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Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating gains and might aim for a fresh move above $2,620. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,550 zone in the near term. Ethereum Price Gains Pace Ethereum price started a fresh increase above the $2,560 zone, beating Bitcoin. ETH price gained pace for a move above the $2,600 resistance zone and entered a positive zone. The price even tested the $2,620 resistance. A high was formed at $2,627 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,515 swing low to the $2,627 high. Ethereum price is now trading above $2,580 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,650 level. The first major resistance is near the $2,680 level. A clear move above the $2,680 resistance might send the price toward the $2,780 resistance. An upside break above the $2,780 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,920 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,570 level. The first major support sits near the $2,520 zone and the trend line. A clear move below the $2,520 support might push the price toward the $2,450 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,620

Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum started a fresh increase above the $2,520 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Revisits Support Ethereum price started a fresh increase above the $2,550 zone, like Bitcoin. ETH price gained pace for a move above the $2,565 resistance zone and entered a positive zone. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. However, the bears remained active near the $2,600 resistance zone and protected more gains. The price faced rejection near the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. ETH is now testing the $2,520 support. There is also a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,550 level. The next key resistance is near the $2,580 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,580 resistance, it could start a fresh decline. Initial support on the downside is near the $2,520 level. The first major support sits near the $2,500 zone. A clear move below the $2,500 support might push the price toward the $2,450 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Related Reading: Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension  Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700. Featured image from iStock, chart from Tradingview.com

Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin. ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600

Ethereum’s price action is gearing up for a surge of epic proportions, according to crypto technical analyst MasterAnanda on the TradingView platform.  Ethereum has spent a majority of the past two months consolidating above the $2,425 support zone, in what might be an accumulation phase before a major breakout. Nonetheless, MasterAnanda’s analysis suggests that Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target that starts at $5,791.  Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Ethereum To Break Out To At Least $5,791 MasterAnanda’s weekly candlestick chart shows a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. On the other hand, price highs have been relatively flat, specifically around the March and December 2024 peaks. Ethereum’s behavior since April has been marked by low volatility and sideways movement, which often precedes large market moves. The most interesting move was when its price dropped to as low as $1,470 on April 9 before quickly rebounding and establishing a rounded bottom formation.  Nonetheless, the analyst noted that Ethereum is due a major, major bullish wave. The question is not whether it will happen, but when it will. Now that the current consolidation is sitting right above trendline support, MasterAnanda argues that this formation will soon give way to a powerful bullish wave. The target is a minimum of $5,791, which is based on the 1.618 Fibonacci extension.  Interestingly, the analyst noted that it is possible for the Ethereum price to reach $8,500 or higher in the longer term if it breaks above the resistance trendline, which is currently at $4,000. This prediction is backed by improving fundamentals and current on-chain data showing accumulation through Spot Ethereum ETFs. Wyckoff Accumulation Says It’s Ethereum’s Turn Crypto analyst Ted Pillows shared a separate but related analysis on the social platform X that’s based on a Wyckoff accumulation pattern playing out on ETH’s weekly chart. Pillows called the selloff to the $1,470  low in April as the “Spring” phase of Wyckoff accumulation, followed by a successful “Test” of a September 2024 support around $2,145, and the gradual move back to resistance now.  According to his projection, Ethereum’s breakout will unfold in stages. The first stage is a push to $3,000, then a correction, followed by a rise to $4,000 in Q3. Only after these steps will the parabolic leg truly begin. The parabolic leg, in this case, should take Ethereum above $5,700, if the price action plays out as predicted. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ His analysis closely aligns with MasterAnanda’s call for a minimum $5,791 target. Just as the Wyckoff accumulation pattern pumped Bitcoin to its most recent all-time high, Ethereum may be on the verge of its own spotlight moment in this ongoing 2025 bull cycle. At the time of writing, Ethereum is trading at $2,516. Featured image from Unsplash, chart from TradingView

