ETH Consolidation 2950-3020! The direction of the breakthrough determines life and death: Up to 3400? Down to 2850?
After Ethereum broke through 3000 USD yesterday, it did not continue to surge and has stabilized around 3000 USD. Now the price is near 2970, which is actually not much different from 3000 USD! The smaller time frames are also consolidating, so we should pay attention to the next wave of rally coming!
In terms of trends:
The current small-scale consolidation range is 2950-3020, and we can focus on the direction of the breakout. If it continues to surge, the next resistance point for Ethereum above will be in the range of 3400-3450. If it falls, we can pay attention to the previous high support around 2850 as short-term support! Sister Sheng hopes that Ethereum can continue to surge, truly leading altcoins into a bullish market!
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ETH Analysis: July 12, 2025 Daily Chart
