📊 Ethereum (ETH) Market Update – July 9, 2025
Ethereum is trading around $2,620, showing a mild daily gain of +0.03%. The price is consolidating in a tight range between $2,546–$2,634, suggesting an imminent breakout.
📈 Bullish Scenario:
A daily close above $2,562 with strong volume could push ETH toward $2,745, then $2,862.
📉 Bearish Scenario:
Failure to hold above $2,500 opens downside risk to $2,424 or even $2,300.
🧠 Indicators show coiling pressure with tightening Bollinger Bands and a bullish MACD crossover on short timeframes. Institutional interest and ETH ETF momentum are supportive, but volume is key.
🎯 Today’s Watch Zone:
Support: $2,500
Resistance: $2,745
Stay alert for volatility—this consolidation won’t last much longer.
