Ethereum (ETH) continues to gain traction amid growing institutional interest, expanding real-world applications, and ongoing network upgrades.

Ethereum is the strongest force in the blockchain industry as the foundation of decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 platforms.

Developments such as Ethereum 2.0 and tools that primarily aim at efficiency are luring an influx of new developers and users, prompting hope of long-term growth. Nevertheless, the market sentiment has been mixed in the short term.

Ethereum Holds Support Amid Market Caution

Ethereum is currently trading at $2,488.92. Over the last seven days, ETH dipped by 8.66% as the rest of the crypto market was in a cautious attitude. In spite of this retraction, there are technical indicators signaling a possible bullish coordinate.

Сrypto analyst Ahmad Mustafa found a textbook triple bottom formation on the chart of Ethereum, which has established between late May and mid June of 2025. This pattern indicates the bearish trend is slowing down, with the center of attention being the support price of 2,485.

As per Mustafa’s analysis, the current setup is where entry is recommended at market price, followed by stop-loss once the price closes below the marker price of $2,485, and considering the price increase up to approximately to $3,000. This trend coincides with that of Investopedia and Binance Square, among others, confirming its validity.

ETF Inflows, Short-Term Trends Fuel Optimism

This is supported by order book data. Focused buy orders are up to values of $2,700 and sell-side resistance is near levels of $2,400-$2,485, which shows strong support as well. The bullish scenario is also supported by decreasing volume with the triple bottom before the possible break out.

In the long run, projections vary. DigitalCoinPrice estimates Ethereum to reach even higher than $4,891.70 and go as high as to $5,494.68 before the end of the year compared to a high of just January 2025 of $3,715.17.

Ethereum Eyes Bullish Reversal Despite Recent Dip

In the meantime, Changelly projects a less ambitious increase, estimating that the currency will reach approximately $2,672.72 in 2025 and will hit the level of 3,008.13 higher in June 2025.

Although a negative implied annual growth rate exists at -23.4%, there are promising short-term uptrends that indicate a new boost. ETF inflows of 583 million could also become the key factor that determines the direction of ETH in the next few weeks.