Ethereum Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of Ethereum on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of Ethereum on July 11, 2025, indicates a short-term bullish trend with signs of potential consolidation in the market. The current price of Ethereum is around $2,951.7, reflecting a 0.41% increase over the past 24 hours. This upward movement aligns with rising trading volume and inflows into Ethereum ETFs, signaling strong institutional interest. The 4-hour chart shows Ethereum forming an ascending triangle pattern, which typically precedes a bullish breakout. However, strong resistance between $2,730 and $2,850 has prevented a swift move toward the psychological $3,000 level. This resistance zone is significant due to multiple price rejections in the past and accumulated sell orders. On the other hand, key support levels are located around $2,440–$2,460 and $2,375, which could serve as potential reversal points. Technical indicators provide valuable insights. The RSI is currently around 60, indicating moderate bullish momentum but not yet in overbought territory (above 70). This suggests Ethereum has room for further growth, though traders should watch for waning momentum. The MACD shows a bullish crossover, confirming short-term upward momentum, but the narrowing gap between MACD lines hints at possible consolidation. Price patterns are critical in this analysis. The 4-hour chart displays a cup and handle pattern, often a precursor to a strong bullish move. However, a recent fakeout at $2,792 indicates high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing demand, consistent with ETF inflows. However, news regarding Vitalik Buterin’s gas cap proposal could impact supply and demand dynamics and should be monitored closely. This proposal may reduce transaction costs and boost network adoption but could introduce short-term price volatility. Overall, Ethereum is in a short-term bullish phase, but traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a breakout above $2,850 or a bounce from $2,440 support. Based on current data, a short-term bullish trend is likely, but consolidation or a pullback to $2,440 is also plausible.