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Home»Analysis»Ethereum – Price becomes positive – more upside down, probably if the momentum applies
Analysis

Ethereum – Price becomes positive – more upside down, probably if the momentum applies

2025-07-09No Comments3 Mins Read
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Ethereum -Price started a new increase above $ 2,550 zone. ETH is now profits and can strive for a new movement above $ 2,620.

  • Ethereum started a new increase above the level of $ 2,550.
  • The price is traded above $ 2,580 and the 100-hour simple advancing average.
  • There is an important bullish trend line that forms with support for $ 2,550 on the hourly table ETH/USD (data daai via Kraken).
  • The couple could start a new increase if it is supported in the short term above $ 2,550 zone.

Ethereum -Prize wins tempo

Ethereum -Price started a new increase above the $ 2,560 zone, where Bitcoin was defeated. ETH prize got pace for a movement above the $ 2,600 resistance zone and entered a positive zone.

The price even tested the resistance of $ 2,620. A high was formed at $ 2,627 and the price is now consolidating the profits. It is stable above the 23.6% FIB retracement level of the upward movement of the $ 2,515 Swing low to the $ 2,627 high.

Ethereum price is now traded above $ 2,580 and the 100-hour simple advancing average. By the way, there is an important bullish trend line that forms with support for $ 2,550 on the ETH/USD list per hour.

At the top the price can experience the resistance near the level of $ 2,620. The next key resistance is near the level of $ 2,650. The first major resistance is near the level of $ 2,680. A clear movement above the $ 2,680 resistance can send the price to $ 2,780 resistance.

Ethereum -Price
Source: Ethusd on TradingView.com

An upward break above the $ 2,780 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,880 resistance zone or even $ 2,920 in the short term.

See also  BNB -Price bounces back strongly: is the rally sustainable?

Are the disadvantages limited in ETH?

If Ethereum did not know the resistance of $ 2,620, this can start a new decline. The first support on the disadvantage is near the level of $ 2,570. The first major support is near the $ 2,520 zone and the trend line.

A clear movement under the support of $ 2,520 can push the price to $ 2,450 support. All losses can send the price in the short term to the support level of $ 2,350. The following key support is at $ 2,320.

Technical indicators

Hour MacD – The MACD for ETH/USD loses momentum in the bullish zone.

Hour RSI – The RSI for ETH/USD is now above 50 zone.

Large support level – $ 2,520

Large resistance level – $ 2,620

Source link

Applies Ethereum Momentum positive Price Upside
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