Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.” Featured image from Dall.E, chart from TradingView.com
Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. Related Reading: Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com
The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement. Ethereum Price Eyes A $3,300 Breakout The Ethereum price action is drawing attention as it continues to trade within a well-defined consolidation range, hovering near $2,555 at the time of writing. Based on a recently released technical analysis by crypto analyst Pentoshi on X social media, ETH could be on the verge of a significant move, with $3,300 marked as the next bullish target in the near term. Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The crypto expert’s chart reveals that since early May 2025, Ethereum has been locked between two key levels—a support zone around $2,190 and resistance near $2,750. This range has remained intact for over eight weeks, signaling a period of accumulation and low volatility after the sharp decline experienced in the first quarter of the year. Pentoshi has pinpointed $2,100 as the key downside risk in his bullish outlook, aligning closely with the lower support zone marked on the chart. While the next bullish extension and major resistance level has been identified as $3,300, the analyst expects Ethereum to make a move toward this price level within the next three months. He suggests that the current setup offers a favorable risk-reward profile, estimating a potential upside of roughly 3.2x compared to the downside risk. Analyst Calls Ethereum A “Powder Keg” In other news, Eric Conner refers to Ethereum as a “powder keg,” highlighting a growing convergence of fundamental factors that are building up pressure and positioning the cryptocurrency for a potentially parabolic move in the market. Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analyst reports that Stablecoin activity on Ethereum has reached historic highs, with the total market capitalization of on-chain dollar-denominated assets hitting $251 billion—a record that also marks 21 consecutive months of uninterrupted growth. In parallel, Ethereum Spot ETFs have brought in $1.17 billion in net inflows during June alone, marking a major shift in investors’ appetite for ETH exposure. Even more notable, the amount of Ethereum available for trading is now at its lowest level in nearly a decade, with only nine million ETH tokens on centralized crypto exchanges. This nine-year low in exchange balances signals a drying float, where any fresh demand has an outsized impact on price. Conner has stated that large-scale crypto investors are beginning to take note. He reports that wallets holding between 1,000 and 10,000 ETH have accumulated more than 800,000 tokens daily during the peak week in June, marking the most aggressive absorption by whales since 2017. Currently, price action mirrors tension, and the analyst warns that if Ethereum decisively clears the $2,600 resistance level, the combination of supply scarcity, ETF-driven demand, and explosive stablecoin usage could unleash a violent and rapid breakout. Featured image from iStock, chart from Tradingview.com
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
Coinbase's Layer 2 solution, Base, has experienced a net outflow of $4.3 billion this year, reversing its previous position as a top performer.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. spot Bitcoin ETFs notched up another $1 billion worth of net inflows over the past two days to approach $50 billion to date.
Ethereum price started a fresh increase above the $2,450 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,575 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,450 zone, like Bitcoin. ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the $2,620 resistance. However, there was no upside extension. A high was formed near $2,636 and the price corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the $2,373 swing low to the $2,636 high. Ethereum price is now trading above $2,560 and the 100-hourly Simple Moving Average. Besides, there is a short-term rising channel forming with support at $2,570 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,625 level. The next key resistance is near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,570 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,620
Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain analysis reveals that both accumulation addresses and liquid staking volume are approaching all-time highs (ATH), fueling optimism that ETH’s price may soon follow. Ethereum Liquid Staking, Accumulation Addresses Nearing Historic Highs According to a recent CryptoQuant Quicktake post by contributor Carmelo_Aleman, Ethereum’s liquid staking activity has seen a notable increase since June 1. The total amount of ETH staked rose from 34.54 million to 35.52 million by June 30 – an increase of nearly one million ETH in just one month. Related Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch As of July 1, ETH set a new record in liquid staking, reaching 35.56 million ETH. A closer look suggests that most accumulation addresses are linked to institutional investors, exchange-traded funds (ETFs), and other large holders. Many of these investors choose to earn yield through liquid staking while waiting for substantial price appreciation. Among the biggest beneficiaries of this trend are decentralized finance (DeFi) protocols like Lido and Binance Liquid Staking, known for their scale and investor-friendly features. In addition to the rise in liquid staking, ETH accumulation addresses are also nearing record highs. As shown in the following ETH Cohort Study chart, these addresses grew 35.97% – from 16.72 million on June 1 to 22.74 million by June 30. For