ETH/USD quotes are trading at 2439 and continue to move within the correction, leaving the bullish channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers and a potential continuation of the asset’s growth from current levels. As part of today’s Ethereum forecast, we can expect an attempt at a bullish correction of the coin’s rate and a test of the resistance level near the 2575 area. From there, we can again expect prices to rebound downward and Ethereum to continue falling, with a potential target below the 2005 level.
Ethereum Forecast and ETH/USD Analysis for July 2, 2025
An additional signal in favor of a decline in ETH/USD quotes will be a test of the downward trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the bearish channel. A strong rise in the value of Ethereum and a breakout of the 2805 level will cancel the cryptocurrency’s decline. This will indicate a breakout of the resistance area and a continuation of the ETH/USD quotes’ growth to the 3045 level. A breakout of the support area and a close below 2245 will indicate a breakout of the lower border of the bullish channel.
Ethereum Forecast and ETH/USD Analysis for July 2, 2025 suggests an attempt at a bearish correction and a test of the resistance area near the 2575 level. From there, we can expect a rebound and a continuation of the decline of the ETH/USD cryptocurrency to an area below the 2005 level. An additional signal in favor of Ethereum’s decline will be a test of the trend line on the relative strength indicator. A breakout of the 2805 resistance area will cancel the possibility of a decline in the digital currency. This will indicate the continuation of the digital currency’s growth with a potential target above the 3045 level.
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