Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating gains and might aim for a fresh move above $2,620.

• Ethereum started a fresh increase above the $2,550 level.
• The price is trading above $2,580 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it remains supported above the $2,550 zone in the near term.

With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin.

In June 2021, Ethereum was at $ 2,400 and, through a long, arduous lateral price action, has once again bounced above that price range thanks to the support of Ethereum ETFs. Now trading above $2,565 and its 100-hour SMA, ETH looks poised for a stronger breakout. Immediate resistance sits at $2,600 and $2,620, while bulls are clinging to $2,550 as the line they can’t afford to lose. A sustained move could send ETH toward the $2,636 swing high. EthereumPriceMarket CapETH$315.08B24h7d30d1yAll time DISCOVER: Best Meme Coin ICOs to Invest in Today Are Ethereum Holders Going to Be Left Behind? Ethereum sisters, is it finally our time to shine? Institutional money has been flooding into Ethereum ETFs with $1.17 billion in June, over $1.5 billion so far this year, and projections point to $10 billion by the end of 2025. Bitwise CIO Matt Hougan says it’s simple: “Ethereum increasingly becomes the settlement layer for regulated finance.” As these ETFs pull TradFi deeper into the blockchain, ETH is fast becoming the go-to for tokenized stocks, bonds, and beyond. Additionally, Ethereum’s scalability playbook is working for now. Arbitrum, Optimism, and zkSync are racking up usage as Layer 2s soak up DeFi traffic and gaming demand. Meanwhile, EIP-7983—an upcoming cap on per-transaction gas—promises smoother sailing ahead. It’s a defensive move, but a smart one, as rivals like Solana eye the throne. The future of Ethereum is for everyone https://t.co/QY2zy4fQU3 — Polygon (@0xPolygon) May 9, 2025 If Ethereum has any chance of breaking ATHs this year, it will be through its Layer 2 dominance.  After months of holding above $2,425, it’s carved out a rounded bottom that some analysts say could be the launchpad for a move toward $8,500 this cycle. The technicals match the narrative for ETH with stronger fundamentals, deeper institutional ties, and no signs of structural weakness. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What’s Next for Ethereum? The old ploy that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620. With ETF inflows growing and Layer 2 infrastructure clicking into place, the setup leans bullish. Still, any drop below $2,520 throws the trend into question. For now, ETH is stuck in a pressure cooker of institutional money, tech upgrades, and trader nerves. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways

• ETH has once again bounced above that price range thanks to the support of Ethereum ETFs.
• The old plow that is Ethereum is waiting to be used. ETH has room to run, but only if it clears the ceiling at $2,620.

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.”

TLDR:

• Ethereum price fluctuates between $2,379 and $2,519 with no strong directional trend.
• Analysts say $2.8K breakout is needed to signal bullish continuation for ETH.
• Short positions build up, increasing risk of a squeeze if ETH rebounds fast.
• Traders remain cautious as ETH lacks momentum and range conditions persist.

Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum (ETH). In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value. Lee says that ETH should have a much higher value because of the market value of the projects that are being built on the layer-1 blockchain, including Circle, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin (EURC). USDC and EURC were initially launched on the Ethereum blockchain. “I’ll just give you something simple to think about… Circle, which has been a very successful IPO (initial public offering), and it’s been the most successful IPO in the last few years, and it’s crypto. Crypto has been one of the best equities, and now the best IPOs. But Circle trades at around 100 times EBITDA (earnings before interest, taxes, depreciation and amortization). A 1% yield or a 1% EBITDA yield is a pretty sizable multiple. But stablecoins really operate off a layer-1. A lot of Circle operates off Ethereum. And if you look at the tech stack, typically, the more you get into that layer-1 level, the higher the multiple should be for the business, because it actually benefits from the multiple applications sitting on top of it… On that same metric, Ethereum should have a much higher multiple… Ethereum would be very undervalued if you were looking at Circle relative to layer-1. So Ethereum probably could go to $10,000 or something. If the world suddenly realized we’re going to tokenize more things, and these tokenized assets, like tokenized dollars, trade at 100 times EBITDA, what should the blockchain be valued at? ETH should maybe be worth a lot more money.” ETH is trading for $2,502 at time of writing, down 2.9% in the last 24 hours.   Follow us on X, Facebook and Telegram
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&nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Timofeev Vladimir The post Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000 appeared first on The Daily Hodl.