the uninitiated, Ethereum accumulation addresses are wallets that acquire and hold ETH without significant outgoing transactions, often excluding known exchange, miner, or smart contract addresses. These addresses typically signal long-term investor confidence, as they represent entities accumulating ETH without actively selling. Also worth highlighting is that the Realized Price of these accumulation addresses – their average acquisition cost – stood at $2,114 on July 1. As ETH trades at $2,593 at the time of writing, these accumulation addresses are sitting on a healthy profit of approximately 22.65%. ETH Primed For A Breakout? Technical analysis suggests that ETH could be poised for a breakout in the near term. In a recent post, crypto analyst Titan of Crypto pointed out that ETH appears ready to break out of a broadening wedge pattern on the weekly chart, with a potential upside target of $4,200. Related Reading: Ethereum In Demand: ETF Inflow Streak Extends To 7 Weeks Institutional interest in Ethereum also appears to be strengthening. Notably, ETH may have found its own “MicroStrategy moment,” with Tom Lee and Joe Lubin revealing plans to accumulate significant ETH positions. That said, ETH must maintain support above the $2,200 level. A breakdown below this threshold could open the door for a drop to as low as $1,160. At press time, ETH is trading at $2,593, up 1.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Ethereum has regained strong bullish momentum over the past few days, rising more than 23% since June 22 and reclaiming the critical $2,600 level. After weeks of uncertainty and sideways movement, ETH is showing signs of strength, with bulls now eyeing a push toward the $2,700 resistance zone. A successful reclaim of this level could open the doors for a broader rally, potentially reigniting hopes for the long-awaited altseason. Related Reading: Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025 While volatility remains in the broader market, Ethereum’s recovery has been notable, especially as macroeconomic sentiment improves and risk appetite increases across both equities and crypto. The surge in price has brought renewed attention to ETH’s long-term outlook, with top analyst Ted Pillows stating that “ETH is looking good and going above $10,000 this cycle.” This bold projection reflects growing confidence among market participants that Ethereum still holds major upside potential, particularly as network fundamentals strengthen and institutional interest grows. With the $2,700 level acting as the next critical resistance, all eyes are on whether Ethereum can maintain its momentum and set the stage for the next leg higher. The coming days will be essential in confirming whether this rally has staying power or remains short-lived. Ethereum Faces Critical Test As Altcoin Market Watches Closely After a week of volatility, Ethereum surged 9% yesterday, pushing closer to the top of its long-standing range and signaling the potential for a major breakout. Trading between $2,200 and $2,800 since early May, ETH has now returned to the upper end of this consolidation zone. Market participants believe this could be the turning point, not just for Ethereum, but for the entire altcoin market. Ethereum remains the backbone of the altcoin ecosystem, and its price action has historically dictated the momentum of the broader crypto space. A decisive move above $2,800 could trigger a wave of breakouts across major altcoins, many of which remain suppressed under key resistance levels. While short-term volatility remains a concern, analysts argue that Ethereum is showing strong signs of resilience and accumulation. Ted Pillows shared his technical perspective, urging traders to stay focused on the bigger picture: “Don’t let short-term volatility scare you.” According to him, Ethereum will surpass $10,000 this cycle. His view reflects growing confidence among experienced investors who see Ethereum’s current structure as a launchpad for the next expansion phase. With Ethereum at a critical technical juncture and altcoins waiting for confirmation, the coming days could be pivotal. A breakout above $2,800 would validate growing bullish sentiment and potentially spark the long-anticipated altseason. Related Reading: Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu? ETH Tests 200-Day MA After Breakout Ethereum is showing renewed strength after reclaiming the $2,600 level and closing above all major moving averages on the daily chart. As seen in the image, ETH surged through the 100-day and 200-day moving averages, which had been acting as dynamic resistance near $2,516. This marks a significant technical milestone, indicating bullish momentum may be returning. The breakout candle is backed by rising volume, a positive sign that the move is supported by real market participation. If ETH can hold above the 200-day MA, the next critical level to watch is $2,700 — the top of the range that has held since early May. A decisive close above $2,700 would open the door for further gains, potentially testing the $2,900–$3,000 resistance zone. Related Reading: Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High Support remains near the $2,500 level, where the 50-day and 100-day MAs converge, offering a strong confluence zone should any pullback occur. If bulls can maintain momentum and hold above the moving average cluster, the odds of a larger trend reversal increase. Ethereum’s current setup appears constructive, and market participants are closely watching for continuation, especially as macro sentiment improves and altcoin strength begins to return. Featured image from Dall-E, chart from TradingView
Sharplink Gaming skyrocketed over 4,000% following its $450 million fundraising announcement, only to plunge 90% in the next few weeks.
