Ethereum Holds Strong as Bulls Target $2,650 Imbalance

Bitget App

Trade smarter

Bitget

News

Coinomedia2025/07/10 12:00

By:Aurelien SageAurelien Sage

Ethereum maintains bullish momentum with $2,650 seen as a key zone for long entries after breaking recent highs.$2,650 Identified as a Key Accumulation ZoneStrong Structure Suggests Higher Targets Ahead

Ethereum broke recent highs and nears daily resistance.
$2,650 is a crucial level for potential long positions.
Momentum remains bullish despite minor corrections.

Ethereum ($ ETH ) continues to show impressive strength in the market . After breaking recent highs (RHs), the price is now encountering some resistance at a daily support/resistance (S/R) level. According to market observers, this resistance is not expected to hold for long.

Technical traders believe the bullish structure is intact, and Ethereum could push higher once this resistance level is cleared. The momentum remains in favor of the bulls, and the recent breakout signals continued interest in Ethereum by both retail and institutional investors.

$2,650 Identified as a Key Accumulation Zone

While Ethereum pushes upward, analysts are watching for short-term (LTF) corrections. These pullbacks, particularly into the imbalance zone around $2,650, are viewed as opportunities to accumulate long positions.

An “imbalance” refers to areas on the chart where price moved quickly without much trading, leaving gaps that markets often revisit. If Ethereum dips into this zone, it may offer a favorable entry for traders betting on further upside.

$ETH , Plan fully playing out, and the momentum is still very strong.

We broke the RHs, but are facing resistance at the 1D S/R level. This will get broken soon, imo.

Any LTF corrections into the imbalances lower around $2650 is a good area to add longs. #ETH #ETHUSDT pic.twitter.com/fJYyTNYASL
— Scient (@Crypto_Scient) July 10, 2025

Strong Structure Suggests Higher Targets Ahead

Despite some short-term resistance, Ethereum’s market structure continues to show strength . The series of higher highs and higher lows points to a bullish trend.

If Ethereum successfully breaks through the current daily resistance, the next leg up could bring even stronger gains. This is encouraging news for long-term holders and traders alike who are looking for solid confirmation of a continued uptrend.

Read Also :

Ripple Moves 200M XRP Worth $477M to Unknown Wallet
$2.9M Raised And Gaining Speed—Arctic Pablo Is Snowballing Toward The Moon As Book Of Meme And Fartcoin Gain Steam
XRP Whale Wallets Surge as Price Hits 7-Week High
Could Qubetics Be the Best Crypto for Beginners After a 420x Rise While XRP Holds Range and HYPE Loses Momentum?
Ethereum Holds Strong as Bulls Target $2,650 Imbalance

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Bitcoin and Ethereum prices have declined as the market adopts a risk-off approach ahead of the upcoming Nvidia earnings report and the release of the Federal Reserve minutes. Nvidia's earnings will influence the AI narrative and capital flows, while the Fed minutes may reinforce a hawkish stance. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit•2025/11/17 06:21

This Week's Preview: BTC Falls Below 94,000, AI "Judgment Day" and Macro "Settlement Day" Both Looming

The Ali Qianwen app's initial launch faces a surge in traffic; the official response is "operating well, feel free to ask."

The public beta of the Qianwen app has been launched, with Alibaba introducing its personal AI assistant to the consumer market. The first day’s traffic exceeded expectations, and some users experienced service congestion. “Alibaba Qianwen crashed” quickly trended on social media, but the official response stated that the system is operating normally.

Jin10•2025/11/17 06:11

The Ali Qianwen app's initial launch faces a surge in traffic; the official response is "operating well, feel free to ask."

Another giant exits! The "Godfather of Silicon Valley Venture Capital" sells all Nvidia shares and buys Apple and Microsoft

Billionaire investor Peter Thiel has revealed that he has fully exited Nvidia, coinciding with rare simultaneous retreats by SoftBank and "Big Short" investor Michael Burry, further intensifying market concerns about an AI bubble.

Jin10•2025/11/17 06:11

How to evaluate whether an airdrop is worth participating in from six key dimensions?

Airdrop evaluation is both an "art and a science": it requires understanding human incentives and crypto narratives (art), as well as analyzing data and tokenomics (science).

深潮•2025/11/17 05:10