A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins. In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000. “Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!” Source: Ali Martinez/X BTC is trading for $109,644 at time of writing, a fractional increase on the day. Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range. “Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.” Source: Ali Martinez/X ETH is valued at $2,579 at time of writing, a marginal increase on the day. Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low. “Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.” Source: Ali Martinez/X DOGE is trading for $0.17 at time of writing. Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out. Source: Ali Martinez/X SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours. Newsletter] &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana appeared first on The Daily Hodl.

Ethereum is sending a fresh jolt through the crypto market after a sudden upward move on Thursday, with its price finally reclaiming the key $2,500 mark once again. Bullish signals are presently aligning with this renewed strength, which points to a possible continuation of the notable rally. Golden Cross Lights Up Ethereum Chart Examining recent price performance, it is observed that the Ethereum technical landscape just came alive, reviving market optimism with a typical bullish signal. Melijn The Trader, a seasoned crypto expert and investor, reported this bullish signal in a post on X, which hints at a potential reversal of an upward trend. Specifically, this key positive signal is a Golden Cross. A Golden Cross is considered a bullish indicator that occurs when the short-term moving average climbs above the long-term one. It is a crucial signal that is capable of flipping a trend from the downside to the upside. According to Melijn The Trader, the golden cross has appeared in the 1-day time frame chart after a period of waning price action. This signal, in alignment with recent upswings, indicates growing momentum that is likely to pave the way for the next substantial rally to higher price levels. Looking at the daily chart, Ethereum flashed the golden cross just a little above the critical $2,500 price mark. Melijn The Trader highlighted that this point is where bull markets tend to kick off, and history does not take it lightly. Considering the fact that a golden cross is a bullish development, Melijn The Trader claims that ETH is currently sending a clear signal about a breakout to the upside. With prices presently rising and technical indicators flashing positive signals, the expert is confident that the next leg is not a matter of if, but when. ETH Bounces After Retests Key Trend Line Melijn The Trader has also delved into the 2-day time frame chart of Ethereum, revealing that the altcoin is gearing up for a rally. The analyst has identified a descending resistance trendline and an ascending support trendline, currently determining the next potential direction of ETH. A look at the chart shows that Ethereum recently broke above the descending resistance trend. However, ETH failed to initiate a rally, which led to a period of consolidation within the $2,200 and $2,700 price range. Currently, the altcoin just nailed a retest of the descending resistance trend line and has bounced perfectly off the line. ETH’s rebound from the trend line points to signs of rally continuation, with Melijn The Trader noting that this is where the next wave will begin. While the altcoin prepares for a liftoff, the expert stated that the market is watching this key signal. However, only a few are positioned for the impending leg-up.

Technical analysis shows Ethereum has just exhibited a failed golden cross on the 1-day candlestick timeframe chart. The golden cross is widely regarded as a bullish momentum signal. This technical formation, where the 50-day moving average climbs above the 200-day moving average, last occurred on Ethereum’s daily candlestick chart in December 2024 and resulted in an 18% surge. This time, though, the story is very different. Rather than triggering another rally, Ethereum’s price action has been quite flat, which makes it difficult to imagine a break above $3,000 very soon. Lack Of Follow-Through Shows Ethereum’s Weakness According to technical analysis initially noted on the social media platform X, Ethereum recently exhibited a golden cross. However, according to the analyst, this was a failed golden cross, as Ethereum’s price barely moved when it happened on the daily timeframe.  The analyst, who goes by the name Honey on the social media platform, noted that the lack of movement shows more profound issues in current market conditions, especially in terms of liquidity and sentiment. The golden cross should have injected life into Ethereum’s price action, but instead, it shows the absence of momentum. Ethereum’s price performance following the crossover has made the pattern feel more like a false signal than what the golden crossover is mostly known as. The chart below shows that while the moving averages did cross, the price action around that moment was uneventful and even slightly bearish. This is a huge difference from what happened in December 2024, when the same pattern was followed by a quick upside push. Back then, Ethereum’s price surged by about 18% to touch $4,000 very briefly. Return To $3,000 Might Take Longer Than Expected The bigger takeaway is not just the failed breakout, but what it implies about the coming quarter. According to the analyst, this entire crypto market might witness a sluggish and choppy Q3, particularly if Bitcoin is below the $111,000 mark.  In this environment, it’s difficult to imagine Ethereum making a clean run to the $3,000 milestone any time soon. The lack of momentum does not bode well for bullish forecasts, even though Ethereum has so far held its ground at support levels around $2,400.  At the time of writing, Ethereum is trading at $2,548, down by 2.1% in the past 24 hours. Data from CoinGecko shows that the leading altcoin reached an intraday high of $2,630 in the past 24 hours, but it has failed to hold up this momentum. For Ethereum to break out of its current zone and move to $3,000, it would need a wave of liquidity and confidence.  This recent volatility is tough for Ethereum’s bullish prospects, but its long-term outlook is relatively strong. Interestingly, one particular analyst believes that Ethereum is going above $10,000 this cycle.