Sharplink Gaming skyrocketed over 4,000% following its $450 million fundraising announcement, only to plunge 90% in the next few weeks.
Zak Cole, a leading Ethereum core developer, has launched a new initiative to drive the Ethereum network’s expansion and boost its market value. In a speech at the Ethereum Community Conference on July 2, Cole introduced the Ethereum Community Foundation (ECF), an independent entity dedicated to supporting Ethereum as an asset and pushing its price […]
The post Ethereum’s ambitious journey to $10,000 begins with new community foundation launch appeared first on CryptoSlate.
Ethereum (ETH) has recently experienced a significant resurgence, reaching a three-week high of $2,600 after a notable spike on Wednesday. This uptick comes at a time when a key company is considering ETH as a potential treasury reserve asset, underscoring renewed interest in the cryptocurrency. Forecasting $7,000 Potential Despite being one of the poorer performers among the top ten cryptocurrencies, with a year-to-date decline of 24%, Ethereum’s recent 6% surge has allowed it to outpace competitors, including Bitcoin (BTC), which is close to its all-time high. Crypto analyst Alek Carter has also expressed a bullish outlook on Ethereum (ETH), drawing parallels between the current price patterns and those observed in 2020. Related Reading: Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases He describes the recent movements in ETH’s chart as reminiscent of the “dead cat bounce” phenomenon—a term used to describe a temporary recovery in price after a significant decline—followed by a final retest before a substantial upward trend. Carter points out that Ethereum underwent a similar trajectory in 2020, where it initially experienced a dip before rebounding sharply to reach a peak of over $3,500. He believes that the recent completion of what he terms the “final retest” suggests that Ethereum is poised for another significant rally. If the current setup mirrors the previous cycle, Carter anticipates that ETH could potentially reach a new high of $7,000. Bullish Sentiment For Ethereum The bullish sentiment surrounding ETH is further reflected in the performance of stocks associated with the cryptocurrency. BitMine, a Bitcoin mining company that recently announced plans to make ETH its primary treasury reserve, saw its stock soar by about 20%, with an increase of over 1,000% since the announcement. Similarly, SharpLink Gaming, which has adopted an ETH treasury strategy, experienced an 11% rise, while Bit Digital, which shifted its focus from Bitcoin mining to Ethereum treasury and staking, gained more than 6%. Moreover, the recent interest in ETH is evident in the performance of Ethereum ETFs, which saw inflows of $40 million on Tuesday, led by BlackRock’s iShares Ethereum Trust. A Experts also highlight that ETH’s smart contract capabilities have established it as a leading platform for the tokenization of traditional assets, including US dollar-pegged stablecoins. The ‘Backbone’ Of Stablecoins? Fundstrat’s Tom Lee characterized Ethereum as “the backbone and architecture” of stablecoins, given that issuers like Tether (USDT) and Circle’s USD Coin (USDC) operate on its network. Additionally, BlackRock’s tokenized money market fund, known as BUIDL, launched on Ethereum last year. Tokenization itself represents a transformative process, allowing digital representations of publicly traded securities and real-world assets to be issued on blockchain networks. While holders of tokenized assets do not possess outright ownership, the mechanism opens up new avenues for investment and asset management. Related Reading: Michael Saylor’s Strategy Set To Yield $14 Billion Profit In Q2, Bloomberg The latest wave of interest in Ethereum and related assets follows Robinhood’s announcement to enable trading of tokenized US stocks and ETFs across Europe. This development comes on the heels of a growing interest in stablecoins, spurred by Circle’s IPO and the Senate’s passage of the GENIUS Act, a proposed stablecoin bill that aims to provide a new framework for these assets to integrate in the broader financial landscape. Featured image from DALL-E, chart from TradingView.com
Ethereum (ETH), the second-largest crypto and the backbone of the DeFi ecosystem, is currently trading around $2,599, marking a modest 6.09% rise over the past 24 hours. The latest dip caught the attention of traders and analysts alike, especially as Ethereum recently broke out of a prolonged consolidation range. With renewed interest from institutional players, …
Ethereum (ETH) is showing signs of a potential breakout after a volatile performance over the past year. After plunging 22.7% year-over-year and a steep 45.3% in Q1 2025, Ethereum bounced back with a 36.5% surge in Q2, driven mainly by a strong May return of 41.1%. Now, as Q3 kicks off, ETH is gaining momentum …
The DOJ alleges that scammers posed as the Trump-Vance Inaugural Committee to defraud a donor of a total $250,300 in cryptocurrency.
