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
- Whales Accumulate 24 Million FTM Tokens as Fantom Prepares for Sonic Upgrade and Price Action Possibilities2025-07-03 22:51:23
- Nifty Island Prepares for ISLAND Token Launch: A Look at Airdrop and Utility in Ethereum Gaming2025-07-03 22:51:23
- Bitget Receives BSP License in El Salvador; Potential for Bitcoin Expansion and Regional Growth2025-07-03 22:51:20
- Bitget Authorized for Bitcoin Services in El Salvador, Eyes Expansion into Other Crypto Tokens2025-07-03 22:51:17
- Ethena Labs Launches USDtb Stablecoin, Potentially Shaping Future Market Dynamics with BlackRock’s Support2025-07-03 22:51:14