Ethereum May Continue Sideways Within $2,227–$3,385 Range Amid Rising Accumulation and Institutional Interest
2025-07-03 04:50:35
Main Idea
Ethereum's price is consolidating between $2,227 and $3,385, with $2,700 identified as a key breakout level, amid rising institutional interest and accumulation.
Key Points
1. Ethereum's price is range-bound between $2,227 and $3,385, with $2,700 seen as a crucial breakout level.
2. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, but lack of strong volume tempers immediate breakout expectations.
3. Institutional accumulation is growing, with examples like BitMine's $250 million private placement for ETH treasury expansion.
4. Network upgrades like Petra and Fusaka are improving Ethereum's transaction finality and scalability, attracting institutional interest.
5. Analysts suggest a breakout above $2,700 could propel Ethereum toward $3,000 and beyond, driven by technical indicators and on-chain data.
Description
Ethereum continues to trade within a well-defined consolidation range, signaling cautious market sentiment amid growing accumulation by long-term holders. Institutional interest and technical indicators suggest a potential breakout, though analysts
Latest News
- Ripple XRP and SBI Group Forge Path in Japan Using XRPL for Blockchain Supply Chain Solutions2025-07-03 16:53:11
- MicroStrategy Controls 1% of Bitcoin Circulation, Holding Valued at $13.6 Billion2025-07-03 16:53:10
- Bitcoin Struggles at $62K as Hong Kong ETFs Stir Market Optimism2025-07-03 16:53:10
- Bitcoin Leads $300M Influx in Hong Kong’s New Crypto ETFs, Challenging U.S. Dominance2025-07-03 16:53:10
- Spot Bitcoin ETFs Experience First Major Outflows in April Amid Market Cool-Off2025-07-03 16:52:50