Ethereum ended the trading week with a drop to 2420 and continues to move within a downward channel. Moving averages indicate a downward trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the decline from current levels. Now, we should expect an attempt at a bullish price correction and a test of the resistance level near the 2905 area. From there, we should again expect a downward rebound and a continuation of the decline in the Ethereum exchange rate and value, with a potential target below the 1245 level.
Ethereum Weekly Forecast ETH/USD June 30 — July 4, 2025
An additional signal in favor of a decline in ETH/USD quotes for the current trading week of June 30 — July 4, 2025 will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the bearish channel. A strong rise and a breakout of the 3135 level will cancel the scenario of a decline in the cryptocurrency’s value during the current trading week. This will indicate a breakout of the resistance area and a continuation of the growth of ETH/USD quotes with a potential target above the 3605 level. Confirmation of the fall in the Ethereum cryptocurrency will be a breakout of the support area and the closing of quotes below the 2075 level, which will indicate a breakout of the lower border of the bullish correction channel.
Ethereum Weekly Forecast ETH/USD June 30 — July 4, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 2905 level. From there, we can expect a downward rebound and a continuation of the cryptocurrency’s decline to an area below the 1245 level. An additional signal in favor of a decline in the Ethereum rate will be a test of the trend line on the relative strength indicator. A strong growth and a breakout of the 3135 area will cancel the decline scenario. In this case, we should expect a continuation of the rise with a target above the 3605 area.
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