Ethereum (ETH) Primed for Breakout: Key Support Holds as Analysts Predict Major Rally

Ethereum bulls are digging in as ETH defiantly clings to critical support levels. Market watchers now whisper about a potential surge—if the crypto's resilience holds.

Technical indicators flash green while traders eye the $3,500 resistance level. 'This could be the springboard,' says one analyst, though skeptics remind everyone that crypto markets eat 'sure things' for breakfast.

The real test comes if Bitcoin stumbles—will ETH decouple or get dragged down like altcoins always do? Either way, the charts are telling one hell of a story.

TLDR

• Ethereum holds above crucial $2,400 support level, suggesting potential upside momentum
• Crypto analyst Michaël van de Poppe expects ETH to test range highs in coming weeks
• Whale activity shows 1 million ETH purchased on June 16, the largest daily buy since 2018
• Spot Ethereum ETFs see three consecutive days of inflows totaling $232.4 million
• Price predictions target $2,608 by July and $3,853 by September 2025

Ethereum is trading at $2,448 as analysts watch for signs of a potential rally. The world’s second-largest cryptocurrency has maintained position above the $2,400 level that experts consider crucial for future price action.

MN Trading Capital founder Michaël van de Poppe expressed Optimism about Ethereum’s current position. He noted the token is holding above a key range low and expects it to test higher levels soon.

“So far, so good for ETH,” van de Poppe said in a recent post. He believes ethereum will likely test “the other side of the range” in upcoming weeks.

So far, so good for $ETH.

Holding above this crucial range low and we're likely going to be testing the other side of the range in the upcoming weeks. pic.twitter.com/wgkDmyiPlN

— Michaël van de Poppe (@CryptoMichNL) June 26, 2025

The cryptocurrency hit $2,871 on June 11 before entering a downtrend. This decline followed geopolitical tensions when Israel launched airstrikes on Iran, causing broader market weakness.

Ethereum has dropped 7.45% over the past 30 days. The token remains down 27.60% over the past 12 months according to market data.

Despite recent weakness, large investors continue showing interest. Whale activity data reveals buyers purchased 1 million ETH on June 16. This represents the largest single-day purchase since 2018.

Institutional Interest Growing

Spot Ethereum ETFs have recorded three consecutive days of inflows. Wednesday saw $60.4 million added, bringing the three-day total to $232.4 million.

$ETH ETF inflow + $60,400,000 yesterday.

Blackrock bought $55,200,000 Ethereum. pic.twitter.com/HXa7xdr7LS

— Ted (@TedPillows) June 26, 2025

These funds previously posted a record 19-day streak of consecutive inflows on June 14. The sustained institutional interest suggests growing confidence in Ethereum’s prospects.

Retail sentiment remains mixed as the third quarter historically proves challenging for Ethereum. Since 2014, the token has averaged just 0.88% returns during this period.

Other analysts share van de Poppe’s positive outlook. crypto commentator Crypto Fella points to the declining ETH/BTC ratio as a potential reversal signal.

$ETH / $BTC: It's almost time for the long expected reversal. Make sure to hold the right alts as not all of them will start running in the coming altseason. pic.twitter.com/4s5EVesg03

— Crypto Fella (@CryptoFellaTx) June 26, 2025

The ETH/BTC ratio currently sits at 0.02275, down 6.84% over the past month. This metric tracks Ethereum’s strength relative to Bitcoin.

“It’s almost time for the long-expected reversal,” Crypto Fella stated. The analyst believes this ratio indicates Ethereum may outperform Bitcoin soon.

Technical Outlook

Price prediction platform CoinCodex forecasts Ethereum reaching $2,608 by July 26, 2025. This represents an 8.15% increase from current levels.

The platform’s longer-term outlook remains optimistic. Analysts project Ethereum could hit $3,853 by September 24, 2025, marking a 59.76% gain.

Van de Poppe also targets the $3,000 level for Ethereum. He links this prediction to gold’s recent price action and currency movements.

Current technical indicators show neutral sentiment with a Fear and Greed Index reading of 74. Ethereum recorded 14 green days out of the last 30 trading sessions.

Price volatility measured 4.65% over the past month. This relatively low volatility could indicate consolidation before a potential breakout.

Market observers note growing institutional interest through ETF inflows. However, some warn that exchange netflows suggest possible selling pressure ahead.

Santiment analyst Brian Quinlivan previously highlighted “high level of optimism toward Ethereum” among investors. He noted increasing attention as markets recovered from April lows.

Ethereum currently maintains its position above the $2,400 support level that analysts consider critical for sustained upward movement.