Ethereum (ETH) Price Prediction for July 9
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Ethereum price continues to consolidate in a tight zone beneath the multi-month resistance band near $2,562. After weeks of coiling action, Ethereum price today is holding firm above the 0.382 Fib retracement from the 2024–2025 decline, with traders watching for a decisive breakout.
What’s Happening With Ethereum’s Price?
On the weekly chart, ETH remains locked inside a macro symmetrical triangle stretching back to 2022, with current price action approaching the apex. The monthly structure shows strong horizontal resistance near $2,862 and $3,465, while support remains firm above $2,128 and $1,707.
Recent price action reflects a tightening structure between $2,500 and $2,560, with multiple daily closes holding above the weekly 0.382 Fibonacci level ($2,424.85).
On the 1D chart, Ethereum is trading just under the descending resistance line from April, with rising support from late May continuing to converge. This consolidation suggests a breakout is imminent — either toward $2,745 or back toward the $2,400 zone.
The post Ethereum (ETH) Price Prediction for July 9 appeared first on Coin Edition.
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