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s bullish expectations. In light of this, a leading crypto analyst warns that current price action lacks the strength needed for a powerful upward move, urging traders to remain cautious. The analyst notes that without a clear breakout signal, entering the market now could expose investors to potential downside risks.  $2,800 Breakout Key For Ethereum Price Bull Rally A new analysis released on the X social media platform by market expert Daan Crypto Trades reveals that the Ethereum price has continued to trade within a well-defined price channel, currently holding above the $2,500 level at $2,527. The analyst emphasized that $2,800 remains the key breakout point that could trigger an Ethereum bull rally.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The market expert shared a chart highlighting that ETH remains confined between a “range low” of $2,313 and a high of $2,736, with multiple failed attempts to break out of this tight structure. The chart also shows that the mid-range level of around $2,519 has become a critical point of control.  Despite a brief rally that pushed the Ethereum price above $2,570 earlier this week, the cryptocurrency was still unable to sustain the upward move, slipping back below the $2,519 level before recovering to its current price of around $2,527. Daan Crypto Trades explains that the reason for Ethereum’s sluggish performance is its continued struggle to establish a solid footing in the $2,500 price region. Given the clear price imbalance in this zone, the analyst advises traders to exercise caution before entering the market.  Within this range, traders may encounter increased price volatility and potential fakeouts, both above and below the key support and resistance levels. Given the unstable market environment, Daan Crypto Trades suggests that until Ethereum breaks and holds above the $2,800 mark, traders are likely to face more sideways action and unpredictable price swings. A clean breakout above $2,800 could be the key to the start of a bullish trend, improving conditions for ETH and pushing it out of its present downtrend.  ETH Four-Year Consolidation Sees An End Market expert Mister Crypto has also shared insights on the current Ethereum price action. The analyst declared in a recent X post that ETH is on the verge of exiting a prolonged multi-year consolidation phase. His chart, which visualizes the cryptocurrency’s historical price movements, marks two key periods—a powerful 48x rally from 2018 through 2021, followed by a four-year horizontal consolidation range that spans from the 2021 top to the present day.   Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analysis suggests that this extended period of range-bound movement could be a prelude to a potentially explosive bull trend, similar to the breakout seen in the past. In line with this, Mister Crypto marks a large open-ended “??X” label on his chart, suggesting the next breakout phase is imminent—though the precise magnitude is left speculative. Featured image from Getty Images, chart from Tradingview.com

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.” Featured image from Dall.E, chart from TradingView.com

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 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 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

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

Ethereum price started a fresh decline from the $2,520 zone. ETH is now back below $2,450 and struggling to stay above the $2,350 support. Ethereum started a fresh decline from the $2,520 level. The price is trading below $2,450 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,350 zone in the near term. Ethereum Price Trims Gains Ethereum price started a fresh decline from the $2,520 resistance, like Bitcoin. ETH price declined below the $2,500 and $2,450 levels to enter a short-term bearish zone. Besides, there was a break below a key bullish trend line with support at $2,450 on the hourly chart of ETH/USD. The pair even spiked below the $2,400 level. A low was formed at $2,373 and the price is now attempting to recover some losses. It climbed above the 23.6% Fib retracement level of the downward move from the $2,523 swing high to the $2,373 low. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,420 level. The next key resistance is near the $2,450 level. It is close to the 50% Fib retracement level of the downward move from the $2,523 swing high to the $2,373 low. The first major resistance is near the $2,465 level. A clear move above the $2,465 resistance might send the price toward the $2,520 resistance. An upside break above the $2,520 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,650 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,450 resistance, it could start a fresh decline. Initial support on the downside is near the $2,375 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,280 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,450

CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance are showing strength that could benefit ETH in the near term, with $2,800 marked as the next major resistance. Mixed Signals Across Ethereum Key Timeframes In the post, CRYPTOWZRD pointed out a mixed close for Ethereum across key timeframes. While the monthly candle ended indecisively, signaling some short-term hesitation, the quarterly candle closed with strong bullish conviction. This, he suggests, sets the stage for more upward movement in the coming months as higher timeframes begin to assert dominance. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds He emphasized that today’s daily candles for both ETH and ETHBTC closed similarly indecisive, reflecting the current uncertainty in the market. However, with Bitcoin dominance starting to decline, he sees potential for ETHBTC to pick up strength, which could, in turn, fuel Ethereum’s next leg up. According to CRYPTOWZRD, ETHBTC is already showing signs of life, moving upward from a monthly double-bottom formation. He believes that clean, bullish candles forming from the 0.02270 BTC region would inject fresh momentum into Ethereum, helping to drive it toward the $2,800 resistance, a key level on the radar. He added that unless any negative fundamental developments occur, $2,400 remains Ethereum’s main daily support zone. As long as this holds, the broader structure remains intact, and the bullish thesis stays valid. Looking ahead, CRYPTOWZRD plans to keep his attention on the lower timeframes tomorrow. With volatility in play and setups brewing, he’ll be watching closely for quick scalp opportunities as Ethereum navigates through this critical range. Waiting On Chart Confirmation For The Next Intraday Move In his closing remarks, the analyst noted that Ethereum’s intraday chart experienced heightened volatility throughout the day. Despite the choppy price action, he sees clear setups forming that could present solid trading opportunities in the near term. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent A decisive breakout and close above the $2,550 resistance level would be a strong bullish signal, potentially opening the door for a long entry. On the flip side, if the price pulls back toward the $2,380 support and forms a bullish reversal pattern, that too could serve as a valid trigger for a long position. With these scenarios in mind, the analyst plans to closely monitor the intraday chart. His focus will be on spotting a clean and high-quality setup, one that aligns with price structure and momentum to time the next scalp trade effectively. Featured image from Getty Images, chart from Tradingview.com

Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on the role of chairman of the board at BitMine Immersion Technologies, a Bitcoin mining company now setting its sights on becoming the largest publicly traded holder of Ethereum (ETH).  Tom Lee Appointed Chairman At BitMine Lee’s appointment comes alongside an ambitious plan to raise $250 million in a private placement aimed at implementing a strategy that positions Ethereum as the primary treasury reserve asset, while still maintaining its core Bitcoin mining operations. This initiative reflects a growing trend within the financial services sector, where the convergence of traditional finance and cryptocurrency is gaining momentum, further highlighted by President Trump’s decision to establish a strategic crypto reserve.  Related Reading: Solana Forms Bullish Flag On Daily Chart — Breakout Imminent? Lee highlighted this shift during an appearance on CNBC’s “Squawk Box,” stating, “The financial services industry and crypto are converging, and it really started with stablecoins.”  Lee likened stablecoins to the “ChatGPT of crypto,” emphasizing their widespread adoption among consumers, businesses, and financial institutions, including major players like Visa.  Interestingly, stablecoins have gained a major victory in Congress last week with the passage of the GENIUS Act which aims to provide a new regulatory framework for these crypto assets. Transforming Into An Ethereum Treasury Powerhouse According to Lee, Ethereum serves as the foundational architecture for stablecoins, making it crucial for BitMine to accumulate ETH in order to influence and secure its position within the network.  The company’s strategy will include monitoring the value of Ethereum held per share as a key performance metric, akin to Strategy’s (previouisly MicroStrategy) well-known “BTC Yield” metric for Bitcoin.  During his interview, Lee explained that BitMine plans to enhance the value of ETH per share through reinvestment of cash flows, capital market activities, and the appreciation of Ethereum itself. As more companies explore treasury management strategies beyond Bitcoin, BitMine is not alone in its pivot. It joins other firms like SharpLink Gaming, which initiated its own Ethereum treasury strategy earlier this year, and DeFi Development, which is focusing on Solana.  Related Reading: Wave 3 Ignites As XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’ This announcement sparked a major surge for the Bitcoin mining company which started the day with a market capitalization of just $26 million. However, following Lee’s interview, the number skyrocketed beyond the $200 million mark.   BitMine’s stock, trading under the ticker name BMNR, also saw a major surge on Monday closing the day at $33.90 per share. According to Yahoo Finance data, this means a nearly 700% surge for the mining firm’s shares.  On the other hand, Ethereum has retraced 1% below the key $2,500 level in the 24-hour time frame to its current price of $2,470 per token. Featured image from DALL-E, chart from TradingView.com 

Ethereum price started a fresh increase above the $2,485 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the $2,465 level. The price is trading above $2,460 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,400 zone in the near term. Ethereum Price Eyes Fresh Gains Ethereum price started a fresh increase above the $2,440 support level, like Bitcoin. ETH price was able to clear the $2,460 and $2,480 resistance levels to move into a positive zone. The bulls even pushed the price above the $2,500 zone. However, the bears were active near the $2,520 level. A high was formed at $2,522 and the price is now consolidating gains. The price dipped below the 23.6% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. Ethereum price is now trading above $2,460 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD. It is close to the 76.4% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. On the upside, the price could face resistance near the $2,520 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 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. Downside Break In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,450 level and the trend line. The first major support sits near the $2,420 zone. A clear move below the $2,420 support might push the price toward the $2,400 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,520