Ethereum (ETH) has surged 7.5% in the daily timeframe to break above a key resistance level for the first time in weeks. Following its breakout, some analysts forecasted that a retest of the range highs could be around the corner. Related Reading: Bitcoin Holds Key Level Amid $108,000 Rejection, But Analysts Suggest Caution This Quarter Ethereum Reclaims Crucial Area On Wednesday, Ethereum jumped over 7% from its local low to the $2,550 mark, setting the stage to reclaim another crucial resistance. The King of Altcoins climbed from the $2,380 support to the $2,585 area, hitting a two-week high. The cryptocurrency has been trading between the $2,400-$2,800 price range since the early May breakout, but briefly lost this area after failing to hold the $2,550 support two weeks ago. After recovering its local range, ETH struggled to break past the $2,500 barrier, trading between the range low and this resistance for a week. Nonetheless, today’s market recovery, which also saw Bitcoin jump to the $109,600 mark, has sparked bullish sentiment among investors. Amid today’s performance, Daan Crypto Trades called ETH’s price action a “nice move out of the local range.” However, he suggested that bulls must hold the $2,520 area to confirm it isn’t another deviation or liquidity grab in a “bigger chop.” To the trader, failing to hold this area would send the cryptocurrency to the range lows again. As a result, the major levels to watch remain the $2,310 support and $2,735 resistance. Market watcher Merlijn The Trader noted that Ethereum has “respected support every single time,” forming “one of the cleanest breakouts we’ve ever seen.” He highlighted a three-month ascending triangle in ETH’s chart, pointing out that the King of Altcoins bounced from the rising support line during the recent price deviation and now targets the next key resistance around the $2,700 mark. Ethereum is charging up. Higher lows, strong base, bullish MACD crossover. A clean break of $2,700… and ETH will fly. $3,000 is just the beginning. The real move comes after that. ETH To Repeat ATH Set Up? Merlijn also affirmed that ETH’s two-year setup is repeating, which could signal that a massive breakout is coming. According to the chart, the Ethereum price has moved in stages that last about two years since 2018. During the first stage, the cryptocurrency’s price forms a base, which later leads to the second stage, where the price rejects and retests the base lows. Lastly, Ethereum experiences the liftoff phase, where the price breaks out to new highs. The last liftoff phase, between 2020 and 2022, saw ETH surge from the $100 mark to its $4,878 all-time high (ATH). To the trader, “This time we start from $1,500. Not a dip. A launchpad.” Similarly, analyst Kaleo pointed out the structural resemblance between ETH’s performance this cycle and last cycle. He noted that, while BTC hit a new ATH in December 2020, Ethereum was 60% down from its previous cycle highs, leading many investors to suggest it was “dead.” Related Reading: Solana Summer Loading? SOL Eyes $180 Following Staked ETF-Fueled Breakout Nonetheless, ETH climbed over 800% from there, outperforming Bitcoin’s 250% increase in the following months. This time, the cryptocurrency has also seen up to a 68% retrace from its previous ATH, while BTC soared to new highs. If history repeats, “The bottom for ETH is in. Up only from here,” the analyst concluded. As of this writing, Ethereum is trading at $2,568, a 6.1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Franklin Templeton Digital Assets said that the future of corporate crypto treasury strategies is contingent on several critical factors.
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
Popular market strategist Tom Lee, founder of Fundstrat, has explained why he believes Ethereum (ETH) has the potential to climb to $10,000. Ethereum’s price has been stuck around $2,400 for some time, without much movement. While some experts like Bitwise think it might not hit new all-time highs this year, Tom Lee remains positive about …
Ethereum price started a fresh increase from the $2,375 zone. ETH is now back above $2,550 and struggling to clear the $2,620 barrier. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,550 zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,375 zone, like Bitcoin. ETH price gained pace for a move above the $2,500 resistance zone and entered a positive zone. The bulls were able to push the price above the 76.4% Fib retracement level of the downward move from the $2,523 swing high to the $2,372 low. It even cleared the $2,550 resistance zone and spiked above the $2,600 level. A high was formed at $2,614 and the price is now consolidating gains. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. Besides, there is a short-term contracting triangle forming with support at $2,560 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,615 level. It is near the 1.618 Fib extension level of the downward move from the $2,523 swing high to the $2,372 low. The next key resistance is near the $2,650 level. The first major resistance is near the $2,665 level. A clear move above the $2,665 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,615 resistance, it could start a fresh decline. Initial support on the downside is near the $2,560 level. The first major support sits near the $2,550 zone. A clear move below the $2,550 support might push the price toward the $2,520 support. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,550 Major Resistance Level – $2,615
Ether climbs to $2,601 as institutional narratives strengthen following bullish ETF commentary and Robinhood’s L2 blockchain development on Arbitrum.
