Ethereum (ETH) Price Prediction & Analysis for July 12

Ethereum’s bullish momentum accelerated this week, pushing Ethereum price today toward the critical $3,000 mark. The rally has been backed by a sustained breakout from descending trendlines and a clean reclaim of prior resistance zones. As of writing, ETH is trading near $2,980, marking a fresh local high with bullish continuation signals across multiple timeframes. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily chart, Ethereum price has cleanly broken above the $2,715–$2,750 resistance band and pierced through a descending trendline that had capped upside since early April. This move follows weeks of base formation and accumulation within the $2,400–$2,600 range. ETH price dynamics (Source: TradingView) Price is now testing the next major resistance near $3,000, which aligns with the Fib 0.618 retracement at $3,081 from the November 2024 swing high. The break above prior supply zones and bullish BOS (Break of Structure) above $2,650 has reinforced the structural reversal, supported by increased momentum and volume. Weekly structure confirms this move. ETH has posted its strongest bullish candle in … The post Ethereum (ETH) Price Prediction & Analysis for July 12 appeared first on Coin Edition .

Source: Coin Edition