Ethereum (ETH) Price Prediction For July 16

Ethereum is currently trading around $2,989, after a volatile push higher earlier this week that briefly tapped the $3,082 mark. While price action has shown signs of consolidation just below the psychological $3,000 level, technical and on-chain data suggest bulls remain in control for now. The broader rally is supported by rising institutional accumulation, including Bit Digital’s $67.3 million ETH treasury expansion. Ethereum Price Forecast Table: July 16 2025 Indicator/Zone Level / Signal Ethereum price today $2,989 Resistance 1 $3,050 Resistance 2 $3,256 (Fib 0.618 weekly) Support 1 $2,933 Support 2 $2,800 RSI (30-min) 50.1 (Neutral) MACD (30-min) Weak Bullish Crossover Bollinger Bands (4H) Expanding, fresh volatility SAR (Daily) Bullish, below price Bull Market Support Band $2,202 – $2,459 (support zone) Volume Profile (Weekly POC) $2,778 (held above) Open Interest (ETH Futures) $44.09B (+0.67%) Derivatives Bias Long-Heavy (Binance ratio > 2.4) What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily timeframe, Ethereum price continues to hold above a long-standing ascending trendline stretching from the April swing low near $1,900. A… The post Ethereum (ETH) Price Prediction For July 16 appeared first on Coin Edition .

Source: Coin Edition