Ethereum has shown four big rallies after crossing the weekly EMA50 with gains up to 55 percent each time
Traders now expect another breakout as the current price touches $2,559 near the $2,556 EMA50 level
A 25 to 38 percent price jump could push Ethereum to a target range between $3,200 and $3,500 this summer
Ethereum (ETH) is trading just below its 50-week exponential moving average (EMA50), currently positioned at $2,556, as of July 7. The price, which now sits at $2,559, is testing this long-standing resistance for the first time since Q1 2025. According to CryptoBullet’s analysis, ETH may soon break through, targeting gains between 25% and 38%, potentially pushing prices up to the $3,500 mark.
Source: X Weekly Chart Shows Multiple Rebounds After EMA50 Breach
Past Ethereum breakouts above the EMA50 have frequently resulted in major upward trends, as recorded on the weekly chart from Binance. In Q4 2023, ETH surged 55.3%, gaining $969, after crossing the EMA50 near $1,700. A similar move occurred earlier that year, producing a 24.26% increase, equal to $418.
Further back, the chart reveals a 22.5% gain or $658 rally in late 2021, and a massive 50.06% increase, adding $1,363, after a crossover in early 2024. These consistent patterns of post-EMA breakout gains have captured trader attention once again. The chart uses black arrows to pinpoint crossover points, while shaded boxes mark percentage gains.
ETH's present location relative to the EMA50 suggests potential for another major rally. A small push above $2,560 may trigger bullish momentum and a target zone between $3,200 and $3,500. Based on previous rallies, CryptoBullet estimates gains between 25% and 38% are achievable if the breakout holds.
CryptoBullet Predicts Breakout and Summer Rally
CryptoBullet, a technical analyst on X, posted the chart and stated, “$ETH looks good on the weekly. Ready to finally break that damn EMA50!” The tweet, shared on July 7, received over 80K views, 97 reposts, and 873 likes, suggesting strong market engagement.
The tweet also projected a summer rally with a price range of $3,200–$3,500. On June 8, CryptoBullet had earlier tweeted, “This is the only thing holding us back,” referring to the EMA50. The account suggested that average ETH breakouts from the EMA50 lead to rallies, citing historical price action as evidence.
ETH’s current test at the EMA50 has drawn attention from several traders, with users on the post inquiring if the $3,500 level is possible by August. CryptoBullet replied, “Would be great,” without confirming a specific timeline.
Could this be Ethereum’s most decisive breakout of 2025?
Traders Evaluate Support and Market Conditions
Technical traders are monitoring ETH’s positioning closely, especially its ability to hold above $2,550 in the coming sessions. The weekly close is expected to play a critical role in confirming a breakout or another rejection. Historical rejections at the EMA50 have typically led to swift downturns, making this level pivotal.
Multiple arrows on the chart mark rejections across 2022 and 2023. One occurred in late 2022 before a steep drop. Another took place in Q2 2024 after ETH briefly peaked above $4,000. These moments were followed by strong retracements, which investors are cautious to avoid.
If Ethereum fails to maintain upward pressure, traders may look for support between $2,200 and $2,400. The current price action is viewed as a critical inflection point as the market awaits direction. As of this writing, ETH continues to trade within 1% of the EMA50 line.
CryptoBullet has not updated any resistance targets beyond $3,500, but past breakouts suggest that additional gains could follow if price momentum sustains. Traders remain split between anticipation and caution as they track this key technical level.
