$ETH Has surged over 35% in the past month, driven by roadmap updates, ETF approvals, and growing institutional demand. However, it remains 48% below its all-time high of $4,878 from November 2021.

Support Levels: Key supports are at $2,500 (recently held), $2,145 (50% Fibonacci retracement), and $2,050. A break below $2,150 could signal bearish momentum toward $2,050.

Resistance Levels: Immediate resistance is at $2,825, with a stronger barrier at $3,013. A daily close above $3,013 could trigger a rally toward $3,320 or $4,000, while rejection may lead to a correction to $2,000.

Technical Indicators

Moving Averages:

50-day EMA: Rising and below the current price, supporting short-term bullish momentum.

200-day EMA: Falling since June 6, 2025, indicating a weaker long-term trend. However, the price holding above the 200-day EMA ($2,490) suggests bulls are defending key support.

20-day EMA: At $2,502, acting as immediate support, with bulls defending this level against selling pressure.

Relative Strength Index (RSI): Currently at 54.78 (daily chart), slightly below its moving average of 58.29, indicating moderate bullish momentum without overbought conditions. On the 4-hour chart, RSI is neutral at 53.20, reflecting a cooling-off from overbought levels.

Bullish Scenario: If ETH closes above $2,825 with strong volume, it could target $3,013 or $3,320 in the near term. A confirmed breakout above $3,013 may push prices toward $4,000, supported by ETF inflows and positive market sentiment.

Bearish Scenario: A failure to hold $2,560 (mid-Bollinger Band) or $2,500 (20-day EMA) could lead to a correction toward $2,145 or $2,050. Increased selling pressure or a lack of fresh catalysts may exacerbate downside risks.