ETH/USD quotes are trading at the level of 2534 and continue to move within the framework of the upside and downside channel development. The moving averages indicate the presence of a short-term bullish trend on Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the asset value growth already from the current levels. As part of the Ethereum forecast for today, we should expect an attempt to develop the rise of the coin and test the resistance level near the area of 2635. From where we should again expect a downward price rebound and a continuation of Ethereum’s decline with a potential target below the level of 2025.
Ethereum Forecast and ETH/USD Analysis for July 8, 2025
An additional signal in favor of ETH/USD quotes decline will be a test of the descending trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the bearish channel. A strong growth in the value of Efirium and a breakdown of the level 2865 will cancel the option of cryptocurrency decline. This will indicate the breakdown of the resistance area and continued growth of ETH/USD quotes to the level of 3245. With the breakdown of the support area and closing of quotes below the level of 2215, which will indicate the breakdown of the lower border of the bullish channel.
ETH/USD Ethereum forecast for July 8, 2025 suggests an attempt at a bearish correction and a test of the resistance area near the 2635 level. From where we should expect a rebound and a continuation of the ETH/USD cryptocurrency’s fall to the area below the 2025 level. An additional signal in favor of the fall of Ethereum will be a test of the trend line on the relative strength indicator. A breakdown of the support area of 2865 will cancel the option of the digital currency fall. This will indicate the continuation of growth of digital currency with a potential target above the level of 3245.
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