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Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?

July 8, 2025Updated:July 8, 2025No Comments3 Mins Read
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Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?
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Ethereum worth began a contemporary improve above the $2,520 zone. ETH is now correcting some positive factors and may goal for a contemporary transfer above $2,580.

  • Ethereum began a contemporary improve above the $2,520 stage.
  • The worth is buying and selling under $2,550 and the 100-hourly Easy Shifting Common.
  • There’s a key bullish development line forming with assist at $2,530 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair might begin a contemporary improve if it stays supported above the $2,520 zone within the close to time period.

Ethereum Worth Revisits Help

Ethereum worth began a contemporary improve above the $2,550 zone, like Bitcoin. ETH worth gained tempo for a transfer above the $2,565 resistance zone and entered a constructive zone.

The bulls have been in a position to push the worth above the 61.8% Fib retracement stage of the downward transfer from the $2,636 swing excessive to the $2,475 low. Nonetheless, the bears remained energetic close to the $2,600 resistance zone and guarded extra positive factors.

The worth confronted rejection close to the 76.4% Fib retracement stage of the downward transfer from the $2,636 swing excessive to the $2,475 low. Ethereum worth is now buying and selling under $2,550 and the 100-hourly Easy Shifting Common.

ETH is now testing the $2,520 assist. There may be additionally a key bullish development line forming with assist at $2,530 on the hourly chart of ETH/USD. On the upside, the worth might face resistance close to the $2,550 stage. The subsequent key resistance is close to the $2,580 stage. The primary main resistance is close to the $2,600 stage. A transparent transfer above the $2,600 resistance may ship the worth towards the $2,650 resistance.

Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?
Supply: ETHUSD on TradingView.com

An upside break above the $2,650 resistance may name for extra positive factors within the coming periods. Within the said case, Ether might rise towards the $2,720 resistance zone and even $2,800 within the close to time period.

Extra Losses In ETH?

If Ethereum fails to clear the $2,580 resistance, it might begin a contemporary decline. Preliminary assist on the draw back is close to the $2,520 stage. The primary main assist sits close to the $2,500 zone.

A transparent transfer under the $2,500 assist may push the worth towards the $2,450 assist. Any extra losses may ship the worth towards the $2,350 assist stage within the close to time period. The subsequent key assist sits at $2,320.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now under the 50 zone.

Main Help Stage – $2,520

Main Resistance Stage – $2,600



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