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Ethereum Eyes $2,544 Breakout—but a Death Cross Threatens to Derail the Rally
The cryptocurrency market has been witnessing significant price movements recently. In the case of Ethereum, it seems that the coin is about to experience a major breakthrough, with its eyes set on a $2,544 breakout. However, this momentum may be halted or even reversed if a death cross occurs.
As per recent data and analysis from Crypto News Flash, Ethereum is poised to shatter the $2,544 resistance level if it sustains the current trend. A breakout above this mark could see the cryptocurrency rally towards potentially higher levels of $2,746 (Fibonacci level) or even the psychological resistance at $3,000.
Several recent developments have been fueling the Ethereum’s bullish momentum. For instance, the Dencun upgrade in March 2025, which allegedly enhanced scalability and reduced transaction fees, has garnered significant attention and increased demand from users.
The data shows that a death cross is lurking, posing a significant risk to Ethereum’s rally if it fails to break above $2,544. Should this happen, prices could potentially slide towards lower support levels.
However, there are several fundamental factors that might prevent such a decline. Firstly, the high network activity and institutional inflows have been supporting the cryptocurrency’s price. Notably, BlackRock’s iShares Ethereum Trust (ETHA) contributed significantly with $281.3 million in inflows during the first week of last June.
Additionally, over 35 million ETH is currently locked in staking contracts, indicating a strong interest from holders to participate in this activity over long periods. This could potentially help stabilize prices and counterbalance any negative sentiment in the market.
At the time of writing, Ethereum’s price is trading at $2,456.75, reflecting a moderate gain of 2.15% within the last week.
The analysis provided here integrates real-time price data with technical indicators and market sentiment to offer an all-inclusive view, focusing primarily on the potential consequences for Ethereum’s rally as of July 1st, 2025.
A breakout above $2,544 would signal a strong bullish momentum, potentially leading to further price increases toward $2,746 or even the psychological resistance at $3,000.
Source: www.crypto-news-flash.com
