Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis
2025-07-05 15:18:35
Main Idea
Ethereum (ETH) is currently consolidating between the 100-day and 200-day moving averages, with potential for a breakout determining its next price movement.
Key Points
1. ETH is range-bound between $2.5K (200-day MA) and $2.8K, with a breakout likely defining its next trend.
2. A hold above the $2.5K support could lead to an upward move toward $2.8K, while a drop below may trigger extended consolidation or a decline.
3. Recent rejection at $2,670 pushed ETH back toward the $2.5K support, a historically significant zone.
4. Declining funding rates suggest reduced bullish conviction and potential short-term sideways movement.
5. Breaking above $2.6K and $2.8K resistance zones is needed for a sustained upward trend.
Description
Ethereum remains range-bound between the 100-day and 200-day moving averages, signalling a consolidation phase. However, a decisive breakout in either direction will likely define the next major trend, with market sentiment leaning toward a potential bullish breakout in the coming days. ETH Price Analysis: Technicals By Shayan The Daily Chart ETH is currently consolidating between the 100-day and 200-day moving averages, entering a decisive phase in its price action. After breaking above the piv...
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