The recent price of Ethereum (#BinanceTurns8 ) has shown significant volatility but an overall upward trend, with market sentiment improving and being significantly influenced by macro policies, as detailed below:
- Price fluctuations with upward movement: In July 2025, the price of Ethereum fluctuated between $2400 and $2600, having previously broken the $2600 resistance level and reached a high of $2615. If it can firmly settle above $2600, it is expected to move towards $2800 or even $3000 in the short term. However, the range of $2400 to $2500 is an important support level; if broken, it may further decline.
- Market sentiment has improved: On July 10, Bitcoin broke the $112,000 mark, driving a collective surge in cryptocurrencies such as Ethereum, leading to a rapid liquidation of short positions. According to Coinglass data, over $500 million in cryptocurrency contracts were liquidated in the past 24 hours, affecting nearly 110,000 people, with nearly 90% being short position liquidations, indicating enhanced bullish sentiment in the market.
- Significant influence from macro policies: The market generally expects the Federal Reserve to cut interest rates soon, with Trump also continuously calling for rate cuts. This may prompt investors to seek high-yield assets, creating a more favorable price environment for cryptocurrencies like Ethereum. Meanwhile, the U.S. Congress is accelerating the legislative process for stablecoins, and a clear regulatory framework is expected to alleviate institutional investors' concerns, encouraging more funds to flow into the Ethereum ecosystem.
- Technical indicators releasing positive signals: From a technical perspective, the 50-day simple moving average of Ethereum has formed a 'golden cross' with the 200-day SMA. This signal, when it appeared in 2023, triggered a 93% increase in Ethereum's price, indicating that prices may rise to some extent.
However, the price of Ethereum is also affected by various factors such as the progress of the Ethereum 2.0 upgrade and geopolitical conflicts, leading to uncertainties in future trends. Investors need to closely monitor market dynamics and make cautious decisions.
