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Ethereum is consolidating just below $2,600 while respecting a bullish ascending trendline from April 2025.
ETF inflows ($148M daily, $10.83 billion total) and a long-biased derivatives market signal growing institutional confidence.
On-chain accumulation and staking (35.56 million ETH staked) suggest supply is tightening ahead of a potential breakout.
Ethereum (ETH) remains in a bullish state, currently trading at $2,572 with a 3% gain over the last 24 hours. Overall, there is volatility across the market. However, ETH is respecting a very important ascending trendline by consolidating just under the $2,600 resistance zone.
A strong technical structure, increasing ETF inflows, and a noticeable shift in sentiment in the derivatives market indicate it may be time for Ethereum to prepare for its next leg higher.
Ethereum has shown strength above the $2,550 level, riding a clean ascending trendline that began in April 2025. The overall bullish sentiment in the cryptocurrency market, driven by ETF developments and broader macroeconomic factors, continues to provide ETH with fundamental support.
On-chain and institutional data confirm this shift:
Volume swelled by +120.96% to $46.52 billion, signaling renewed enthusiasm for ETH.
Open Interest rose by 4.12% to a total of $34.27 billion, indicating that additional capital is entering the ETH derivatives ecosystem.
Options volume soared +52.60% to $679.19 million, reflecting speculative optimism.
Total Net Assets locked in ETH ETFs reached $10.83 billion, representing 3.45% of Ethereum's entire market cap.
These signs indicate a stronger structural tailwind supporting Ethereum’s price, as demand continues to strengthen from both retail and institutional players.
The price structure for Ethereum looks constructive, with mild bullish intentions visible on the daily timeframe. Price action has continued to respect an ascending trendline formed from the April lows, while compression underneath the $2,600-$2,630 resistance zone indicates a coiling formation, often a precursor to a breakout continuation.
ETH is currently trading at around $2,572, squeezed in between immediate resistance at $2,600 and trendline support at nearly $2,550. This zone acts as a pressure chamber, and price action ranges are shrinking daily, indicating a compression of volatility.
The ascending trendline, drawn from the April low of around $1,860, has been sustained across three higher lows. A clean and bullish rejection bounce from this line recently supports bullish control at the base.
The price is consolidating just below the $2,600–$2,630 resistance zone, which includes:
A psychological resistance at $2,600
Local horizontal resistance from multiple previous highs
A Fibonacci cluster at $2,630 marks the 0.5 retracement level from the November 2024 high.
A breakout above $2,630, ideally on strong volume, would suggest a bullish continuation and taking out $2,813, the next major Fibonacci pivot, and eventually $3,068 (0.618 retracement zone).
On the downside, the immediate support remains at $2,550 (trendline), followed by $2,426, which is a historical congestion zone and 0.382 Fibonacci retracement. If it breaks this level, it would likely find support at $2,028.
The RSI is currently at 55.51, which suggests healthy mid-range momentum, with a move above 60 potentially fueling a breakout attempt.
MACD is slightly bullish with the line crossing above the signal line, but is still near neutral territory, suggesting ETH is still waiting for a trigger.
Overall, the price action suggests accumulation under resistance, with the bulls steadily soaking up the selling pressure. The longer ETH can hold the trendline and consolidate below $2,600, the more explosive the eventual breakout will be.
Also Read: Ethereum Reclaims $2,550: Key Price Levels to Watch Now
Ethereum’s derivatives landscape points toward rising trader confidence:
The 24-hour Long/Short Ratio stands at 1.0619, indicating a moderate bullish tilt in leveraged positions.
Top trader positioning on Binance indicates a more aggressive long interest, with ratios of 1.8305 (accounts) and 3.2672 (positions), suggesting that influential traders are positioning for upward continuation.
Liquidation data shows $62.90 million wiped out over 24 hours, with $13.26 million in longs and a significantly higher $49.64 million in shorts, indicating that short sellers are being squeezed as ETH continues to rise.
Open interest continues to rise, and the surge in options volume indicates growing demand for directional exposure. Altogether, the data shows that traders are positioning for an upside.
Ethereum ETF data further reinforces the bullish case:
$148.57 million in daily net inflows shows strong short-term demand.
A total of $4.40 billion in cumulative inflows indicates a durable uptrend in institutional allocation.
The total value traded in ETF products stood at $481.44 million, reflecting active participation.
With $10.83 billion in total net assets now representing over 3.45% of Ethereum’s market cap, ETH ETFs are quickly becoming a key investment channel for traditional finance players.
This institutional backing provides a safety net of demand and validates Ethereum’s longer-term investment thesis beyond retail trading.
A clean technical breakout above $2,600 - $2,630, ideally with volume support, could trigger momentum buying.
Sustained ETF inflows, especially if Bitcoin crosses $110K, as this could drive momentum into Ethereum as well.
Layer-2 adoption, scaling solutions, and staking rewards continue to strengthen Ethereum’s utility narrative.
Also Read: Ethereum Hits Accumulation Peak: Is a Price Move Coming?
Bullish Scenario:
A breakout above $2,600, followed by a move toward $2,813, could confirm a mid-term uptrend. Follow-through toward the $3,068 level becomes possible if volume and market sentiment remain strong.
Bearish Scenario:
If ETH fails to hold the $2,550 ascending trendline, it may be exposed to a retest of $2,425, followed by the 0.236 Fib at $2,028.
Neutral Scenario:
Ethereum consolidates within the $2,550 - $2,600 range, with low volatility as the market awaits a breakout trigger likely from Bitcoin’s movement or ETF flow acceleration.
Ethereum's price action demonstrates a shifting market supported by strong technicals and bullish fundamentals. ETF flows, derivatives positioning and long-term accumulation patterns have all exhibited growing confidence from both the institutional and retail sides of the market.
As ETH trades just below a key area of resistance, all eyes are watching for a breakout above $2,600. With ETF assets now over $10.83 billion and on-chain volumes increasing, Ethereum's momentum appears primed for a multi-week surge.
For traders and investors, the next few sessions could be an important moment in determining Ethereum’s trajectory leading into Q3 of 2025.
1. Why is Ethereum consolidating below $2,600?
ETH is currently coiling beneath a key resistance zone between $2,600 and $2,630, while holding its long-term ascending trendline.
2. What does the ETH ETF inflow data tell us?
ETF inflows of $148.57 million daily and $10.83 billion total suggest deepening institutional interest and capital commitment to Ethereum.
3. How are traders positioned in derivatives markets?
The 24-hour Long/Short Ratio and aggressive long positions on Binance reflect bullish sentiment and rising leverage behind ETH.
4. What is the on-chain staking activity showing?
Over 2.3 million ETH were staked in June alone, bringing the total staked ETH to 35.56 million, signaling long-term holder confidence.
5. What’s the price outlook for Ethereum in July 2025?
A breakout above $2,630 could drive ETH toward $2,813 or $3,068. A failure to hold $2,550 may result in a retest at $2,425 or lower.