Also: Bitcoin Botanix Layer-2 Goes Live, XRPL EVM-Sidechain Launches, and Securitize & RedStone Release New Whitepaper |
Bitwise Chief Investment Officer Matt Hougan predicted that Ethereum exchange-traded funds (ETFs) could experience up to $10 billion in inflows during the second half of 2025. His forecast, made on July 2, builds on the strong momentum observed over the past months, with Ethereum ETFs already bringing in $1.17 billion in inflows in June alone. […]
The post Ethereum ETFs forecast to attract $10 billion by late 2025, says Bitwise CIO appeared first on CryptoSlate.
The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH treasuries. Tom Lee has emerged as the Chairman of BitMine, which will hold ETH, while Lubin is already the Chairman of SharpLink Gaming. Lee and Lubin Raise $675 Million for Ethereum Treasury Strategy Tom Lee and Joe Lubin have already advanced their plans to create the ‘MicroStrategy’ of Ethereum. On Tom Lee’s end, BitMine announced a $250 million private placement to raise capital for its Ethereum strategy. The Bitcoin mining company stated that the net proceeds of the offering will be used to acquire ETH, which will become the firm’s primary reserve asset. Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why BitMine plans to close this private placement on or about July 3, as it aims to become one of the largest publicly traded ETH holders with Tom Lee as the Chairman of the Board. On the other hand, SharpLink Gaming, with Joe Lubin’s help, is already the largest publicly traded Ethereum holder. The company earlier launched its Ethereum treasury with a $425 million ETH purchase. SharpLink Gaming recently announced that it has increased its total ETH holdings to 198,167 ($475 million), further establishing its position as the ‘MicroStrategy’ of Ethereum. Between June 23 and 30, it acquired 9,468 ETH for $22.8 million at an average price of $2,411 per ETH. During that same period, SharpLink Gaming also raised an additional $24.4 million through its At-The-Market (ATM) facility, selling $2.5 million shares. The company revealed that most of the proceeds will go toward further Ethereum acquisitions. As of June 30th, 100% of its ETH is staked, and the firm has earned 222 ETH in rewards since it began an ETH treasury company. Plans To Mirror Saylor’s Strategy In an X post, crypto commentator Eric Conner commented on how Ethereum is getting its own MicroStrategy era thanks to Lee and Lubin’s experiments. He highlighted BitMine’s proposed KPI of ‘ETH per share,’ which mirrors Saylor’s playbook, except that ETH earns yield in this instance through staking. Related Reading: These Companies Are Following Saylor’s Strategy Into The Bitcoin Battleground With Over $2 Billion Slated To Buy BTC Conner further remarked that BitMine’s mining DNA lets it spin up validators and tap DeFi rails, turning a once-capital-intensive operation into a cash-flow engine secured by Ethereum. On the other hand, he noted that Joe Lubin and SharpLink Gaming’s move is bigger. SharpLink is already staking its ETH holdings and plans to explore other DeFi strategies. With this move, the crypto commentator declared that ETH becomes the reserve while yielding bankroll growth. Lubin also recently raised the possibility of adding leverage to SharpLink Gaming’s Ethereum strategy, which will mirror Saylor’s strategy. He stated that they may do convertible equity and issue bonds at low rates, without putting the strategy at risk. At the time of writing, the Ethereum price is trading at around $2,444, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Speaking at EthCC in France, Ethereum’s founder said developers need to stay true to crypto’s principles amid a wave of corporate blockchain adoption.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SharpLink, Ethereum’s largest publicly traded holder, has expanded its ETH position, according to a July 1 statement. Between June 23 and June 27, the company acquired an additional 9,468 ETH for approximately $22.8 million, bringing its total Ethereum holdings to 198,167 ETH, valued at $485 million. According to DropsTab data, the firm’s unrealized loss is […]
The post SharpLink earns $540K in rewards after staking entire Ethereum portfolio of nearly 200k ETH appeared first on CryptoSlate.
Bitwise’s prediction report, which came late in last year, had projected that the Ethereum price would reach new all-time highs before the end of 2025. However, their mid-year stance remains bullish but less confident compared to Bitcoin. CIO Matt Hougan and head of research Ryan Rasmussen recently shared their mid-year scorecard. It expressed renewed predictions …