🟢 #ETH Update #1 – July 7, 2025
Ethereum is currently testing a resistance level that dates back about 30 days. I’m seeing long upper wicks forming here, suggesting a potential rejection from this zone. Price still hasn’t cleared its previous impulsive high, and this resistance could push ETH back toward the $2,480 level.
As long as ETH holds above $2,480, I don’t see any major concern. But if it loses that support, I’ll be watching the $2,375 level next. Below that, there's a visible imbalance around $2,320, which could act as a magnet for price.
For me, a long position becomes valid above $2,635 with momentum and confirmation. On the flip side, if ETH breaks $2,480 to the downside with strength, I may consider a short setup toward $2,327.
But for now, I’m staying out. No position until the chart speaks more clearly.
Ethereum is currently testing a resistance level that dates back about 30 days. I’m seeing long upper wicks forming here, suggesting a potential rejection from this zone. Price still hasn’t cleared its previous impulsive high, and this resistance could push ETH back toward the $2,480 level.
As long as ETH holds above $2,480, I don’t see any major concern. But if it loses that support, I’ll be watching the $2,375 level next. Below that, there's a visible imbalance around $2,320, which could act as a magnet for price.
For me, a long position becomes valid above $2,635 with momentum and confirmation. On the flip side, if ETH breaks $2,480 to the downside with strength, I may consider a short setup toward $2,327.
But for now, I’m staying out. No position until the chart speaks more clearly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.