Ethereum is approaching a key resistance level before growth

On Monday, June 30, Ethereum ETH $2,466.10 Bridged Ether (StarkGate) 0.35% Market capitalization $0.15 billion VOL. 24 hours $0.98 billion approached an important resistance level around $ 2,520, showing cautious growth amid a general improvement in market sentiment. Over the past day, the price of ETH has fluctuated between $ 2,450 and $ 2,520, but attempts to gain a foothold above this level have not yet yielded a sustainable result.

Analysts note that breaking through the $ 2,520 level could open the way for further growth and testing the next resistance near $ 2,600. Among the short-term positive signals are the retention of support at $ 2,480 and the growth of trading volumes. However, the risk of a decline remains: if Ethereum fails to gain a foothold above $ 2,520, a correction to the $ 2,480 and $ 2,450 zones is possible.

Technical indicators, according to traders, show mixed dynamics: the 100-hour simple moving average remains below the price, but the momentum for a breakout has not yet been fully formed. A sustained close above $ 2,520 is seen as a potential catalyst for further growth.

Market participants are following the movement of bitcoin BTC $107,640.54 Bitcoin -0.51% Market capitalization $2.14 trillion VOL. 24 hours $0.9 billion , which remains an important factor for the entire cryptocurrency ecosystem. If bitcoin’s dynamics are positive, Ethereum may repeat its trend and accelerate growth.

In the short term, the key is to consolidate Ethereum’s price above $ 2,520, which may determine the asset’s further movement in the coming days.