As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to maintain momentum above the crucial $2,500 threshold, one analyst believes that ETH is poised for a significant rally.  In a recent post on social media platform X (formerly Twitter), crypto analyst Cyclop expressed a bullish outlook, labeling the current market conditions as the best long setup for Ethereum he has seen in years. Analyst Sees $4,000 Target This Summer Cyclop highlighted that Ethereum short positions have reached all-time highs, a situation reminiscent of a previous spike that occurred just weeks ago.  The analyst noted that liquidity has been swept on both sides, creating a scenario where market uncertainty may actually benefit Ethereum. “Most doubt ETH and altcoins right now—I’m betting on $4,000 this summer,” he stated confidently. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 Cyclop outlined several key factors driving his optimistic stance. First, he pointed to the recent Pectra update, which has reinvigorated interest in Ethereum by enhancing transaction capabilities, updating security features, and improving staking options. This update has reportedly led to increased demand, contributing to a potential price surge. Moreover, Cyclop emphasized the broader macroeconomic landscape, noting that cryptocurrency adoption is accelerating beyond Bitcoin (BTC), with Ethereum taking a prominent role.  The analyst suggests that major corporations and banks are beginning to purchase and stake Ethereum, further boosting trust and interest in the digital asset which could ultimately result in more demand and more price uptrends. Ethereum Rallies May Trigger Altcoin Boom On-chain metrics also favor Ethereum, with the cryptocurrency ranking highly in various categories, according to Cyclop. It currently stands as the second-highest by fees, leads in bridged net flows, and ranks third in stablecoin supply changes, showcasing its robust market position. Another critical aspect of Cyclop’s analysis concerns altcoins and the upcoming altseason, traditionally characterized by a rush of investment into Ethereum before spilling over into smaller tokens.  He pointed out that historical patterns indicate that Ethereum price rallies often trigger broader altcoin surges, and the current market sentiment suggests that many altcoins are at their lowest ebb. Related Reading: Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47 While Cyclop acknowledges that a majority of altcoins may face significant challenges, he argues that ETH remains undervalued, especially with Bitcoin trading near $100,000.  He has made strategic moves, reallocating some of his Bitcoin holdings into Ethereum and promising strong altcoins. His initial target for Ethereum is $3,000, where he plans to take profits, followed by a series of sell orders between $4,000 and $6,000. As of press time, ETH trades at $2,500, a 12% price increase in the weekly time frame.  Featured image from DALL-E, chart from TradingView.com 

Ethereum price started a fresh increase above the $2,480 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the $2,450 level. The price is trading above $2,450 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,420 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,420 support level, like Bitcoin. ETH price was able to clear the $2,450 and $2,480 resistance levels to move into a positive zone. The bulls even pushed the price above the $2,500 zone. However, the bulls were active above the $2,500 level. A high was formed at $2,523 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,394 swing low to the $2,523 high. Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,520 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,580 level. A clear move above the $2,580 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,460 zone or the 50% Fib retracement level of the upward move from the $2,394 swing low to the $2,523 high. A clear move below the $2,460 support might push the price toward the $2,440 support. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,440 Major Resistance Level – $2,520

Crypto analyst XForce has predicted that Ethereum could reach a new all-time high (ATH) of $10,000 in this market cycle. He acknowledged that there is yet to be a macro fundamental that supports this bullish outlook, but remarked that it remains “ideal.” Ethereum Eyeing Rally To As High As $10,000 In an X post, XForce stated that Ethereum is still looking to shoot for a new ATH this cycle and could end around $9,000 to $10,000. This followed his remarks that ETH’s move up on the shorter timeframes was objectively impulsive. In other words, these rallies were bullish with real-time technical indicators.  Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow As to what could drive this Ethereum rally to $10,000, XForce noted that there is no macro scenario providing a good look. However, he remarked that this rally to this ambitious target remains only ideal in nature, given the context. The analyst added that this idea remains his primary prediction for now.  Crypto analyst Venturefounder also recently predicted that Ethereum could reach this $10,000 price target in this market cycle. However, the analyst declared that ETH’s run to this ambitious target depends on whether the altcoin is able to flip $4,000 into support by the fourth quarter of this year.  Crypto analyst Titan of Crypto also recently suggested that Ethereum was ready for a lift-off. In an X post, he stated that after a failed breakout, ETH deviated below and found support right on the cloud. Now, the altcoin is back within the range. For a bullish momentum to resume, Titan of Crypto claimed that ETH must clear the cloud and reclaim the Kijun around $2,500. The analyst had previously predicted that Ethereum could rally to $8,500 in this market cycle.  An Ultra Bullish Scenario For ETH In response to his initial X post, XForce provided an alternative scenario for Ethereum, in which it could rally to as high as $150,000. The analyst remarked that it would be wild to see this play out, but that it remains an option based on an idealized 5-wave structure. ETH is expected to reach the $150,000 target on Wave 5.  Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? XForce’s accompanying chart showed that Ethereum could reach this $150,000 target by July 2028. The analyst remarked that the uber bullish scenario remains his alternative because there seems to be no logical approach for ETH to reach such levels. He again warned that neither scenario provides the proper context on the macro, but only remains ideal. As such, based on logic, XForce remarked that it is best to choose the best of the worst.  At the time of writing, the Ethereum price is trading at around $2,400, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Ethereum has seen a notable spike in its daily transactions after a week filled with uncertain market movement. While the rise in the daily transactions has caught attention, what is really essential to point out is that it has been a long time since the daily transactions have been this high. In fact, the spike has led to the highest level that Ethereum’s daily transactions have been in over 16 months, showing a return to the blockchain that seemed previously abandoned. Ethereum Daily Transactions Cross 1.7 Million According to data from the on-chain data aggregation website, Nansen, the Ethereum daily transaction count has spiked by almost 50% over the last few days. The week had begun with the daily transaction count sitting at 1.2 million on Monday. However, by Wednesday, this figure was already changing rapidly to reach new yearly peaks. Related Reading: Extended Wave 5 Scenario Puts Bitcoin Price Above $300,000 With Step-Like Structure In Place As the Ethereum price rose above $2,400, so did participation on the blockchain, leading daily transactions to rise to 1.729 million. This sharp spike has led to the highest level so far in 2025, and is the first time since January 2024 that the daily transactions has crossed the 1.7 million mark. At the same time, there was also an unusual spike in the daily active addresses, which rose by almost 50% as well in the same time period. The daily active addresses rose from 345,406 addresses to 593,637 addresses in the space of four days. All of these have happened as the Ethereum price has recovered, suggesting that the spike in on-chain participation is actually more from investors buying than selling. If this trend continues, then it could send the Ethereum price soaring higher from here. Sell Volume Begins Dominating ETH Price In contrast to the rise in Ethereum on-chain participation, there has also been an increase in the on-chain sell volume compared to the buy volume. Nansen data points out that in the $168.37 million on-chain buy volume recorded in a 24-hour period, approximately $78.15 million was going toward buys, while a little over $90 million was from sellers. Related Reading: Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming Furthermore, when it comes to individual transactions involved in buying and selling Ethereum, the sellers remain in the lead. There were more than 52,000 buy transactions recorded during this period, with around 24,300 buyers. While the sell transactions ran up towards 74,000, with sellers at more than 32,000. This shows a higher percentage of sellers compared to buyers, which would explain why the price has been unable to reach other support levels. This rise in the selling volume suggests that the buys are not enough to absorb the selling volume. This could fight off any buying momentum that could lead to a price recovery and keep the Ethereum price down while the crypto market struggles to find its footing. Featured image from Dall.E, chart from TradingView.com

