Ethereum Tests 50-Week EMA50 Resistance, Eyes 25% to 38% Gains

Generated by AI AgentCoin World
Tuesday, Jul 8, 2025 2:49 pm ET1min read
ETH
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Ethereum (ETH) is currently trading at $2,559, just below its 50-week exponential moving average (EMA50), which is at $2,556. This is the first time the price has tested this resistance level since Q1 2025. According to CryptoBullet’s analysis, ETH may soon break through this resistance, targeting gains between 25% and 38%, potentially pushing prices up to the $3,500 mark.

Historically,

Ethereum
has shown significant rallies after crossing the weekly EMA50. In Q4 2023, ETH surged 55.3%, gaining $969, after crossing the EMA50 near $1,700. Earlier that year, a similar move produced a 24.26% increase, equal to $418. Further back, the chart reveals a 22.5% gain or $658 rally in late 2021, and a massive 50.06% increase, adding $1,363, after a crossover in early 2024. These consistent patterns of post-EMA breakout gains have captured trader attention once again.

ETH’s present location relative to the EMA50 suggests potential for another major rally. A small push above $2,560 may trigger bullish momentum and a target zone between $3,200 and $3,500. Based on previous rallies, CryptoBullet estimates gains between 25% and 38% are achievable if the breakout holds.

CryptoBullet, a technical analyst, posted a chart and stated, “$ETH looks good on the weekly. Ready to finally break that damn EMA50!” The post received strong market engagement, with traders inquiring if the $3,500 level is possible by August. CryptoBullet replied, “Would be great,” without confirming a specific timeline.

Technical traders are monitoring ETH’s positioning closely, especially its ability to hold above $2,550 in the coming sessions. The weekly close is expected to play a critical role in confirming a breakout or another rejection. Historical rejections at the EMA50 have typically led to swift downturns, making this level pivotal. If Ethereum fails to maintain upward pressure, traders may look for support between $2,200 and $2,400. The current price action is viewed as a critical

inflection point
as the market awaits direction. As of this writing, ETH continues to trade within 1% of the EMA50 line.

CryptoBullet has not updated any resistance targets beyond $3,500, but past breakouts suggest that additional gains could follow if price momentum sustains. Traders remain split between anticipation and caution as they track this key technical level.