-establish the $2,800–$3,000 range as the launchpad for higher prices. But failure to hold support may trigger another wave of downside pressure. All eyes are on ETH/BTC as markets brace for what comes next. Ethereum Holds Key Level Against BTC Ethereum has been leading the crypto market with impressive strength since April, posting a remarkable surge of over 100% from its lows near $1,400. This steep recovery highlights Ethereum’s growing momentum, positioning it as a potential frontrunner in triggering the next altseason. The asset’s consistent performance above key support levels and its resilience during market dips have renewed bullish sentiment, with traders increasingly focusing on ETH as the key asset to watch. Many analysts believe Ethereum could be the spark that reignites capital rotation into altcoins. Its breakout from a month-long range, combined with increasing DeFi activity and improving on-chain metrics, has added to the bullish case. However, caution remains. Ongoing geopolitical tensions—particularly the recent escalation between Israel and Iran—are injecting volatility into global markets, including crypto. These developments have disrupted otherwise promising technical setups across the board, leading to uncertainty and risk-off sentiment. Quinten Francois commented on the current climate, noting that “some charts don’t look good, others are holding on by a thread.” However, he singled out the ETH/BTC pair as a relative strength signal, stating that it “still looks good.” This pair is currently testing the support line of an ascending triangle—a structure that, if defended, could pave the way for a continuation of ETH’s dominance over Bitcoin. In this environment, Ethereum’s performance—especially relative to BTC—could determine the broader market’s next phase. If ETH/BTC holds and breaks higher, the door opens for a full altseason run. But a failure to hold could reinforce caution and signal a pause across the crypto market. For now, Ethereum remains the most important chart to watch. Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? ETH Faces Sharp Rejection After Tagging Range Highs Ethereum is facing a crucial technical test after a strong rejection near the $2,830 resistance level. The chart shows ETH failing to hold above the highlighted supply zone between $2,700 and $2,830, where sellers stepped in aggressively. This resulted in a sharp breakdown that sliced through the 50, 100, and 200 simple moving averages (SMAs) on the 4-hour timeframe, now positioning ETH around $2,512. What’s more concerning is the spike in volume during the breakdown. This confirms the strength behind the move, signaling panic among bulls and potential distribution by short-term holders. ETH is now holding just above a previous support zone from early June, but the current setup suggests uncertainty and risk of further downside. Related Reading: Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown? Unless Ethereum can reclaim the $2,600–$2,620 area soon, the next likely target could be the $2,400 level, where the next strong demand cluster sits. However, if bulls defend current prices and manage a quick recovery back above the SMAs, this recent move could be interpreted as a liquidity sweep before continuation. Featured image from Dall-E, chart from TradingView

Ethereum is at a critical juncture after breaking above key resistance but failing to sustain momentum toward the psychological $3,000 level. The recent surge brought optimism to the market, yet ETH has now pulled back slightly, struggling to extend gains as global uncertainty weighs on sentiment. With macro pressures mounting and negotiations between the US and China over a potential trade deal in focus, the broader market appears to be awaiting clarity before making its next decisive move. Related Reading: Solana Forms Higher Low: Charging Toward Range Highs? Top analyst Rekt Capital offered historical context to Ethereum’s current setup, pointing to two previous cycles where ETH successfully retested the $2,500 level before launching toward $4,000. In August 2021 and again in early 2024, ETH held $2,500 as strong support (green circles), acting as the foundation for a major breakout rally. This repeating pattern has investors now eyeing the same level with growing interest. As Ethereum trades near $2,750–$2,800, the coming days could determine whether this current setup mirrors past bullish cycles—or if momentum fades again. With strong support beneath and a clear historical roadmap above, ETH’s ability to reclaim strength could trigger the next leg in what many believe may be the start of altseason. Ethereum Echoes Past Patterns Ahead Of Potential Breakout Ethereum has rallied over 100% since its April lows, showcasing powerful momentum and heightened activity at current levels. After briefly tapping a local high near $2,830, ETH has retraced slightly but remains firmly above the $2,750 mark—a key area that now acts as short-term support. The strength of this rebound is fueling growing speculation that Ethereum may not only be preparing for another leg up but also setting the tone for a broader altseason. Analysts across the board are closely watching ETH’s current consolidation, with many citing historical patterns as a reason for optimism. Notably, Rekt Capital highlighted a recurring pattern that has previously led to significant rallies. In August 2021, Ethereum successfully retested the $2,500 level as support before surging to approximately $4,000. The same thing occurred in early 2024, when ETH once again bounced from $2,500 and rallied to the same zone. Now, for the past five weeks, Ethereum has repeatedly confirmed the $2,500 level as solid support, forming what appears to be a textbook foundation for another major move. This accumulation phase—mirroring past cycles—has many traders confident that ETH could soon reclaim $3,000 and begin leading altcoins higher. With macro conditions still uncertain and market participants looking for signals of strength, Ethereum’s behavior at these levels carries added significance. If ETH can maintain its position above $2,750 and build momentum through $2,830, the market could see an explosive shift in sentiment, potentially triggering the next phase of the bull cycle. For now, all eyes remain on Ethereum as it tests the top of its multi-week range with bullish conviction. Related Reading: Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown? ETH Holds Above Breakout Zone After $2,830 Rejection Ethereum is currently trading at $2,749 on the 4-hour chart, holding above a key breakout zone between $2,700 and $2,740 following a brief rejection at $2,830. After breaking above this multi-week resistance last week, ETH surged into higher territory before pulling back in the last few sessions. Despite this retrace, the price has so far maintained support above the previous resistance area, now acting as a strong demand zone. This range—highlighted by the yellow box on the chart—served as a ceiling for nearly a month before being flipped into support during the breakout. Ethereum is now consolidating right above this area, and as long as it remains above the 50 and 100 simple moving averages (SMAs), the bullish structure is intact. Volume has started to cool off slightly, suggesting that traders are waiting for a decisive move—either a bounce toward $2,800–$2,900 or a breakdown back below $2,700. Related Reading: Ethereum Still Rangebound Below $2,735 Level – No Clear Breakout Yet A successful hold of this support zone could confirm the retest and build momentum for another breakout attempt. However, failure to hold $2,700 could see ETH revisit the 200 SMA around $2,570. For now, Ethereum remains technically strong, but traders are watching closely for confirmation. Featured image from Dall-E, chart from TradingView