$BTC
Ethereum is consolidating around $2,600, with intraday swings between $2,500–$2,620. Technically, price hovers below resistance at ~$2,600–$2,650, forming neutral-to-bullish signals—momentum indicators like RSI (~47) and MACD show mild bullish tilt . A breakout above $2,600 could trigger a rally toward $2,850–$2,900, while a rejection may retest support near $2,200–$2,300 .
On-chain and institutional activity remains strong: Ethereum spot ETF inflows have now run for seven straight weeks, totaling over $206 million this past week . Far fewer coins are being held on exchanges, while staking has surged past 35 million ETH . These trends reflect reduced sell pressure and growing structural bullishness.
Analysts like Tesseract’s James Harris see potential for a ~160% rise to $6,500 by year-end, though short-term caution persists after a failed “golden cross” .
Outlook: July is a pivotal month. Watch the $2,600 breakout for upside toward ~$2,900–3,000; a dip below ~$2,500–2,550 could signal deeper consolidation.
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