Saturday, July 5

Ethereum is attracting significant institutional capital, despite its price struggling to gain traction above $2,600. According to the latest data, U.S.-listed spot Ethereum ETFs have logged $148.57 million in net inflows in a single day, the second-highest since February.

With the 8-week inflow total nearing $2 billion, market confidence in Ethereum’s long-term value appears to be growing.

Public companies are joining the Ethereum party. SharpLink Gaming is now the largest publicly listed holder of Ethereum, and BitMine has shifted its focus to ETH. And Robinhood has just launched tokenised US stocks on Arbitrum, an Ethereum Layer 2. More real-world use cases for Ethereum.

Key institutional catalysts:

  • $2B+ ETF inflows over 8 weeks.
  • Robinhood launches tokenised stocks on Ethereum.
  • Public firms accumulate ETH as a treasury asset.

Derivatives markets reflect this optimism: 80% of ETH call options for July expiry target prices above $3,000, with 30% aiming past $3,500. However, price action remains undecided.

Bearish Patterns Threaten Deeper Pullback

Despite the bullish fundamentals, Ethereum’s technicals show warning signs. ETH failed to sustain above $2,600 and now hovers around $2,520.

On the weekly chart, the 50-SMA is nearing a cross below the 100-SMA—a “death cross” that historically triggers declines of up to 35%. That could send ETH toward the $1,750 support level if confirmed.

Ethereum Price Chart – Source: Tradingview

Other caution flags:

  • Over $56.8 million in long liquidations in 24 hours
  • RSI and Stochastic Oscillator indicate weakening momentum
  • Analyst Weslad highlights a potential ABCDE corrective pattern

While many are bullish on the broader trend, ETH’s inability to break above $3,000—despite Bitcoin nearing new highs—suggests skepticism remains. If macro factors turn risk-off, ETH could face increased pressure from both retail and leveraged traders.

Bullish Setups Could Trigger a $3,500 Breakout

Still, not all signals are bearish. Ethereum is currently testing the base of a rising parallel channel near $2,474. On lower timeframes, the asset is printing higher highs and higher lows—a bullish structure that remains intact as long as $2,474 holds.

Ethereum Price Chart – Source: Tradingview

Additionally, a multi-year symmetrical pennant is developing, with Ethereum now in wave D of the pattern. If ETH breaks above the $2,855 neckline of its inverse head and shoulders formation, it could unleash strong upside momentum, potentially reaching $3,500–$6,000.

Trade Setup for Beginners:

  • Entry: $2,490–$2,520 on a bullish candle
  • Targets: $2,562 → $2,640
  • Stop-Loss: Below $2,460
  • MACD: Bearish divergence; needs price confirmation

Ethereum price prediction is at a technical crossroads. For bulls, $2,474 is the line in the sand. A break above $2,855 would be a big win. Until then, patience and discipline are key.

Bitcoin Hyper Presale Surges Past $1.92M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has surpassed $1.90 million in its public presale, with $1,927,122 raised out of a $2,373,526 target. The token is priced at $0.012125, with the next price tier expected within hours.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.

The post Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach? appeared first on Cryptonews.


https://cryptonews.com/news/ethereum-price-prediction-eth-gains-4-this-week-yet-golden-cross-flops-is-3000-out-of-reach/

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