Ethereum Eyes $2.8K Resistance Amid Bullish Consolidation
Ethereum (ETH) has gained 4% this week, showcasing resilience as it consolidates between its 100-day and 200-day moving averages. The cryptocurrency's ability to hold above the critical $2.5K support level has sparked Optimism among traders, with eyes now set on the next major resistance at $2.8K. Market sentiment remains bullish, despite sellers defending a bearish order block near $2,625 on the 4-hour chart. As of July 6, 2025, ETH's performance suggests potential for an upward breakout, contingent on maintaining key support levels and overcoming near-term selling pressure.
Ethereum Gains 4% This Week, Eyes Next Targets Amid Consolidation
Ether has risen 4% this week, navigating a consolidation phase between its 100-day and 200-day moving averages. The cryptocurrency's ability to hold above the pivotal $2.5K level—now retested as support—could pave the way for an upward thrust toward $2.8K resistance.
Market sentiment leans bullish as traders anticipate a decisive breakout. The 4-hour chart shows sellers defending a bearish order block NEAR $2,625, but ETH's resilience at key support levels keeps optimism alive for a continuation pattern.
Institutional Confidence in Ethereum (ETH) Grows Amid Price Consolidation
Ethereum's on-chain metrics reveal a notable decline in selling pressure from US-based whales and institutions over the past month, even as the altcoin's price remains range-bound. The Coinbase Premium Index (CPI), a key gauge of US investor sentiment, has consistently stayed above zero, signaling sustained accumulation.
Data from CryptoQuant shows ETH trading at a premium on Coinbase relative to Binance, with the CPI holding at 0.03. This divergence suggests American investors continue to buy despite lackluster price action—a stark contrast to scenarios where negative CPI values typically indicate profit-taking or waning interest.
The trend aligns with steady inflows into ETH-backed ETFs, reinforcing institutional conviction. 'When premiums persist through consolidation, it's often accumulation in disguise,' observed one analyst. Market participants appear to be positioning for the next leg higher rather than exiting positions.
The Crypto Winter Villains: Where Are They Now?
The cryptocurrency market's brutal winter of 2022 left a trail of collapsed empires and disgraced founders. Sam Bankman-Fried, Caroline Ellison, Do Kwon, and Alex Mashinsky became synonymous with the crisis—their names etched in the annals of crypto infamy alongside failed projects like Terra-Luna and bankrupt lenders.
The domino effect began with macroeconomic turmoil: post-pandemic inflation, interest rate hikes, and recession fears created a powder keg. Then came the spark—FTX's collapse, Three Arrows Capital's implosion, and the stETH depeg triggered by Bankman-Fried's $75 million market sell. These events exposed systemic vulnerabilities, turning a correction into a full-blown industry reckoning.
Today, courtroom dramas replace trading floors. Bankman-Fried awaits sentencing while others navigate restitution or exile. The wreckage serves as both cautionary tale and foundation—a purge that separated builders from opportunists.
Ethereum ETF Inflows Defy Price Slump as Institutional Demand Persists
Ethereum's price action has turned lackluster after its recent rally, with a 1-2% dip across major exchanges. Binance and CoinGecko data show the altcoin trapped in a tight $2,478-$2,555 range, signaling consolidation. Yet institutional players appear unfazed—spot ethereum ETFs recorded $92 million in fresh inflows on July 4, building on $148 million the previous day.
BlackRock's iShares Ethereum Trust dominates the flows, absorbing 32,987 ETH ($83 million) in a single day. Its war chest now holds 1.81 million ETH worth $4.57 billion, suggesting Wall Street's conviction outweighs retail traders' hesitation. The ETF saw only one outflow day last week—a negligible $1.82 million blip amid four days of robust accumulation.
Ethereum MVRV Suggests Market Peak Remains Distant Amid Modest Gains
Ethereum (ETH) posted a 4.1% weekly gain amid a broader crypto rebound, yet continues to face resistance at the $2,600 level. The Market Value to Realized Value (MVRV) ratio—hovering between 1.20 and 1.25—signals investor profitability but underscores lingering market uncertainty. Historically, ETH's MVRV peaks above 2.25 during cycle tops, suggesting current levels leave room for further upside.
Analyst Burak Kesmeci notes the 1.20-1.25 range reflects modest unrealized gains, with no immediate risk of mass profit-taking. The metric, which compares ETH's market cap to its realized cap, implies the asset remains undervalued relative to prior cycle highs. 'This isn't euphoria,' says a trader monitoring on-chain flows. 'It's accumulation disguised as stagnation.'
