Ethereum remains in consolidation after breaking its downtrend, currently trading between $2,300 and $2,750.
COIN surged from $220 to $375 post-breakout, now stabilizing near $355 with consistent intraday gains.
U.S. tariff delay to August 1 may influence Ethereum's next move, with a strong weekly candle still possible.
Ethereum is showing signs of repeating a previous breakout pattern observed in Coinbase Global Inc. (COIN). The current two-day charts for both assets show nearly identical formations. COIN has already completed its rally. Ethereum, however, remains locked in consolidation. Market observers are monitoring for a possible breakout that could match COIN’s recent performance.
Descending Channels Lead to Recovery Zones
According to a recent observation by Ted Pillows, COIN and ETH both followed a steep downtrend from their late 2024 peaks. COIN dropped from over $420 to a low near $220. Ethereum declined from around $4,000 to under $1,700. In both cases, a descending resistance trendline guided the price downward. These trendlines broke in May 2025, followed by horizontal accumulation phases.
Source: Ted Pillows (X)
COIN exited its consolidation in early June and surged toward $375. The breakout occurred after nearly 90 days of accumulation. Ethereum also broke its resistance line in May but has yet to mirror COIN’s price jump. The asset has remained between $2,300 and $2,750 since the breakout. The current ETH price stands at $2,546.32.
Historical Behavior and Tariff Delay Impact
In May 2025, ETH matched COIN’s move within days of the breakout. That alignment has not been repeated yet. Analysts are watching for a similar development as COIN has already moved higher. Historical charts indicate ETH often follows COIN with a short delay.
The United States recently postponed a scheduled tariff deadline to August 1. That delay could influence market momentum. The ETH structure shows that a single strong weekly candle may bring it closer to COIN’s breakout level. COIN now trades at $355.80. Both charts show accumulation zones and breakouts with matching durations. ETH has yet to match COIN’s breakout height. The next move could close that gap if momentum returns.
How Are Coin And Eth Performing In The Market Now?
Tracking the ongoing trend for COIN, Yahoo Finance data reveals that Coinbase Global Inc. (COIN) reads at a price value of $355.80 on gaining $1.35, equal to 0.38% for the day. Pre-market data showed a slight dip to $353.55, down $2.25.
Source: Yahoo Finance
Intraday trading displayed a strong upward trend beginning late morning, with consistently higher lows and a steady climb. The price peaked at $355.98 and bottomed at $355.37, staying within a tight range near the close. Volume reached 118,282 shares, showing moderate activity.
On the other hand, Ethereum currently trades at $2,584.34, marking a 2.82% price increase over the last 24 hours. The market cap reached $311.97 billion, also up 2.82%. Trading volume surged to $13.93 billion, rising 54.44% within the same period.
Source: CoinMarketCap
Price movement began near $2,520 and accelerated, reaching a peak above $2,600. After a brief dip, ETH continued trading between $2,560 and $2,590 into the early morning hours. The volume-to-market cap ratio was 4.51%, indicating active trading.
