Ethereum Price Surges, Next Target Seen Clearly!

Updated

July 8, 2025

Gambar Ethereum Price Surges, Next Target Seen Clearly!

Jakarta, Pintu News – Ethereum has recently shown a significant increase, breaking through the $2,520 zone and now sitting above $2,550. With such strong momentum, Ethereum (ETH) looks set to continue looking for further gains.

Ethereum Price Increase

The Ethereum (ETH) price increase started with a fresh rise above the $2,520 zone, similar to Bitcoin . Ethereum (ETH) price accelerated its movement past the $2,550 resistance zone and entered the positive zone. Market participants were able to push the price past the 50% Fibonacci retracement level of the decline from the $2,636 high to the $2,475 low.

In addition, there was also a breakdown of the key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Currently, Ethereum (ETH) price is trading above $2,565 and the 100-hourly simple moving average. On the upside, the price may face resistance near the $2,600 level, which is adjacent to the 76.4% Fibonacci retracement level of the decline from the $2,636 high to the $2,475 low.

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Resistance and Next Target

The next key resistance lies near the $2,620 level. The first major resistance is near the $2,650 level. If there is a clear move past the $2,650 resistance, the price could head towards the $2,720 resistance. A break above the $2,720 resistance could trigger more gains in the coming sessions. In that scenario, Ethereum (ETH) could rise towards the $2,750 or even $2,800 resistance zone in the short term.

Possible Price Drop

If Ethereum (ETH) fails to cross the $2,600 resistance, there could be a new drop. Initial support on the downside is near the $2,550 level. The first major support lies in the $2,520 zone. A clear move below the $2,520 support could push the price towards the $2,500 support. Further losses could send the price towards the $2,420 support level in the short term. The next key support lies at $2,350.

Technical Indicators

The hourly Moving Average Convergence Divergence (MACD) indicator for ETH/USD is gaining momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for ETH/USD is now above the 50 zone. This suggests that buyers currently have control of the market, but need to be wary of potential changes in price direction.

Conclusion

With strong technical support and positive market momentum, Ethereum (ETH) seems set to test further resistance. Market participants should observe the mentioned key levels to take appropriate trading decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.