BTCC / BTCC Square / Newsbtc /
Ethereum Breaks Resistance — Here’s the Next Price Target Traders Are Watching

Ethereum Breaks Resistance — Here’s the Next Price Target Traders Are Watching

Author:
Newsbtc
Published:
2025-07-07 03:08:57
11
3

Ethereum isn't asking for permission—it's bulldozing through resistance levels like a DeFi protocol swallowing liquidity. The smart contract giant just flipped key technical levels into support, and now the entire crypto market's holding its breath for the next move.

Why this rally has teeth

Unlike those meme coins that pump on celebrity tweets, ETH's climbing on pure utility demand. NFT mints are gas-guzzling again, L2 networks are processing transactions at ATH levels, and institutional money's finally realizing staking yields beat Treasury bonds.

The make-or-break level ahead

All eyes now turn to the psychological barrier that's crushed previous rallies. Break through, and we're looking at FOMO-fueled acceleration. Reject there? Prepare for leveraged longs getting liquidated faster than a Celsius withdrawal request.

Wall Street analysts would call this 'price discovery'—crypto traders just call it Tuesday. Either way, the ETH chart's printing the kind of volatility that makes stock brokers reach for their beta blockers.

Ethereum Price Eyes More Gains

Ethereum price started a fresh increase above the $2,520 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 50% Fib retracement level of the downward MOVE from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD.

Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance NEAR the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low.

The next key resistance is near the $2,620 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 $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 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 gaining 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 – $2,600

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users