Ethereum Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of Ethereum on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, Ethereum is trading at approximately $2,610, consolidating in the short term while maintaining a long-term bullish trend. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $4,851 in late 2024, Ethereum entered a corrective phase and is now fluctuating between $2,450 and $2,650. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buying interest. However, resistance at $2,650 has capped stronger upward moves. Resistance and Support Zones The key resistance zone is around $2,650, which has rejected the price multiple times. A high-volume breakout above this level could target $3,400, aligning with previous highs. On the support side, $2,450 has acted as a strong demand zone, with $2,360 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 58, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD shows signs of bullish momentum, but declining trading volume in recent days indicates trader caution. The 50-day moving average (WMA 50) at around $2,521 acts as a key dynamic level. Price Pattern Analysis Ethereum’s daily chart shows an ascending triangle, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, Ethereum may be in the third wave of a larger bullish cycle, potentially leading to significant gains. Risks and Scenarios Bullish Scenario: If Ethereum holds the $2,450 support and breaks the $2,650 resistance, it could target $3,400 and potentially $4,000 by the end of summer 2025. Bearish Scenario: A break below $2,450 could lead to a drop to $2,360 or even $2,000, signaling a deeper correction. Conclusion Ethereum remains in a long-term bullish trend but requires a break above $2,650 to sustain upward momentum in the short term. Traders should monitor volume and price action at key levels. Holding the $2,450 support is crucial for the bullish outlook.