#ETH Rally re-emerges as $2,575 breakout looms

Ethereum is poised for a major breakout as technical signals align with positive market sentiment. Currently priced at $2,517, analysts expect it to rise. One of the positives is the delay in the release of the US tariff decision, which is now scheduled for August 1. The delay could give risk assets such as ETH and COIN some breathing room.

The current market structure mirrors the rally in May 2025. At that time, Ethereum posted a huge bullish candle after weeks of consolidation. Many traders believe that a similar move is brewing again. Moreover, Coinbase’s rebound from lows could spark a sympathetic rally in Ethereum. Both assets have shown strong historical correlation in volatility cycles. Ethereum chart structure suggests a possible breakoutEthereum has formed a clear downtrend since its peak near $4,200. A yellow trendline connects the major highs, defining its descending channel.

The asset bottomed out below $1,300 and has since gradually recovered. Several consolidation areas were formed in the process, marked by green boxes. This suggests that the price is in an accumulation phase rather than a selling phase. Ethereum is approaching a key resistance level near $2,575, showing signs of strength. A close above this level could turn traders bullish. Several analysts believe that this could lead to a quick run towards $3,500. Moreover, with low volatility and continued upward momentum, a 15%-20% weekly chart gain is not out of the question. Of course, if Ethereum fails to break through $2,650, it may fall back to around 2,450 to consolidate. #美国加征关税 #非农就业数据来袭 #大而美法案 #现货与合约策略