🚀 Ethereum Soars 7% in 24H: Bulls Charge Toward $2,800 Target

Ethereum isn't just moving—it's sprinting. A 7% daily surge has traders whispering about a $2,800 breakout, proving once again that crypto doesn't do 'modest gains.'

### The Fuel Behind the Rally

No slow-and-steady here. ETH's price action looks more like a rocket trajectory than a traditional asset—because who needs fundamentals when you've got meme-fueled momentum?

### The $2,800 Horizon

Technical charts suggest the bulls aren't done. That psychological barrier at $2,800? Just another target for the 'number go up' brigade. Meanwhile, Wall Street still can't decide if crypto is an asset class or a speculative fever dream.

### The Cynic's Corner

Let's be real—this is the same market where 'utility' and 'dog coins' somehow coexist. But hey, 7% in a day beats your bank's 0.01% APY... if you ignore the 20% drops that come without warning.

The Daily Chart

ETH recently found solid support at the key 100-day moving average NEAR $2K, triggering a surge in buying interest and a shift in momentum.

The asset has successfully broken above the pivotal 200-day MA around $2.5K, a level that has repeatedly acted as resistance in recent weeks. This breakout marks a notable bullish development.

However, to sustain this move, ETH needs to hold above the 200-day average. If bulls defend this area, the path toward the major resistance at $2.8K becomes more viable. For now, the price is likely to consolidate within the $2.5K–$2.8K corridor until a clear breakout determines the next major direction.

The 4-Hour Chart

On the shorter timeframe, ETH’s price posted a sharp rally after buyers stepped in around the 0.5–0.618 Fibonacci retracement zone, reclaiming the previously broken lower boundary of the bullish flag pattern. This recovery has invalidated the prior bearish breakdown, indicating that the MOVE was likely a bear trap.

Currently, the cryptocurrency is gaining traction, but it’s approaching a key bearish order block between $2625 and $2670, a zone where sellers may re-emerge.

If the buyers can overcome this supply area, a move toward the $2.8K resistance becomes increasingly probable. Conversely, failure to break through could trigger another phase of consolidation or a mild retracement.

By Shayan

Ethereum has just marked a significant milestone in Liquid Staking, reaching its highest monthly growth since June. Over the past month alone, staking activity surged by approximately 1 million ETH, an impressive 2.83% increase, setting a new monthly record for ethereum staking participation.

As of July 1, Ethereum achieved a fresh all-time high in Liquid Staking, with 35.56 million ETH now staked. This trend is largely driven by accumulation from institutional entities, including ETFs, large holders, and crypto funds. These participants are increasingly opting to earn yield through Liquid Staking protocols while they wait for long-term price appreciation.

This trend reduces the circulating supply and reflects a strong conviction in Ethereum’s future valuation. While a major breakout in ETH’s price has yet to occur, the consistent rise in Liquid Staking and institutional accumulation indicates that Ethereum may be on the brink of a significant upward move.