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Ethereum Technical Analysis Report – 1st July 2025
Ether has entered the most bullish phase of a key trading pattern, rallying from $2,200 to $2,500, driven in part by growing institutional demand. According to Glassnode, spot ETH ETFs saw net inflows of 106,000 ETH last week—marking the seventh straight week of positive flows.
However, while the macro structure appears strong, near-term risks remain. A large ETH whale recently moved $237 million worth of Ether from staking to exchanges, with over 62,000 ETH transferred to Binance across five days. This redistribution from whales to mid-tier wallets signals potential selling pressure, suggesting that ETH may face short-term headwinds despite the broader bullish setup.
At the time of writing, ETH was trading at $2,485.
ETH, after making the recent top of $2,879, witnessed a sharp correction, and the price fell by almost 26.5%, making a low of $2,111.89. The asset did not give a daily closing below the key support of $2,150 and bounced back up to $2,525. Post this move, ETH is consolidating and is trading in a range from $2,375 to $2,520 with low volumes. Breakouts on either side of the range with good volumes will further decide the trend for the asset.
ETH has strong resistance at $2,675 and $2,850, and to rally further, it needs to break and sustain above these levels.
Key Levels
Support 1: $1,950
Support 2: $2,150
Asset: ETH
Resistance 1: $2,675
Resistance 2: $2,850
Source: zebpay.com
