📌 Current situation (July 6, 2025)
Ethereum's price has risen by about 1.6-2% daily and about 4.8% over the last week, indicating weak upward momentum so far.
A narrow price pressure triangle is currently forming, centered between support at approximately $2,478 and resistance at **approximately $2,558**.
The market is technically neutral: the RSI indicator is approaching 50, and the moving average (50-SMA above 100-SMA) indicates medium-term improvement.
In the institutional market, data shows that about 80% of July call options are optimistic, with massive investments from 'whales' increasing by 1.49 million ETH in the last month.
Nevertheless, Ethereum funds recorded a net outflow of approximately $2.2 million for the first time after 19 days.
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🔍 Technical Analysis
Triangle pattern: A bullish breakout above $2,558 could lead to an upward wave towards $2,600–$2,640 and possibly extend to $2,700–$2,745.
Meanwhile, a bearish breakdown below $2,478 could bring the price back to $2,424 levels first, then to $2,360–$2,320.
The current narrow range suggests the possibility of a strong move soon, especially if we break out of the clearer technical readings.
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🌐 Fundamental market factors
Correlation with traditional markets: Ethereum is sensitive to changes in inflation indicators and interest rates, and has started to react like classic financial assets.
Increased institutional accumulation: whale accumulation and call options indicate large money inflows, while supply continues to decrease, with increased fee burning due to the 'Pectra' upgrade and increased Staking, reinforcing the upward pressure.
Network saturation: Ethereum remains the primary platform for stablecoins and DeFi, receiving support from major financial institutions within the digital infrastructure.
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📈 Expectations for the coming days (over the next 7–10 days)
Scenario Target Level / Support Explanation
Bullish ✅ $2,600–$2,640 → ✅ $2,700+ If a bullish breakout occurs from $2,558 supported by trading volume.
Neutral / Sideways ⚠️ $2,480–$2,560 Continuing sideways trading until new data or price stimulus emerges.
Bearish ❌ Path towards $2,480 → $2,424 and possibly $2,360 if the price fails to maintain.
On its current support, especially backed by global market dominance.