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Crypto Potato 2025-07-05 15:06:48

Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis

Ethereum remains range-bound between the 100-day and 200-day moving averages, signalling a consolidation phase. However, a decisive breakout in either direction will likely define the next major trend, with market sentiment leaning toward a potential bullish breakout in the coming days. ETH Price Analysis: Technicals By Shayan The Daily Chart ETH is currently consolidating between the 100-day and 200-day moving averages, entering a decisive phase in its price action. After breaking above the pivotal 200-day MA around $2.5K, an area that has acted as strong resistance in recent weeks, the price has pulled back to retest this level. This pullback is crucial: if bullish demand resurfaces and holds ETH above this moving average, it would likely ignite another leg upward, targeting the $2.8K resistance zone. For now, the cryptocurrency appears to be range-bound between $2.5K and $2.8K, and a clear breakout from this zone will likely set the stage for the next significant trend direction. Market participants are closely watching for a bullish continuation, which could solidify ETH’s reversal structure. Source: TradingView The 4-Hour Chart On the lower timeframe, ETH’s recent rally encountered resistance at a key bearish order block between $2625 and $2670, where sellers re-entered the market. This rejection has pushed the price back toward the $2.5K support level, a historically significant zone for ETH. This area now serves as a crucial battleground. If buyers manage to defend it, Ethereum could regain momentum and reattempt a breakout above the overhead supply. However, failure to hold $2.5K could trigger extended consolidation or even a retracement toward lower supports. Source: TradingView Onchain Analysis By Shayan The funding rate remains a key indicator of market sentiment in Ethereum’s futures market. In a healthy uptrend, this metric typically trends upward, reflecting increasing confidence and positioning from long-biased traders in both spot and perpetual markets. Currently, however, ETH’s funding rates have been declining amid price consolidation between the 100-day and 200-day moving averages. This suggests reduced bullish conviction and signs of buyer exhaustion, raising the likelihood of continued short-term sideways movement. For Ethereum to break above the critical $2.6K and $2.8K resistance zones, stronger demand must flow into the derivatives market, lifting the funding rate to more positive levels. Until that shift materializes, the consolidation phase is likely to persist. Source: CryptoQuant The post Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis appeared first on CryptoPotato .

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