Ethereum (ETH) Price Prediction & Analysis for July 12
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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?
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.
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.
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