Key Takeaways
- Ethereum’s price continues to consolidate as its previous attempt to break above $2,800 was futile.
- Ethereum’s price in July has demonstrated historical strength in previous cycles as crypto analysts remain optimistic.
- A strong breakout for ETH above $3,000 could see the price rally to $5,000, but a crash below $2,000 could lead to further price decline towards $1,660.
Ethereum (ETH) hasn’t performed up to expectations in the last six months, with its price crashing from a high of $4,000 as it has traded in a downtrend throughout this period, reaching a low of $2,100. However, the price has responded strongly to reclaim its key support level of $2,500.
Despite the price rally of Ethereum (ETH), the price chart shows that the price has remained in a consolidation for weeks, highlighting a tough trading month of June for Ethereum whales. However, with the price of Ethereum closing strongly above $2,200 and opening an optimistic candle in July, crypto experts believe the price of ETH remains promising.
Related Read – Ethereum (ETH) Price Prediction For 2025
The recent price rally by Bitcoin has restored a sense of optimism, with Ethereum trading above $2,500 once more. The price could continue its upward action towards its major resistance of $2,800, preventing a rally towards $4,000.
Let’s discuss some key factors that experts and crypto investors are looking out for regarding the ETH price prediction for July.
Ethereum Remains Strong for Q3
Ethereum’s price has been trading below its key resistance level of $2,800 for months, leading to crypto expectations suggesting that the price of ETH is in its consolidation phase, which could be followed by a breakout, retest, and a strong bullish rally to the upside of $4,000.
While the price of ETH has remained in the current price action between $2,800 and $2,200, indicating a tussle between bears and bulls, crypto expert JohncyCrypto took to his X account to analyze the market, stating that nothing has changed for the Ethereum price, with the price remaining in a consolidation phase.
According to the crypto expert, a strong price breakout above $3,000, with bulls dominating the price, could see the price reclaim above $4,800, with a potential price target of $5,000.
While many have shared Ethereum price predictions by 2025 to hit a high of $10,000 and above, the price of ETH needs to show promising signs and trade above $5,000 by the end of July, as this could spark a potential altcoin season for many crypto assets.
Ethereum Price Prediction for July – Will Price Go Up or Down?
Source – ETH 1D Price Chart TradingView
The price of ETH is currently trading around the consolidation zone, with the price struggling to find precise direction to the upside or downside of the chart. The price of ETH breaking strongly to the downside or upside in the coming weeks would signal that the price gains the upper hand for bears or bulls.
A strong bullish breakout above $2,900 to $3,000 could prompt investors and whales to jump on the price rally to the upside, as the price of ETH may continue its strong rally towards $4,000 to $5,000.
However, if the price of ETH breaks below $2,000, the key support zone, the price could see a significant decline towards a low of $1,660, acting as the next key support or demand zone for investors.
The overall market price action for Ethereum is in a range, as the price struggles to break either to the upside or downside. Traders and investors will closely monitor the development of the price.
