Ethereum (ETH) Price Prediction for July 6, 2025: Can ETH Break Out After Retesting $2,520?

Key Points

1. Ethereum's price is currently consolidating near $2,523, with key support at $2,480 and resistance at $2,560.

2. The 4-hour chart shows ETH rebounding from $2,450, stabilizing above the 100 EMA at $2,486, with EMAs clustering between $2,486 and $2,525.

3. ETH is respecting an ascending triangle pattern since early June, with higher lows near $2,240 and a ceiling near $2,560.

4. Short-term outlook is cautiously bullish if ETH holds above $2,480; a breakout above $2,560 could target $2,600–$2,640, while a drop below $2,480 may test $2,424 (Fib 0.382).

5. Derivative data shows a slight contraction in open interest and $42.68 million in liquidations, with Binance's long ratio at 2.10, indicating slight bullish sentiment.