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The Ethereum price soared 4% in the last week despite dropping over 1% in the past 24 hours, trading at $2,550 as of 4:47 a.m. EST, with trading volume dropping 27% to $17.7 billion.
The 24-hour decrease in the ETH price comes even after BlackRock’s spot Ethereum ETF (exchange-traded fund) purchased 33,240 ETH worth $85.4 million.
As central financial institutions add to their crypto hoards, can the price of ETH keep soaring?
Ethereum Price Aims For A Breakout
The ETH price on the 3-day chart shows Ethereum in a prolonged consolidation phase after a failed rounded bottom breakout attempt.
The Ethereum price had initially pushed up from the $1,500 region, forming a rounded base that suggested accumulation, but momentum stalled as it approached the $2,560–$2,865 resistance zone.
Instead of breaking higher, ETH has been trading sideways, caught between the $2,865 resistance (0 Fibonacci level) and the $2,372 support (0.382 Fib level), as GeckoTerminal data shows.
The 50 Simple Moving Average (SMA) at $2,228 has turned upward and continues to act as dynamic support, while the 200 SMA at $2,789 looms overhead as a key resistance level.
Meanwhile, the RSI sits at 55.90, reflecting neutral momentum with a slight bullish tilt.
If the price of Ethereum can reclaim and hold above $2,865, it would mark a breakout from consolidation and potentially open the door to a move toward $3,350–$3,660, aligning with the 61.8% Fibonacci retracement and a prior supply zone.
On the flip side, failure to break higher and a loss of support at $2,370–$2,228 could see ETH revisit deeper support levels around $2,000 or lower.
Meanwhile, investors are piling into a new meme coin called TOKEN6900 (T6900), which, according to Jacob Bury, a popular crypto YouTuber with over 56.9k subscribers, could soar 10X after launch.
TOKEN6900 Presale Racing Towards The $200K Milestone – Next 10X Crypto?
In just 5 days after its presale went live, TOKEN6900 has garnered over $150,000 in early funding as it rushes towards the $200K milestone.
The project is a new anti-S&P 500 market top of pure crystallized collective meme-fueled delusion. Unlike other meme coins, the T6900 presale has fairness and sustainability written all over it.
TOKEN6900 is brain rot personified. Inspired by 2000s nostalgia and ’69 energy, it makes it clear that it has no utility.
🔥New Token6900 Meme Coin is going Viral!!
I am buying right now: https://t.co/ORNDMJKaa1#token6900 @Token_6900 #Binance #trading #Crypto #Bitcoin #Crypto #PEPE #snorter #snortertoken #btchyper #bitcoinhyper #Solana #SolanaAirdrop #SOLANAMEMES #SOLX #pepeto #Bitcoin pic.twitter.com/TkXAQWJfTw— Alessandro De Crypto (@A_D_Crypto) July 2, 2025
It doesn’t track GDP, oil reserves, or corporate earnings. Instead, it tracks what it calls “vibe liquidity.” It’s not built on fundamentals but rather on delusion, irony, and the collective hallucination of terminally online traders.
However, it has a hard cap of $5 million and a massive 80% of the total token supply available for its presale.
The token is built on the Ethereum blockchain and is designed to turn collective brain rot into a tradable ticker.
Priced at $0.00645, you can buy T6900 tokens with ETH, BNB, USDT, USDC, or a bank card. The end price is $0.007125, so there’s no time to lose before the price starts to rise and the hard cap is reached.
For passive income, investors can also buy and stake T6900 tokens for a 303% annual percentage yield (APY). Over 15 million tokens have already been staked.
Investors looking to secure the best presale deal will want to buy before the next ICO price hike in around 2 days.
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