Ethereum price started a fresh increase above the $2,450 zone. ETH is now correcting gains from $2,520 and might slip to test the $2,320 zone. Ethereum started a fresh upward move above the $2,350 level. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,320 zone in the near term. Ethereum Price Dips Below Support Ethereum price started a fresh increase above the $2,320 support level, like Bitcoin. ETH price was able to clear the $2,350 and $2,450 resistance levels to move into a positive zone. The bulls even pushed the price above the 76.4% Fib retracement level of the downward move from the $2,569 swing high to the $2,115 low. However, the bulls were active above the $2,500 level. A high was formed at $2,520 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,114 swing low to the $2,520 high. Besides, there was a break below a connecting bullish trend line with support at $2,450 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,500 level. The next key resistance is near the $2,520 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,400 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,200 support level in the near term. The next key support sits at $2,150. 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 below the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,520

Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash is expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800. Why Ethereum Could Still Drop To As Low As $1,800 In an X post, Crypto Wave declared that the primary expectation remains that Ethereum will see one more leg down in wave c of wave 2, targeting the zone between $1,950 and $1,700. Specifically, his accompanying chart showed that the largest altcoin by market cap could drop to around $1,800.  Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The crypto analyst revealed that Ethereum has already hit the 0.5 fib retracement at $2,100, which is the minimum target for a Wave 2 correction. However, structurally, he claimed that this drop still looks like wave A only. Crypto Wave further explained that these ABC corrections are always three-part moves, and that is what he sees forming now for ETH.  The broader crypto market, led by Bitcoin, has bounced back following the ceasefire between Israel and Iran. Ethereum has also rebounded, having dropped to as low as $2,100 last week. However, Crypto Wave suggested that the current market sentiment doesn’t invalidate this bearish setup for ETH and that it could still witness a deeper sell-off.  The crypto analyst alluded to the fourth quarter of last year when Ethereum was underperforming heavily while many altcoins rallied. In line with this, he remarked that there could be a repeat of this scenario. However, on the other hand, Crypto Wave claimed that if ETH breaks above $2,880 impulsively, especially in one clean wave, then the correction could be over. He added that this would also put the altcoin in the early stages of a new bull cycle. 2021 Pattern Playing Out For ETH In an X post, crypto analyst Merlijn drew similarities between the current Ethereum price action and that of 2021. He stated that the 2021 playbook is repeating, with ETH having a dead count bounce, then a final retest before the parabolic leg. The analyst expects the altcoin to retest the $2,000 level before the massive move to the upside.  Related Reading: Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next His accompanying chart showed that Ethereum could rally to as high as $11,000 on this uptrend. Merlijn had remarked that ETH has more firepower this time around than in 2021, which is why the altcoin could witness such a parabolic move to the upside. Interestingly, based on the chart, this rally is expected to happen between now and year-end. At the time of writing, the Ethereum price is trading at around $2,480, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

