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Ethereum Bulls Charge: Price Surge Signals Major Upside Breakout Ahead

Ethereum Bulls Charge: Price Surge Signals Major Upside Breakout Ahead

Author:
Newsbtc
Published:
2025-07-04 03:08:09
18
2

Ethereum isn't just gathering strength—it's priming for a full-scale breakout. The bulls have taken control, and the charts are screaming upside potential.

Why this rally has legs

Unlike those meme coins that crash faster than a Robinhood server during peak FOMO, ETH's momentum comes from real network upgrades and institutional interest. The Merge may be old news, but its effects keep compounding.

Technical setup screams opportunity

Key resistance levels are crumbling faster than a crypto skeptic's arguments during a bull market. The $3,500 zone now acts as support—a fact that's got traders stacking ETH like Wall Street stacks fees.

Just remember: in crypto, today's 'unstoppable rally' is tomorrow's 'healthy correction.' But for now? The smart money's betting on higher highs.

Ethereum Price Eyes More Gains

Ethereum price started a fresh increase above the $2,450 zone, like Bitcoin. ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone.

The bulls were able to push the price above the $2,620 resistance. However, there was no upside extension. A high was formed NEAR $2,636 and the price corrected some gains. There was a move toward the 23.6% Fib retracement level of the upward move from the $2,373 swing low to the $2,636 high.

Ethereum price is now trading above $2,560 and the 100-hourly Simple Moving Average. Besides, there is a short-term rising channel forming with support at $2,570 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $2,625 level. The next key resistance is near the $2,640 level. The first major resistance is near the $2,650 level. A clear MOVE above the $2,650 resistance might send the price toward the $2,720 resistance.

Ethereum price

An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term.

Another Decline In ETH?

If ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,570 level. The first major support sits near the $2,520 zone.

A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,520

Major Resistance Level – $2,620

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