Ethereum is trading above the $2,500 mark but continues to struggle with strong resistance near $2,600, a key level that has capped further upside in recent sessions. After gaining over 23% since June 22, ETH has shown signs of strength, reclaiming crucial levels and riding the wave of market-wide optimism. However, as the broader crypto market stalls, Ethereum’s momentum appears to be slowing down. The bullish impulse that drove ETH higher in late June is now meeting headwinds. Despite holding above important moving averages and maintaining a short-term uptrend, Ethereum has failed to break decisively above the $2,600 barrier. Analysts warn that a failure to reclaim this level with strong volume could lead to a short-term correction. Top analyst Carl Runefelt shared insights indicating a potential bearish setup on the 4-hour chart. According to Runefelt, Ethereum is forming a pattern that could lead to a pullback toward lower demand zones if momentum continues to fade. The coming days will be critical, as bulls attempt to maintain control while bears eye an opportunity to reclaim short-term dominance. Ethereum Faces A Critical Level Ethereum is approaching a crucial juncture following a week marked by volatility and renewed bullish momentum. After reclaiming the $2,500 level and rising over 23% since June 22, ETH has regained the attention of investors. However, the rally now faces a critical test: breaking above the $2,700 resistance level. A successful move above this threshold could ignite a broader altcoin rally, as Ethereum often acts as the leader for the altcoin market. Market sentiment remains cautiously optimistic, with bulls appearing to control short-term price action. Ethereum is trading above key moving averages and remains structurally bullish on higher timeframes. Yet, price has stalled just below the $2,600–$2,700 zone—a key supply area that must be flipped into support to confirm the next upward leg. A clean breakout could propel ETH into a new price range, allowing other altcoins to follow and break above their own resistance levels. Carl Runefelt cautions that Ethereum is currently forming a rising wedge pattern on the 4-hour chart—a potentially bearish setup. If the pattern plays out, ETH could fail to break higher and instead fall back toward lower support zones. Runefelt points to the $2,200 level as a key horizontal support that could be tested if momentum weakens and sellers regain short-term control. For now, Ethereum’s price action remains in a tight range. A decisive breakout or breakdown will likely define the direction of the altcoin market in the weeks ahead. Traders and investors alike are closely watching ETH’s next move, as it could set the tone for the remainder of the summer crypto cycle. ETH Price Analysis: Key Resistance At $2,600 Ethereum’s price action continues to reflect a tug-of-war between bulls and bears as it hovers around the $2,550 level, just under the critical resistance at $2,600. After reclaiming that level briefly, ETH failed to hold its gains and pulled back slightly, suggesting sellers remain active at this zone. The chart shows Ethereum forming a lower high in the near term, raising short-term caution among traders. The 50-day and 100-day simple moving averages are now converging around $2,500–$2,530, acting as immediate support. As long as ETH holds above these levels, the medium-term outlook remains constructive. However, any sustained drop below these moving averages could invite additional downside pressure, possibly dragging the price back toward the $2,400 range or even testing the 200-day SMA near $2,180. Volume has remained moderate, showing that neither side has taken full control. Until ETH decisively breaks above $2,600 and flips it into support, the uptrend remains unconfirmed. The next key resistance sits at $2,700. Conversely, a rejection from current levels could indicate the formation of a range-bound structure or a rising wedge breakdown, as some analysts like Carl Runefelt suggest. Featured image from Dall-E, chart from TradingView