Ethereum Eyes $2,544 Breakout—but a Death Cross Threatens to Derail the Rally
The post Ethereum Eyes $2,544 Breakout—but a Death Cross Threatens to Derail the Rally appeared on BitcoinEthereumNews.com.
Ethereum’s breakout potential past $2,544 hinges on overcoming technical resistance and avoiding a death cross signal. With the strong fundamentals, including staking and institutional inflows, may offset bearish risks and support long-term growth. As the second-largest cryptocurrency in the world, Ethereum is showing signs of a possible breakout past the $2,544 mark. But at the same time, it faces a technical warning that could pull prices down, called a “death cross.” A death cross can happen if the short-term price trend (50-day moving average) falls below the long-term trend (200-day moving average). In line with a previous Crypto News Flash (CNF) report that Ethereum eyed a breakout, an exchange inflow also sparked caution—specifically around the $2,800 resistance level—but price volatility and a bearish derivatives outlook kept traders cautious. In this article, the analysis integrating the real-time price data with technical indicators, and also market sentiment to offer a holistic view, particularly focusing on the potential impact on Ethereum’s rally as of July 1, 2025. First, according to a previous analysis by Ali Martinez in a tweet: According to the pricing bands, as long as Ethereum $ETH holds above $2,200, the next upside targets could be $3,000 and possibly $4,000 as bullish momentum builds. This means, a breakout above $2,544 would signal strong bullish momentum, potentially leading to further price appreciation toward $2,746 (a Fibonacci level) or the psychological resistance at $3,000. One factor contributing to this is several recent developments. The Dencun upgrade in March 2025 reportedly enhanced scalability and reduced transaction fees, attracting more users and increasing demand. Implication of the Death Cross on Ethereum’s Rally The implication of this Death Cross threatens to abandon Ethereum’s rally by hinting to a potential shift to a bearish trend—particularly if Ethereum fails to break above $2,544. In this type of scenario,…
Filed under: News - @ July 1, 2025 10:30 am