ETH Market Analysis: 🟢 Ethereum Market Update – July 1, 2025

📊 Current Price:Ethereum (ETH) is trading around $2,485, showing slight weakness today with a minor intraday drop. The price is moving between $2,443 and $2,519 in today’s range.

🔹 Technical Analysis:

✅ Support Levels:

$2,430 – Strong intraday support

$2,400 – Key psychological and structural level

Below $2,400, downside could open to $2,350

⛔ Resistance Levels:

$2,520 – Immediate resistance

$2,600 – Next major hurdle

$2,800 – Longer-term bullish target if breakout holds

📈 Trend Direction:ETH is consolidating in a horizontal channel. It’s trading slightly below its 20-day moving average, signaling indecision in trend direction. Bulls are defending the $2,430 zone, while bears are selling into strength near $2,520.

📉 Indicators Outlook:

RSI: Hovering around 50 – neutral zone, no clear overbought or oversold signal

MACD: Flat to slightly bearish – momentum is weakening but no strong trend shift yet

Volume: Low to moderate – no aggressive buying or selling pressure

📊 Market Sentiment:The market is in a wait-and-see phase. Traders are cautious ahead of potential macro events or Bitcoin movements. ETH/BTC ratio is stable, suggesting no major rotation between BTC and ETH today.

🔍 Conclusion:Ethereum is currently range-bound.If price breaks above $2,520, we could see a move toward $2,600–$2,650.If it loses $2,430, downside targets could be $2,350 or even $2,320.

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