Ethereum (ETH) Price Prediction & Analysis for July 12
2025-07-11 09:15:08
Main Idea
Ethereum's price is showing strong bullish momentum, approaching the critical $3,000 mark, supported by technical indicators and on-chain behavior, with potential for further gains if key resistance levels are breached.
Key Points
1. Ethereum's price is trading near $2,980, with a bullish breakout above the $2,715–$2,750 resistance zone, reinforcing a structural reversal.
2. On-chain data shows investors moving ETH to self-custody, a historically bullish trend, despite a slight uptick in exchange reserves.
3. Momentum indicators like RSI and MACD suggest temporary consolidation but remain bullish, with strong support from moving averages.
4. Ethereum is nearing the apex of a multi-year symmetrical triangle, with a break above $3,200–$3,500 potentially signaling a new macro uptrend.
5. Short-term support levels are at $2,945–$2,965 and $2,715, with resistance at $3,081 and $3,525, indicating potential for further upside if support holds.
Description
Ethereum’s bullish momentum accelerated this week, pushing Ethereum price today toward the critical $3,000 mark. The rally has been backed by a sustained breakout from descending trendlines and a clean reclaim of prior resistance zones. As of writing, ETH is trading near $2,980, marking a fresh local high with bullish continuation signals across multiple timeframes. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily chart, Ethereum price has cleanly bro...
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