Ethereum is showing signs of a technical breakout as it hovers just below $2,600, supported by a bullish crossover between the 9- and 20-day EMAs and positive MACD momentum. Traders are watching key resistance levels at $2,608 and $2,665 as potential breakout zones.

Meanwhile, Senator Cynthia Lummis has escalated criticism of Fed Chair Jerome Powell, accusing him of bias and referencing the alleged “Operation Chokepoint 2.0.” This political backdrop adds fuel to Ethereum’s decentralized appeal, reinforcing its role as a hedge against central authority.

With technical momentum aligning with a shift in macro sentiment, Ethereum is at a pivotal moment both on the charts and in the policy arena.

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Read the full analysis: www.ecoinimist.com/2025/07/04/ethereum-tests-2-6-political-heat