After suffering a major price crash back during the weekend, the Ethereum price has enjoyed an over 10% bounce that has put it back above major support levels. However, even with the recovery, the altcoin sits on shaky ground with geopolitical and macroeconomic factors still unstable. On the charts, there is also uncertainty as the second-largest cryptocurrency by market cap has failed to make any definitive moves from here, showing inconsistencies in movement. Ethereum Price Struggling At EMA Crypto analyst Swallow Academy noted that the Ethereum price has returned to trading at its Exponential Moving Average (EMA) earlier in the week after bouncing from its weekend lows. This has been referred to as the level of interest and sits around the $2,400 level, which has served as major support in the past. Related Reading: Analyst Says XRP Is Moving According To Plan, Here’s Why $1.90 Is Important The harsh drop from the weekend that pushed ETH from $2,500 to $2,150 has no doubt dented sentiment and sparked caution among investors. But the retest of the EMA at $2,400 suggests that buyers are still exerting their force and have been pushing up the price. Given these recent developments, the crypto analyst explains that it is currently a waiting game for the Ethereum price. From here, it could go either way, as confirmation is needed for which direction it is headed next. A breakout from here could move it back above the $2,800 resistance. However, a crash could be confirmation of rejection, sending Ethereum spiraling back toward lows at $2,000. Mapping Out Next Steps As the Ethereum price continues to show signs of continuation, crypto analysts have begun to map out where the altcoin might be headed next. Mister Spread pointed to the fact that Ethereum had actually shown a bullish Power of 3 (PO3), consisting of accumulation, deviation, and expansion. Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The accumulation phase has been completed, and is now in the phase of deviation, explaining the price crash. Now, the price seems to already be breaking out of the deviation box, suggesting that the expansion phase will be coming sooner than expected. Once the expansion phase is in motion, the crypto analyst expects the Ethereum price to move back into the supply area of $2,800-$3,000. However, if the price fails to climb and falls back below $2,100, then this bullish thesis would be invalidated. Featured image from Dall.E, chart from TradingView.com

Ethereum price started a fresh increase above the $2,350 zone. ETH is now showing positive signs and might aim for a move above the $2,550 zone. Ethereum started a fresh upward move above the $2,320 level. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,550 resistance zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,250 support level, like Bitcoin. ETH price was able to clear the $2,320 and $2,350 resistance levels to move into a positive zone. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,115 low. The price is now facing hurdles near the $2,500 zone. Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. The price is now stuck near the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,115 low. On the upside, the price could face resistance near the $2,480 level. The next key resistance is near the $2,500 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,600 resistance. An upside break above the $2,600 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,550 resistance, it could start a fresh decline. Initial support on the downside is near the $2,440 level and the trend line. The first major support sits near the $2,390 zone. A clear move below the $2,390 support might push the price toward the $2,310 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,310 Major Resistance Level – $2,550

Ethereum price started a fresh increase above the $2,220 zone. ETH is now showing positive signs and might aim for a move above the $2,550 zone. Ethereum started a fresh upward move above the $2,220 level. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,500 resistance zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,200 support level, like Bitcoin. ETH price was able to clear the $2,220 and $2,250 resistance levels to move into a positive zone. The bulls even pushed the price above the 61.8% Fib retracement level of the downward wave from the $2,568 swing high to the $2,115 low. However, they are now facing hurdles near the $2,480 and $2,500 levels. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. The price is now just above the 76.4% Fib retracement level of the downward wave from the $2,568 swing high to the $2,115 low. On the upside, the price could face resistance near the $2,500 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,565 level. A clear move above the $2,565 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,720 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh decline. Initial support on the downside is near the $2,390 level and the trend line. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,320 support. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,500

