The Ethereum (ETH) market between 23 June 2025 and 29 June 2025 was characterized by a steady upward trajectory, consolidation at higher levels, and a cautiously optimistic sentiment among investors. Ethereum’s price action during this period mirrored broader crypto market trends, with notable technical patterns and institutional interest shaping its movement.
Ethereum opened the week at approximately $2,251.98 on 23 June 2025, marking a strong start after a significant rebound in late May. This rebound had already positioned ETH as a top performer among major cryptocurrencies, outpacing Bitcoin and many DeFi peers. Throughout the week, Ethereum’s price steadily climbed, reaching a high of $2,523.32 on 29 June, before closing just below that mark. The daily trading range remained tight, with prices generally fluctuating bet
A closer look at the daily price action reveals a consistent upward trend. On 23 June, ETH was at $2,251.98. By 24 June, it had already moved above $2,300, and by 27 June, it was trading above $2,400. The last two days of the week saw Ethereum testing the $2,500 resistance, with a brief intraday spike above $2,520 on 29 June before settling slightly lower. This price action reflected a market that was both bullish and cautious, with investors reluctant to push prices too far ahead without confirmation of sustained momentum.
Technical Analysis and Key Indicators
Ethereum’s technical setup during the week was a mix of bullish and consolidating signals. The Relative Strength Index (RSI) for ETH was hovering around the mid-40s to low-50s, indicating neither overbought nor oversold conditions but rather a market in balance. This neutral momentum was supported by trading volumes that remained robust but not excessive, suggesting that accumulation was ongoing without the signs of speculative excess.
Key moving averages, such as the 20-day EMA ($2,558), 50-day EMA ($2,434), and 100-day EMA ($2,472), provided important reference points. Ethereum’s price spent much of the week below the 20-day EMA but above the 50-day and 100-day EMAs, a sign that short-term bears were still in control at the upper bounds, but the intermediate and long-term trends were supportive. The MACD indicator showed a slight bearish divergence, but this was not strong enough to trigger a significant pullback.
Support levels were clearly established at $2,370 and $2,200, with resistance zones at $2,500–$2,550 and $2,775–$2,800. Throughout the week, ETH managed to hold above $2,400, repeatedly test
Market Sentiment and Fundamental Drivers
Ethereum’s performance was underpinned by several fundamental factors. The most notable was the continued inflow into Ethereum-related exchange-traded funds (ETFs), which provided a steady source of demand and supported price stability. Institutional interest remained high, as evidenced by rising futures open interest and growing optimism about Ethereum’s long-term utility in decentralized finance (DeFi) and Layer 2 scaling solutions.
The anticipation of upcoming network upgrades, particularly the “Pectra” hard fork (combining Prague and Electra), also contributed to positive sentiment. This upgrade, expected to enhance Layer 2 blob space and introduce account abstraction, was seen as a catalyst for future growth. However, in the short term, the market appeared to be waiting for a clearer signal before committing to a more aggressive upward move.
Broader Crypto Market Context
Ethereum’s trend was in line with the broader cryptocurrency market, which experienced modest gains and reduced volatility during the week. Bitcoin, the market leader, also saw consolidation at higher levels, which helped maintain a risk-on environment for altcoins like Ethereum. The overall market capitalization of cryptocurrencies remained stable, with no major external shocks or macroeconomic events disrupting the upward momentum.
Ethereum Price Prediction for the Next Week (30 June–6 July 2025)
Looking ahead, Ethereum’s technical and fundamental outlook suggests a continuation of the current consolidation phase, with the potential for a breakout if certain key levels are breached.
Short-Term Technical Outlook
Ethereum enters the new week trading just below the $2,500–$2,550 resistance zone. The market structure is characterized by lower highs under a descending trendline, forming a descending triangle pattern that has been in place since mid-June. This pattern often precedes a breakout or breakdown, depending on which side of the triangle is breached.
For the next week, the most likely scenario is continued rangebound trading between $2,400 and $2,600, with occasional tests of both support and resistance. If Ethereum can break and sustain above $2,600, this would signal a bullish breakout and could trigger a rally toward $2,746 and possibly even $2,800–$3,000 if broader market conditions remain favorable. Conversely, a failure to hold above $2,400 could lead to a retest of support at $2,300 or even $2,200, although this is considered less likely in the current environment.
Fundamental and Sentiment Factors
The bullish case for Ethereum is supported by ongoing institutional inflows, positive developments around network upgrades, and a generally stable macroeconomic backdrop. However, the market remains cautious, with many investors waiting for a clearer signal before committing additional capital.
Volume and Liquidity Analysis
Recent volume analysis shows growing accumulation near the current range lows, suggesting that buyers are stepping in at lower prices and preparing for a potential upward move. This accumulation, combined with high open interest in Ethereum futures, points to a market that is primed for a breakout if the right catalyst emerges.
Predicted Price Action
Based on current technicals and fundamentals, Ethereum is likely to trade between $2,400 and $2,600 for most of the week, with several attempts to break above $2,500. A sustained break above $2,600 would be a strong bullish signal, potentially leading to a rapid move toward $2,750 or higher. On the downside, a drop below $2,400 would open the door for a deeper correction, but this scenario is not favored by most analysts at this time.
Summary of Key Levels
• Support: $2,400, $2,370, $2,200
• Resistance: $2,500–$2,550, $2,600, $2,775–$2,800
Risk Factors and Considerations
While the outlook for Ethereum is cautiously optimistic, several risk factors could disrupt the current trend. These include unexpected regulatory developments, macroeconomic shocks, or a sudden loss of institutional interest. Traders should monitor these factors closely and be prepared for volatility, especially around key technical levels.
Conclusion
Ethereum’s market trend from 23 to 29 June 2025 was marked by steady gains, consolidation at higher levels, and a cautiously bullish sentiment. The technical setup suggests that Ethereum is preparing for a potential breakout, with accumulation at current levels and strong institutional support. For the week ahead, the most likely outcome is continued rangebound trading, with the potential for a bullish breakout if Ethereum can sustain a move above $2,600. Investors and traders should watch for volume spikes and key technical levels to confirm the next major move in Ethereum’s price.