$ETH Updated analysis of Ethereum (ETH) on July 15, 2025:
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📊 Instant technical performance
Current price: about $2,974 with a slight decline during the day (~–2.07%)
Daily trading range: $2,942 – $3,074
Support and resistance levels:
Strong support: $2,900, protects the price from further decline – mentioned in technical analyses
Immediate resistance: near $3,000.
Upper resistance: $3,081 (Fib level 0.618), then $3,200–$3,500 after surpassing $3,000
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🔍 Technical analysis
Indicators such as RSI and MACD indicate a slowdown in upward momentum, but the outlook remains positive, and short-term indicators recommend caution for a potential correction
The technical pattern "compression breakout" may lead to a strong breakout towards $3,500 if it closes above $3,500 monthly
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⚙️ Fundamental factors
Institutional flows: Institutions have piled into ETH with large loans (~$1.6 billion for one month) and growth in institutional investment funds
On-chain activity: ETH has regained its position as the highest revenue from fees, with an increase in the number of staked tokens
Technical upgrades: reliance on Dencun and anticipation of Dencun/Pectra contributes to reducing fees and improving overall network efficiency
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📌 Short and medium-term forecasts
Short-term (Days): Potential correction towards $2,945–$2,965 if it fails to stay above $3,000
**Medium-term (Weeks):**
Clear breakout above $3,000 drives the price towards $3,200 then $3,500
A breakout at $3,500 according to Elliott's scenario or Compression breakout could lead to a journey towards $4,000+
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🎯 Recommendations:
Status Recommendation
Price remains above $2,945–$2,965 Partial entry with a target of resistance at $3,081–$3,200
Break above $3,000 with strong trading volume Strengthening for purchase with targets of $3,500
Sharp break below $2,945 Avoid buying and wait for new support at ~ $2,900 or below $2,800 depending on the scenario
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🧠 Summary
Ethereum is currently at a critical point – if it maintains support at $2,945–$2,965 and manages to break $3,000, it may rally towards higher targets reaching $3,500 and possibly $4,000 in the next two months, supported by institutional flows and technical upgrades that enhance its value. However, any negative breakout below the mentioned support may bring the price back towards levels of $2,900 or lower.