Ethereum’s price action in the past 24 hours has been characterized by a fall toward $2,100 before rebounding to the upside very quickly. Ethereum’s price dropped to $2,130 in the past 24 hours on crypto exchange Coinbase amidst a broader fall in the crypto industry, which also saw Bitcoin break below $100,000 very briefly.  Despite the sudden Ethereum price correction, analysts have presented arguments that hint at a strong Ethereum rally once this current downturn is complete. Notably, their projections are not short-term, and one of them puts Ethereum’s next major target around $6,000. Wave A Complete, But Downside Likely Before Rally The first detailed analysis came from @CryptoWaveV, a trader who uses Elliott Wave Theory to forecast market structure. According to his recent post, Ethereum’s price has now completed what he considers to be wave A of a larger corrective structure. His chart shows Ethereum breaking down from a high around $2,900 and falling almost directly into a Fibonacci-based support zone between $2,134 and $1,957. Related Reading: Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets Now that the Wave A pattern is complete, the prediction is a short-term bounce to as high as $2,792 as part of a wave B retracement. However, this upward move would likely be temporary before another Wave C leg downward, which could drive the Ethereum price to as low as $1,706 before a meaningful bottom is confirmed.  This level is what the analyst refers to as his “ideal buy zone” for long-term accumulation. Although the short-term view includes price crashes, a full bullish impulse will resume once this corrective phase is complete. Wyckoff Structure Points $6,000 ETH Price Merlijn, a popular analyst on X, shared a contrasting yet converging perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn stated, “Ethereum: Wyckoff says go.”  Related Reading: The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025 According to the daily price chart that followed his analysis, the analyst showed that the crypto had already completed the spring and test phases, which are both components of a Wyckoff accumulation pattern. What comes next, according to the Wyckoff method, is the markup phase.  The chart Merlijn posted aligns with this outlook. The chart projected that Ethereum will reclaim a horizontal range between $2,150 and $2,450, followed by a steady progression above $3,850, and then another strong move past $4,800, before ultimately culminating around $6,800 to $7,000. This bullish setup suggests that while the recent dip to $2,100 might have shaken confidence, it may have served a larger structural purpose. The spring and test patterns imply a final shakeout of weak hands, clearing the path for long-term buyers to step in. Finally, the outlooks from both analysts converge on a six-month to one-year trajectory that could see Ethereum breaking into the $6,000 range, if not higher. At the time of writing, Ethereum is trading at $2,420, up by 7.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught bears off guard, fueling speculation about whether this was a mere fakeout or the start of a fresh rally. Fakeout Fools The Bears: Ethereum Reclaims Critical Support In a recent post on X, UniChartz drew attention to a classic fakeout move by ETH, where the price momentarily dipped below a significant support level and an ascending trendline, only to reclaim both shortly after. This sudden reversal disrupted bearish expectations, especially for those anticipating a deeper drop. Instead of confirming a breakdown, ETH snapped back above the key zone with notable strength, shaking up short-term sentiment. Related Reading: Ethereum Price Headed For Crash To $2,000 With Current Price Action According to UniChartz, this kind of false breakdown often traps bearish traders and can act as fuel for an upward move if momentum builds. The reclaim of the support zone is a strong technical signal, indicating that bulls are still in control for now. It not only invalidated the bearish thesis but also injected fresh optimism into the market, hinting at the possibility of a short-term rally. Still, UniChartz cautioned that follow-through is critical. If ETH can hold above this reclaimed area and form higher lows, it could set the stage for continued upside. However, any weakness or failure to maintain the level could lead to another shakeout.  From Breakdown To Breakout? Key Levels In Focus After reclaiming the previously lost support level, Ethereum is showing signs of strength, but whether it can sustain this momentum remains the key question. The bounce has surprised many, especially after what looked like a clean break below a rising trendline and horizontal support. The current price action suggests bulls are regaining control, but the road ahead is lined with several resistance hurdles that could stall or reverse the advance. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow The first level to watch lies around the $2,858 level, where Ethereum previously struggled to maintain traction. This area marks a confluence of short-term resistance from prior price rejections. A decisive close above this could open the door for a push toward $3,360, a level that has historically acted as a pivot zone and may attract both profit-taking and fresh short positions. Beyond that, the $3,659 level stands as a key psychological and technical barrier. This region is where bears have previously reasserted control, and reclaiming it would be a statement of intent from the bulls. Only a sustained break above this zone, ideally on strong volume, would signal a shift back toward a more dominant uptrend, potentially eyeing $4,100 and beyond. For now, the reclaimed support offers a solid base, but Ethereum’s upward journey depends on the bulls defending it convincingly and clearing these major resistance zones with strength and consistency. Featured image from Getty Images, chart from Tradingview.com

Ethereum saw a notable decline in its price over the last week, and the weekend culmination pulled the price back towards levels not seen in over one month. The movement tracks with the established bearish trend of the month of June and continues to show mounting sell pressure on the cryptocurrency. However, with this decline has emerged a trend similar to what was seen back in 2021, right before the market picked up and saw the beginning of the altcoin season. Ethereum Price Crash Similar To 2021 Looking at the current Ethereum price action and that of what was seen back in Q2 2021, there have been some striking similarities. Most especially, how the Ethereum price has performed in the month of June so far has been the same as what happened back in June 2021. Related Reading: Bears Will Be Washed Out Of Bitcoin If This Happens In 2021, the Ethereum price began the month of June trading above $2,600. However, as the month went on, the altcoin suffered multiple declines and crashed below $2,000 before it was over. Eventually, the price would find its bottom somewhere around $1,600 before the decline was over. Fast forward four years to the year 2025, and the month of June is showing the same trend. June 2025 had begun with the Ethereum price trending above $2,600 before the bears took control. Since then, the altcoin has crashed by more than 20%, and looks primed for more. Using the historical performance, it would suggest that the Ethereum price decline is far from over. If there is a repeat of June 2021, then Ethereum could suffer another 20% crash before the month of June is over, to find its bottom somewhere between $1,600 and $1,700. The Trigger For Altcoin Season Given that Ethereum is the largest altcoin in the market, it is naturally the trigger for the altcoin season. Looking back on 2021, the altcoin season began when the Ethereum price began to rally. But the recovery did not begin until the month of July, and eventually lasted into the month of November. Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications So far, investors are already looking positively toward July 2025, as there have been rumors of a rate cut. This is expected to trigger a market rally for risk assets such as Bitcoin and Ethereum, coupled with the fact that a resolution to the Iran-Israel war could be in the works. If this trend holds, then it is possible that the Ethereum price would begin to rally in July. As seen in 2021, Ethereum would end up rising over 200% in the course of five months, to put in a new all-time high in the month of November. Featured image from Dall.E, chart from TradingView.com

