Ethereum Surges 4.78% Weekly, Eyes $2,600 Breakout

Ethereum (ETH) has experienced a bullish week, with its price increasing by 1.66% in the past day and 4.78% over the last week. As of the latest update, ETH is trading at $2,557, with a key resistance level at $2,570. If bulls maintain their momentum, a breakout above this level could lead to a test of the $2,600 zone in the near future. On a larger time frame, a breakout above $2,600 could potentially drive the price towards the $2,700 area, a scenario that remains relevant until the end of next week.

From a mid-term perspective, neither bulls nor bears have firmly established control, with trading volume decreasing. This suggests that sideways trading around current prices is the more likely outcome. The 4-hour chart shows ETH forming higher lows within a tightening triangle pattern, with horizontal resistance at $2,558. The trendline remains intact, and the 50-period simple moving average is at $2,494.95. Momentum is waning, as indicated by a series of doji and small-bodied candles in the yellow demand zone, reflecting a stalemate between buyers and sellers. The Relative Strength Index (RSI) is also sideways at 49, showing no clear direction.

If ETH fails to hold above the key support level of $2,478, it could drop to deeper support levels at $2,388 and $2,320. Conversely, a break above $2,558 could extend the uptrend towards $2,639 and beyond. The Exponential Moving Average (EMA) structure remains bullish, with the 50-SMA above the 100-SMA, indicating a positive medium-term outlook despite recent indecision. Ethereum's fundamentals are strengthening, with Bitwise CIO Matt Hougan predicting that Ethereum ETFs could see up to $10 billion in inflows by the end of 2025. So far this year, ETH ETFs have seen over $1.5 billion in inflows, including a record $1.17 billion in June. Hougan attributes this surge to Ethereum's growing role in tokenized assets and its potential as a settlement layer for regulated finance.

A favorable SEC ruling that crypto staking is not a securities offering could pave the way for staking-enabled ETH ETFs, attracting institutional yield-seeking capital. The current Ethereum price prediction is neutral, with the market awaiting a potential breakout. Traders should closely monitor the $2,480–$2,560 zone, as any breakout or breakdown from this range could trigger a multi-day trend. If ETH breaks above $2,735 with volume and momentum, a rally towards $3,000 could be imminent. According to analysts' forecasts, the Ethereum price forecast for July 2025 is $2,515.99, with experts predicting a 253.48% increase to $9,147.73 by the end of 2027. The 1-year ETH price prediction based on technical analysis is $3,223.68, and the Ethereum price forecast at the end of the month is $2,490, with a change for July of -0.4%.