Ethereum (ETH) Price Prediction for July 4

The Ethereum price today is hovering near $2,598, stabilizing after a powerful breakout that lifted it nearly 10% from its July 2 lows. This rally allowed ETH to reclaim critical support levels and challenge the upper bound of a multi-week consolidation range. All eyes now turn to whether bulls can sustain this move above the $2,600 mark, a level tied to both historical resistance and short-term momentum signals.

What’s Happening With Ethereum’s Price?

ETH price dynamics (Source: TradingView)

On the daily chart, ETH has reclaimed the June range high and is pushing into a supply zone just below $2,620. Price has cleared multiple CHoCHs (change of character) and broken past the prior equal highs near $2,560, hinting at a shift in structural sentiment. This marks Ethereum’s first clean breakout attempt in weeks, backed by increasing volume and liquidation data that favors bulls.

ETH price dynamics (Source: TradingView)

The 4-hour chart shows ETH has surged above the 20/50/100/200 EMA cluster (all between $2,472 and $2,506), flipping the short-term trend decisively bullish. Bollinger Bands have expanded sharply, with price now pushing along the upper band at $2,617—typically a sign of breakout continuation if sustained.

Why Is the Ethereum Price Going Up Today?

The surge in Ethereum price is driven by a clear combination of technical breakout and bullish market positioning.

ETH price dynamics (Source: TradingView)

On the 30-minute chart, ETH has broken out of a descending wedge and is forming a tight bull flag just below $2,600. RSI remains strong at 58–62, showing room for continuation without overbought pressure. MACD is flattening slightly after an earlier bullish crossover, which triggered the breakout candle from $2,480.

ETH Derivative Analysis (Source: Coinglass)

Why Ethereum price going up today can also be explained by rising open interest and leverage metrics. As per Coinglass, ETH’s derivatives volume is up +47.17%, while open interest rose +6.76% to $34.8B. The options market also exploded higher (+92.92%), reflecting speculative demand. The funding rate remains modest at +0.0023%, signaling the rally is not overly crowded yet.

ETH price dynamics (Source: TradingView)

Parabolic SAR remains below price, supporting the short-term trend, while VWAP is providing dynamic support near $2,573. Price has consistently held above this level, reinforcing bullish control on intraday dips.

ETH Price Indicators Signal Continuation Toward $2,745 Fibonacci Level

ETH price dynamics (Source: TradingView)

Zooming out, the weekly chart shows Ethereum is now hovering just below the 0.5 Fibonacci retracement zone at $2,745. This level has capped price multiple times since May and represents the next key upside test.

The recent breakout has cleared the $2,490–$2,510 resistance band, and Smart Money Concepts on the daily chart confirm BOS and liquidity shifts back toward buyers. If ETH can close a daily candle above $2,620, upside toward $2,745 and even the 0.618 retracement at $3,067 could be unlocked.

On the downside, any failure to hold above $2,560 could risk a return toward the $2,500–$2,510 support area. This zone now aligns with the 4H EMAs and the lower bound of the current breakout structure.

ETH Price Prediction: Short-Term Outlook (24h)

ETH price dynamics (Source: TradingView)

In the next 24 hours, Ethereum’s price outlook remains cautiously bullish. As long as ETH holds above the $2,560–$2,573 pivot zone, bulls may continue pressing for a breakout above $2,620. The bull flag formation on the 30-min chart supports this thesis.

A confirmed move above $2,620 opens the door to $2,685, followed by $2,745. However, if price loses the $2,560 trendline, a deeper retest of $2,510 could play out.

With Bollinger Bands still expanding, and RSI/MACD maintaining bullish posture, traders should watch for continuation volume or a failed breakout reversal depending on how ETH handles the $2,620 resistance zone.

Ethereum Price Forecast Table: July 4, 2025

Indicator/Level Signal/Value Ethereum price today $2,598 Resistance Levels $2,620 / $2,685 / $2,745 Support Levels $2,573 / $2,510 / $2,472 RSI (30-min) 58.4–62.1 (Bullish bias) MACD (30-min) Bullish crossover, momentum easing Bollinger Bands (4H) Expanding EMAs (20/50/100/200 – 4H) Bullish stack between $2,472–$2,506 Parabolic SAR Below price (bullish) VWAP Support near $2,573 Smart Money Concepts CHoCH + BOS, liquidity shift bullish Fib Retracement Levels 0.5 at $2,745, 0.618 at $3,067 Funding Rate +0.0023% (neutral to bullish)

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