Ethereum Surges 15% Amid Bullish Momentum, Eyes $3,000

Ethereum (ETH) is currently showing signs of bullish momentum, with a wedge breakout and rising volume indicating fresh buying pressure from both institutional and retail investors. The cryptocurrency is trading at $2,553.18 on July 4, 2025, demonstrating resilience amidst market volatility. The daily chart reveals that ETH has breached a descending resistance trendline, suggesting a potential push toward the $2,900–$3,000 zone in the near term. The 200-day moving average provides strong support around current levels, while accumulation patterns hint at long-term buying interest.

However, analysts caution that key resistance near $2,583.40 could trigger a reversal, potentially trapping early buyers. The MACD indicator has turned green, which might attract premature bullish entries. If volume fades or buyers lose strength, price action could reverse, leading to a false breakout. Technical divergence and declining momentum further support this bearish scenario. Support around $2,400 offers some relief, but failure to hold this level could shift momentum downward.

Despite the bullish signals, market analysts forecast ETH to trade within a $1,500–$2,500 range throughout 2025. This outlook limits the upside potential unless Ethereum can reclaim and maintain the $3,000 level. Additionally, crypto sentiment, such as Bitcoin’s next move, will influence ETH’s direction. Analysts see ETH ranging between $1,500 and $2,500 in 2025 unless it breaks and holds above the crucial $3,000 mark.