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Ethereum Closes on $2,800 in 7% Gain But Resistance Remains

2025-07-10 04:50:35

Ethereum Closes on $2,800 in 7% Gain But Resistance Remains

Main Idea

Ethereum's price surged by 7% in under 24 hours, reaching $2,787, while analysts discuss potential breakout patterns and market trends, and Bitcoin briefly hit a new all-time high before retracting.

Key Points

1. Ethereum's price increased by 7% in under 24 hours, reaching $2,787 during early trading in Asia.

2. Analysts suggest Ethereum is on the edge of a significant upward breakout, comparing its current pattern to Bitcoin's 2020-21 cycle and Ethereum's 2017 rally.

3. Bitcoin briefly reached a new all-time high of around $120,000 on some exchanges before falling back to $111,000.

4. The combined market capitalization of the top two cryptocurrencies added $100 billion, bringing the total crypto market cap to $3.53 billion.

5. Altcoins like XRP, Dogecoin, Cardano, Hyperliquid, Sui, and Stellar performed well, showing mostly positive trends.

Description

Ethereum has made a rare move north today, adding 7% in under 24 hours to reach $2,787 during early trading in Asia on Thursday morning. The four-week high is the highest the asset has traded since June 12, when it reached $2,870. However, heavy resistance lies at this level, and Ether has not traded above $3,000 since early February. Nevertheless, analysts and traders remain optimistic. What The Analysts Are Saying “ETH is nicely grinding back upwards, and it’s on the edge of having a big break...

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Tags:
AA News Crypto News ETHBTC ETHUSD Ethereum Ethereum (ETH) Price
$ETH
$2785.60
+5.01%
$DOGE
$0.18074
+4.50%
$HYPE
$41.527
+6.09%
$SUI
$3.2568
+10.38%
$ADA
$0.6284
+2.92%
$BTC
$110951.8
+1.66%
$XRP
$2.4419
+3.13%
$XLM
$0.28986
+1.00%
$FORM
$2.9267
+4.43%

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