Is Ethereum’s New Target $2100? July 3rd ETH Analysis

  • Ethereum achieved a significant increase by surpassing the $1930 resistance level in its daily price chart.
  • ETH’s upward movement can continue towards the $2070 level, and the important resistance zone is between $2070 – $2120.
  • In Ethereum’s 2-hour chart, the $1962 resistance level is crucial, and as long as it stays above this level, it can continue its rise towards the $2025 level.

Ethereum continues its upward movement and progresses towards its targets by surpassing important resistance levels in its daily and 2-hour technical charts. What is the price target for ETH’s rise?

Medium-Term ETH Analysis


Daily ETH/USD Price Chart

When examining Ethereum’s daily price chart, it can be seen that it achieved a significant increase above the $1930 resistance level. Currently, ETH is moving around $1969 levels.

If Ethereum continues to close daily candles above the $1930 resistance level, its upward movement can continue towards the $2070 level. Additionally, the important daily resistance zone for ETH is between $2070 – $2120.

If the ETH price achieves daily candle closes above the $2120 level, it can extend its upward movement towards the $2300 level. If ETH currently closes daily candles above $1930, the range between $1930 – $1900 can be considered as a new support level.

Short-Term ETH Analysis

2-Hour ETH/USD Price Chart

2-Hour ETH/USD Price Chart

When examining Ethereum’s 2-hour technical chart, it can be seen that it is moving above the important resistance level of $1962. As long as the ETH price stays above the $1962 level, it can continue its rise towards the $2025 level.

However, if Ethereum achieves 2-hour candle closes below the $1962 level, it can extend its downward movement towards the $1930 support level. Investors are closely monitoring the $1962 level as an important support level in the short time frame. If this level is maintained, Ethereum can aim to initiate an upward trend towards $2025.

The strongest support zone for ETH is the $1893 level mentioned in the analysis. As long as the Ethereum price continues to close daily candles above $1893, it may continue its upward trend.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Ethereum Whale Reactivates 1,000 ETH Pre-Mine Address After Nearly a Decade Dormant

Whale Alert recently identified the activation of a dormant...

Trump Comments on Tariff Suspension and Trade Talks Amid Bitcoin Market Reactions

Former President Donald Trump recently commented on the ongoing...

Binance to Update Bitcoin Collateral Ratio for Investment Portfolio Margin Starting July 4, 2025

Binance has announced a forthcoming adjustment to the collateral...

Trump Urges U.S. to Cut Interest Rates Amid Bitcoin Market Watch

On June 29, President Trump publicly advocated for the...

Savvy Trader Reduces 16,759 SOL Long Position Amid Major Bitcoin and ETH Liquidations

On June 29, on-chain analytics revealed significant portfolio adjustments...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img