Ethereum (ETH) Price Prediction For July 16
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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?
On the daily timeframe, Ethereum price continues to hold above a long-standing ascending trendline stretching from the April swing low near $1,900. A…
The post Ethereum (ETH) Price Prediction For July 16 appeared first on Coin Edition.
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$ 0.0792
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