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ETH forms an ascending triangle with MACD and RSI support, eyeing a $2,813 breakout.
On-chain whale accumulation exceeding $ 100,000 signals strategic buying and long-term interest.
Spot Ethereum ETFs report over $10 billion in AUM, tightening supply and fueling upward pressure.
Ethereum (ETH) is gaining upward momentum. As of July 7, 2025, ETH is trading at around $2,550. The broader crypto market is still experiencing consolidation, but Ethereum has compelling bullish signals from previous technical patterns, on-chain activity, and institutional capital inflows.
Here are 3 strong reasons Ethereum's current momentum could be the beginning of a broader bullish period.
Ethereum is currently trading within an ascending triangle formation, a bullish continuation pattern typically found during market consolidation before an upside breakout.
It is characterized by rising higher lows from a low in March, with a flat resistance level defined between $2,747 and $2,813, which also corresponds to the 0.5 Fibonacci level from the November 2024 high.
ETH is trading at $2,550, just below this key resistance level. The price has respected the ascending trendline setup from mid-April, with buyers remaining interested in buying dips in the price.
A conclusive daily candle close above the $2,813 level will indicate a breakout, which could result in price action rallying towards the next Fibonacci levels of $3,068 (0.618 Fib level) and $3,525 (0.786 Fib level).
The MACD indicates a bullish crossover, as the MACD line surpasses the signal line, and the histogram shifts to a positive value. This is typically an early signal of renewed upward momentum.
The RSI is currently at 53.64, indicating a neutral position and suggesting that Ethereum still has room to run before reaching overbought territory. A spike above 60 would help solidify the bullish strength, potentially leading to additional momentum buying.
Crucially, ETH continues to hold above the $2,425 support level, which corresponds to the 0.382 Fib level and serves as the final higher low within the triangle.
Maintaining this zone keeps the bullish bias intact, while a breakout above $2,813 could trigger a move toward $3,000 and beyond in the near term.
Ethereum’s current structure reflects growing pressure for a breakout, and if supported by volume and whale/institutional flows, it may set the stage for a sustained rally toward its next macro targets.
Also Read: Ethereum Price Analysis: Bulls Hold $2,550 Trendline as ETF Flows, Derivatives Data Support Uptrend
On-chain data reveals a consistent pattern of large-value transactions, indicating that high-net-worth individuals and institutions are actively involved in accumulating Ethereum.
According to recent data from IntoTheBlock, Ethereum processed 4,790 large transactions on July 7, defined as individual transfers above $100,000. This number rebounded quickly from a 7-day low of 2,430 on July 5, indicating responsive buying on minor dips.
This whale activity has remained steady within the 4,000 - 6,000 transaction range since early May. Such consistency in high-value transfers during periods of low retail volume suggests that institutional and long-term players are quietly building positions rather than exiting.
Historically, this kind of accumulation during consolidation periods has preceded price breakouts. When coupled with supportive technicals, the presence of strategic whale activity often acts as a leading indicator of a sustained bullish move.
The third and perhaps most concrete reason behind Ethereum’s building momentum is the massive capital inflow into spot Ethereum ETFs, which began gaining traction earlier this year.
As of July 7, 2025, the latest ETF metrics show:
$62.11 million in daily net inflows
A cumulative total of $4.46 billion in net inflows
$397.23 million in daily value traded
$10.71 billion in total net assets under management, representing 3.5% of Ethereum’s total market cap
These numbers signal growing institutional interest in Ethereum as a long-term investment asset. ETFs serve as an easy gateway for traditional investors, hedge funds, retirement accounts, and banks to gain exposure to ETH without needing to custody crypto directly.
More importantly, the locking of 3.5% of Ethereum’s supply into ETF products creates structural supply-side pressure. As demand continues to outpace the available circulating ETH, upward price movements become more likely, especially when ETF inflows continue daily.
This mirrors Bitcoin’s ETF-driven rally earlier this year, and Ethereum appears to be following a similar institutional adoption path, potentially setting the stage for a macro-level bull run.
Also Read: Ethereum Reclaims $2,550: Key Price Levels to Watch Now
Ethereum's current market activity isn't just speculative; it's structural and supported by money:
A structurally bullish ascending triangle with bullish indicators such as MACD and RSI
Clear accumulation between whales and large holders or price consolidation
Institutional inflows via ETFs, with more than $10 billion of ETH absorbed
The only resistance left to confirm any of this take-off is $2,813. If ETH breaks through $ 2,813 with increased volume, targets of $3,000, $3,068, and $3,500 could be achieved in the coming weeks.
With growing alignment between chart structure, on-chain activity, and institutional demand, Ethereum may not just be gaining strength; it could be preparing for its next major leap.
1. Why is the $2,813 level important for Ethereum?
It marks the resistance line in ETH’s ascending triangle; a breakout could target $3,068 and $3,525.
2. What do MACD and RSI indicate for ETH right now?
The MACD is bullish due to a crossover, and the RSI, near 53, indicates room for further upward movement.
3. Are whales accumulating Ethereum?
Yes, ETH has seen thousands of large transactions daily, signaling institutional and high-net-worth interest.
4. How are ETFs affecting ETH price action?
Over $10 billion in ETH is locked in spot ETFs, reducing supply and increasing upward price pressure.
5. What’s the near-term forecast for Ethereum?
If ETH breaks $2,813 with volume, targets of $3,000, $3,068, and $3,500 become realistic in the weeks ahead.
