Ethereum (ETH) Price Prediction: Ethereum Testing Patience Near $2,520—Is a $3,000 Rally Now in Sight?
The post Ethereum (ETH) Price Prediction: Ethereum Testing Patience Near $2,520—Is a $3,000 Rally Now in Sight? appeared on BitcoinEthereumNews.com. Ethereum price today continues to hover around $2,520, with traders closely monitoring whether this consolidation phase will lead to a breakout toward the psychological $3,000 level. After a modest 3% rally earlier this week, ETH finds itself stuck between key resistance zones and fragile support levels, as investors await stronger signals from both technical charts and ETF inflows. Ethereum Chart Analysis: Holding Key Support Amid Volatility The Ethereum price is currently stabilizing near $2,520 after bouncing back from June lows. This recovery flipped a key Fibonacci level—the 76.4% retracement from the $2,523 to $2,372 drop—suggesting a potential trend reversal. However, immediate resistance lies at $2,665 and $2,720, with bulls needing a clear break above $2,735 to confirm a path toward the $3,000 target. Ethereum (ETH) was trading at around $2,520, down 1.18% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX) via Brave New Coin Recent trading sessions show ETH struggling to break above $2,650, which coincides with the yearly VWAP and previous highs. The Relative Strength Index (RSI) also points to consolidation, and moving averages have compressed, reflecting market indecision. The $2,510–$2,450 zone now serves as a major imbalance area where buyers could step in, offering ETH another chance at a rally. Still, analysts caution that Ethereum’s short-term price action could remain choppy over the weekend due to low liquidity and thinner order books, especially following the U.S. holiday lull. Ethereum Layer 2 Ecosystem: Robinhood Backs Arbitrum Ethereum Layer 2 growth continues to shine, adding another bullish layer to ETH’s long-term outlook. This week, Robinhood announced it had selected Arbitrum—Ethereum’s top L2 chain—to power its tokenized U.S. stock platform for European users. If successful, this move could significantly boost Ethereum transaction volumes by routing traditional finance activity through the network’s scaling solutions. Robinhood has unveiled…
The post Ethereum (ETH) Price Prediction: Ethereum Testing Patience Near $2,520—Is a $3,000 Rally Now in Sight? appeared on BitcoinEthereumNews.com.
Ethereum price today continues to hover around $2,520, with traders closely monitoring whether this consolidation phase will lead to a breakout toward the psychological $3,000 level. After a modest 3% rally earlier this week, ETH finds itself stuck between key resistance zones and fragile support levels, as investors await stronger signals from both technical charts and ETF inflows. Ethereum Chart Analysis: Holding Key Support Amid Volatility The Ethereum price is currently stabilizing near $2,520 after bouncing back from June lows. This recovery flipped a key Fibonacci level—the 76.4% retracement from the $2,523 to $2,372 drop—suggesting a potential trend reversal. However, immediate resistance lies at $2,665 and $2,720, with bulls needing a clear break above $2,735 to confirm a path toward the $3,000 target. Ethereum (ETH) was trading at around $2,520, down 1.18% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX) via Brave New Coin Recent trading sessions show ETH struggling to break above $2,650, which coincides with the yearly VWAP and previous highs. The Relative Strength Index (RSI) also points to consolidation, and moving averages have compressed, reflecting market indecision. The $2,510–$2,450 zone now serves as a major imbalance area where buyers could step in, offering ETH another chance at a rally. Still, analysts caution that Ethereum’s short-term price action could remain choppy over the weekend due to low liquidity and thinner order books, especially following the U.S. holiday lull. Ethereum Layer 2 Ecosystem: Robinhood Backs Arbitrum Ethereum Layer 2 growth continues to shine, adding another bullish layer to ETH’s long-term outlook. This week, Robinhood announced it had selected Arbitrum—Ethereum’s top L2 chain—to power its tokenized U.S. stock platform for European users. If successful, this move could significantly boost Ethereum transaction volumes by routing traditional finance activity through the network’s scaling solutions. Robinhood has unveiled…
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