The price #الإيثريوم today hovers around $2,598, stabilizing after a strong breakout that lifted it by nearly 10% from its lows on July 2. This rise allowed Ethereum to reclaim critical support levels and challenge the upper limit of the consolidation range that has lasted for several weeks. Attention is now on the bulls' ability to maintain this move above the $2,600 level, which is linked to both historical resistance and short-term momentum signals.
What is happening to the price of Ethereum $ETH ?
ETH price dynamics
On the daily chart, Ethereum has reclaimed its June high and is heading towards a supply area just below $2,620. The price has surpassed several CH, oCH (change in character) levels and exceeded previous highs near $2,560, indicating a shift in structural trends. This represents Ethereum's first clear breakout attempt in weeks, supported by increasing trading volume and liquidation data favoring investors.
ETH price dynamics
The four-hour chart shows that Ethereum $ETH
The group of exponential moving averages (20/50/100/200) has crossed above (all between $2,472 and $2,506), decisively reversing the short-term trend upwards. The Bollinger Bands have sharply expanded, with the price now heading towards the upper range at $2,617 - which typically indicates a continuation of the breakout if it persists.
Why is the price of Ethereum rising today?
The rise in Ethereum's price is attributed to a clear combination of technical breakout and bullish market sentiment.
ETH price dynamics
On the 30-minute chart, Ethereum broke out of a descending wedge pattern, forming a narrow bullish flag below $2,600. The Relative Strength Index remains strong at 58-62, indicating room for continuation without overbought pressure. The MACD indicator is stabilizing slightly after a previous bullish crossover, which triggered the breakout candle from $2,480.
ETH Derivative Analysis
Today's increase in Ethereum's price can be explained by rising open interest and leverage. The volume of Ethereum derivatives rose by 47.17%, while open interest increased by 6.76% to reach $34.8 billion. The options market also witnessed a massive increase (92.92%), reflecting speculative demand. The funding rate remains modest at 0.0023%, indicating that the rise is not yet crowded with demand.
ETH price dynamics
The Parabolic SAR indicator remains below the price, supporting the short-term trend, while the VWAP indicator provides dynamic support near $2,573. The price has maintained stability above this level, reinforcing the upward trend during daily declines.
Price indicators #ETH suggest a continuation towards the Fibonacci level of $2,745.
ETH price dynamics
Looking at the weekly chart, it shows that Ethereum is now hovering just below the Fibonacci retracement level of 0.5 at $2,745. This price level has capped the price several times since May and represents the next major bullish test.
The recent breakout exceeded the resistance range between $2,490 and $2,510, and smart money concepts on the daily chart confirm the return of widespread selling pressure and liquidity back towards buyers. If Ethereum can close a daily candle above $2,620, it may rise towards $2,745, and even the 0.618 retracement level at $3,067.
On the downside, any failure to hold above $2,560 poses the risk of returning towards the support area between $2,500 and $2,510. This area now aligns with the four-hour exponential moving averages and the lower boundary of the current breakout structure.
Price forecast #ETHUSDT : Short-term outlook (24 hours)
ETH price dynamics
In the next 24 hours, Ethereum's price outlook remains cautiously positive. As long as Ethereum maintains a level above the pivot area between $2,560 and $2,573, the bulls may continue to push for a break above $2,620. The bullish flag pattern on the 30-minute chart supports this theory.
Any confirmed move above the $2,620 level opens the door to reach $2,685, followed by $2,745. However, if the price breaks below the trendline at $2,560, it may test the $2,510 level more deeply.
As the Bollinger Bands continue to expand, and the RSI/MACD maintains a bullish stance, traders should monitor for continued trading volume or a reversal failure, based on how Ethereum interacts with the resistance area at $2,620.
Ethereum Price Forecast: July 4, 2025