Ethereum price started a fresh increase from the $2,120 zone. ETH is now up over 8% and might face resistance near the $2,460 zone. Ethereum started a fresh upward move above the $2,200 level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,460 resistance zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,120 support level, like Bitcoin. ETH price was able to clear the $2,200 and $2,250 resistance levels to move into a positive zone. Besides, there was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,440 level. The next key resistance is near the $2,460 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,550 resistance. An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone or even $2,650 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,460 resistance, it could start a fresh decline. Initial support on the downside is near the $2,340 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120. 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 – $2,320 Major Resistance Level – $2,460

Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance. Ethereum started a fresh decline below the $2,350 level. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,320 resistance zone in the near term. Ethereum Price Eyes Recovery Ethereum price started a fresh decline below the $2,500 support level, like Bitcoin. ETH price declined below the $2,350 and $2,250 levels. The bears even pushed the price below the $2,200 level. The pair tested the $2,120 zone and started a consolidation phase. There was a minor move above the $2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,250 level. There is also a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH/USD. The next key resistance is near the $2,340 level. It is close to the 50% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,340 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,150 zone. A clear move below the $2,150 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,150 Major Resistance Level – $2,340

Blockchain tracking service Whale Alert posted a major alert showing that 129,392 ETH was transferred from an unidentified wallet to Coinbase as the Ethereum price tumbled. On-chain data from Etherscan shows that this particular wallet had not been involved in the transfer of large ETH volumes since November 2022. This sudden reactivation and deposit into a centralized exchange opens up speculation of a looming selloff, especially given the timing of the transfer. Massive ETH Transfer As Middle East Tensions Escalate Whale transaction tracker Whale Alerts, which initially reported the transfer on the social media platform X, noted that at the time of the transfer, these 129,392 ETH were worth $312,981,377. The timing of the transfer is noteworthy because it occurred when the price of Ethereum failed to hold above $2,500 and had already begun to struggle to stay above $2,400.  Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications Etherscan’s tracking of on-chain transactions indicates that the unknown wallet “0xd47b,” which was involved in the transfer, has been relatively inactive since late 2022. Particularly, its last transaction was an inflow of 6,469 ETH from another wallet linked to Coinbase.  The latest transfer into Coinbase leans more towards the possibility of a selloff through the exchange. Since then, the Ethereum price has lost a key support level at $2,450. Its price has fallen notably in the past 48 hours.  Although other factors are clearly contributing to the dip, particularly new geopolitical tensions after the US launched attacks on Iran, this whale deposit into Coinbase may have increased the downward pressure. Exchange inflows of this magnitude are a precursor to liquidation, particularly now that investor sentiment is on edge. Bearish Setup Confirms Downside Targets The technical picture for Ethereum is now turning bearish, at least in the short term. Technical analysis of Ethereum’s 4-hour chart on the TradingView platform shows a clear bearish breakdown setup after Ethereum broke below a crucial support line at $2,362. That support level has now been breached, and confirmation of the breakdown amplifies a bearish case moving forward.  Related Reading: Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800 Chart Image From TradingView The chart above, which includes overlays of the Ichimoku Cloud, shows a fading bullish momentum in the past few days. Previous failed attempts to break resistance have left Ethereum in a vulnerable zone, and the recent whale selloff may have delivered the final push needed to trigger this leg down.  If the current trajectory continues, Ethereum could be on its way to retesting lows below $2,000. According to the TradingView analysis, potential reversal targets are at $2,151 and $1,954, with a third possible level at $1,750 if the selloff is more than expected. At the time of writing, Ethereum is trading at $2,290, down by 5.5% and 10% in the past 24 hours and seven days, respectively. Featured image from Dall.E, chart from TradingView.com