At the beginning of July 2025, Ethereum is in a dynamic accumulation phase and is preparing for a significant movement. Against the backdrop of the seventh consecutive week of positive inflow into ETH-ETF (over 100,000 ETH), the price remains steadily above $2,400. Nevertheless, low volumes and caution from major players restrain sharp growth and lead to consolidation in the range of $2,375–$2,745.
📌 Key levels today:
• Support: $2,375–$2,400 — a strong zone from which ETH has rebounded three times in a month.
• Resistance: $2,745–$2,850 — a massive wall, through which the price has only moved in impulses.
📊 Technical tools:
• The “Bull Flag” pattern indicates readiness for continued growth upon a breakout upwards.
• RSI and MACD have neutral but positive signals — MACD is aiming for a crossover upwards.
• On-chain activity is historically high — an unprecedented level of transaction activity and inflow into hodl wallets suggests long-term interest.
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📈 Bullish scenario:
ETH consolidates above $2,675:
• First target: $2,745–$2,850
• Next: $3,067
• Maximum: $3,465 — if the ETF influence continues, along with activity in DeFi and bullish sentiments.
📉 Bearish scenario:
If the price bounces down from the center of $2,375–$2,400:
• Correction: towards $2,150
• Sharp decline: possible movement to $1,950 in case of panic or macro stresses.
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🔑 Conclusion
Ethereum is balancing before an important turning point. A breakout of the massive resistance zone ($2,745–$2,850) will indicate a new impulse towards $3,000+. However, a reversal down with the loss of support at $2,375 will lead to a deep pullback to $2,150. Today, everything depends on volumes and the market's reaction to key levels.
