Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

Ethereum Surges to Highest Level Since February, Driven by Strong Inflows and Technical Momentum

Ethereum — the world’s second-largest cryptocurrency by market capitalization at $333 billion, following Bitcoin — reached $2,880 yesterday, marking its highest level since February 4, 2025. Prices have surged approximately 108% from the low of $1,383 recorded on April 9 to yesterday’s peak at $2,880. However, Ethereum remains down around 17% year-to-date and is currently trading near the $2,800 level.

Key factors supporting Ethereum’s rally include — but are not limited to — the following:

  1. Continued investment inflows into Ethereum-linked Exchange-Traded Funds (ETFs) for the ninth consecutive week — the longest streak since launch.
  2. Persistent inflows into crypto-related Exchange-Traded Products (ETPs) for eight straight weeks.
  3. A growing risk appetite among investors, especially large institutions, which are increasingly adding Ethereum to their portfolios for diversification and amid growing optimism about the crypto sector.
  4. The U.S. Core Consumer Price Index (CPI) came in at 2.4% yesterday — below expectations of 2.5% — which may encourage the U.S. Federal Reserve to cut interest rates in the near future. This would benefit Ethereum, a non-yielding asset, by providing additional bullish momentum.

From a technical perspective:

  • Key support levels lie at $2,651 and $2,600, corresponding to the 200-day and 20-day moving averages, respectively.
  • A bullish crossover has occurred between the MACD (blue) and the Signal Line (orange), signaling positive momentum.
  • The Relative Strength Index (RSI) is currently at 63, reflecting upward price momentum.
  • The Positive Directional Movement Index (DMI+) stands at 30, versus 14 for the DMI−, indicating buying pressure outweighs selling pressure.

The primary challenge for Ethereum now is to break through the strong resistance at $2,800, and then target the key psychological level of $3,000.

 

Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.

Back

Popular Posts

Bitcoin Holds Above $100,000 Amid Strong Bullish Momentum

Decline in USD/DKK Pair to Lowest Level Since September 17, 2021

Bullish Momentum for EUR/USD: Reaching the Highest Level Since September 15, 2021

U.S. Dollar Falls to 7-Month Low Against Chinese Yuan

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Here are some related articles you may find interesting:

Market Insights​

July 4, 2025

Bitcoin Holds Above $100,000 Amid Strong Bullish Momentum

Bitcoin prices have remained above the key psychological level of $100,000 since May 9, 2025, despite briefly dipping below it once on Sunday, June 22,...

Market Insights​

July 3, 2025

Decline in USD/DKK Pair to Lowest Level Since September 17,...

The USD/DKK exchange rate continues its downward trend, reaching 6.3068 two days ago — its lowest level since September 17, 2021. The pair has dropped...

Market Insights​

July 2, 2025

Bullish Momentum for EUR/USD: Reaching the Highest Level Since September...

The EUR/USD pair reached 1.1830 yesterday, Tuesday, marking its highest level since September 15, 2021. It has risen by nearly 7% from the low recorded...

Market Insights​

July 1, 2025

U.S. Dollar Falls to 7-Month Low Against Chinese Yuan

The USD/CNH exchange rate dropped to 7.1520 on Thursday, June 26, 2025 — its lowest level since November 8, 2024. The pair is currently trading...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Live account Registration

1 Hour Trading Consultation

Chat on WhatsApp
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.