Ethereum (ETH) Touches Support: Next Price Rise Opportunity!

Jakarta, Pintu News – Ethereum (ETH) has recently started a significant price increase, successfully breaking through the $2,520 zone. Despite the correction, there is potential for a higher upside movement above $2,580.

Ethereum’s (ETH) Approach to Support

Bitcoin (BTC) fluctuates, traders bet against the rally. Will this be a big mistake? Follow the latest developments in the crypto market. Ethereum (ETH) started an impressive rise by breaking through the $2,550 zone, similar to Bitcoin (BTC). The rise accelerated as Ethereum (ETH) managed to cross the $2,565 resistance zone and enter positive territory. The bulls managed to push the price past the 61.8% Fibonacci retracement level of the decline from the $2,636 high to the $2,475 low.

However, the bears remain active near the $2,600 resistance zone, preventing further gains. The price experienced rejection near the 76.4% Fibonacci retracement level of the same drop. Currently, Ethereum (ETH) is trading below $2,550 and the 100-hour simple moving average. Ethereum (ETH) is testing $2,520 support, with an important bullish trend line having support at $2,530 on the ETH/USD hourly chart.

Also Read: XRP price surges but corrects, can bulls take over again?

Ethereum (ETH) Price Increase Potential

On the upside, Ethereum (ETH) may face resistance near $2,550. The next key resistance is near $2,580, and the first major resistance is at $2,600. If it manages to cross the $2,600 resistance, the price could head to $2,650. A break above the $2,650 resistance could trigger further gains in the coming sessions. In that scenario, Ethereum (ETH) could rise towards the $2,720 or even $2,800 resistance zone in the short term.

Ethereum (ETH) Price Drop Possible

If Ethereum (ETH) fails to break the $2,580 resistance, there could be a new drop. Initial support on the downside is near $2,520. The first major support lies in the $2,500 zone. If the price moves below the $2,500 support, it could push the price towards the $2,450 support. A further drop could send the price to the $2,350 support level in the short term.

Technical Indicators

The hourly MACD indicator for ETH/USD is gaining momentum in the bearish zone. Meanwhile, the hourly RSI (Relative Strength Index) for ETH/USD is currently below the 50 zone. This suggests that there could be more selling pressure emerging.

Conclusion

With strong support at $2,520 and potential resistance at $2,600, Ethereum (ETH) is at a critical juncture. Success in breaking this resistance could take Ethereum (ETH) to higher price levels, while failure could trigger further declines. Investors and traders should monitor these indicators to make informed decisions.

Also Read: Bonk Crypto Surges: Is the Next Target Beyond $0.000025?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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.

Reference

• NewsBTC. Ethereum Price Hits Support at $2520. Accessed on July 8, 2025