Ethereum is currently trading around $2,537, reflecting a slight 0.6% pullback today. The recent consolidation follows a modest recovery from its June lows near $2,450, as network and macro developments influence market sentiment.
In this article, we will look at ETH next target and look at technical analysis and latest news.
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ETH Next Target
- Current Price: $2,537.37
- 24h Price Change: –0.6%
- 24h Range: $2,528 – $2,598
- Market Cap: ~$305 billion
- 24h Trading Volume: ~$1 billion
- Circulating Supply: ~120.7 million ETH
Price broke back above 200-day Moving Average ($2,516), which is a resistance area, which could signal resumption of Uptrend, with upside potential back to $2,760 or even $3,000 thereafter.
Fundamentally, there’s a potential positive catalyst in 2025: if US regulators allow ETH Spot ETFs to stake Ethereum.
Key Technical Indicators
- RSI (14): ~54 – Slightly bullish, recovering from mid-June dip
- MACD (12,26): Bullish crossover on hourly chart; daily momentum flattening
- Support Levels: $2,520, then $2,490 – critical for holding current structure
- Resistance Levels: $2,600 (near-term), followed by $2,700–$2,750
- Trend Summary: Neutral-to-bullish. Formation of symmetrical triangle suggests a build-up to a potential breakout.
Latest Ethereum News & Developments
- EIP‑7983 Proposal Released
Aims to cap gas usage per transaction at 16.7 million to improve execution efficiency and stability. - Institutional Allocation Grows
Major institutional players are accumulating ETH, with some shifting entire crypto treasuries from BTC to ETH. - Whale Activity Increases
Large ETH withdrawals from exchanges signal reduced selling pressure and suggest whale accumulation. - ETF Inflows Continue
Ethereum-focused funds recorded $226 million in net inflows this week, marking 12 consecutive weeks of positive institutional investment.
👉 Short-Term Outlook: Neutral-to-Bullish
📉 Risk Level: Moderate — watch for macro shifts, EIP updates, and institutional flows
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