Ethereum Price Prediction Signals July Breakout as Altcoin Season Nears

The post Ethereum Price Prediction Signals July Breakout as Altcoin Season Nears appeared first on Coinpedia Fintech News

Bitwise’s prediction report, which came late in last year, had projected that the Ethereum price would reach new all-time highs before the end of 2025. However, their mid-year stance remains bullish but less confident compared to Bitcoin. 

CIO Matt Hougan and head of research Ryan Rasmussen recently shared their mid-year scorecard. It expressed renewed predictions for ETH, hoping that rising interest in stablecoins, more ETF approvals, and the emergence of ETH treasury companies could drive the ETH price higher. 

Despite Bitwise’s decreased confidence in the Ethereum price, other prominent investors and analysts believe the price action has been in an uptrend for the last three months. Clearing June’s high could trigger a significant upside and mark the beginning of altcoin season. 

Keep reading to know what other’s opinions are for Ethereum price.

Will Ethereum Price Rise Start Altcoin Season?

Despite a challenging performance this year, recent events suggest that Ethereum price may make a significant move starting in July. A renowned technical analyst also note that ETH/USD chart is forming an ascending triangle pattern on daily charts, which often precedes with a major breakout. 

He adds that the upper border of this pattern aligns with June’s high, and a breakout here could signal bullish long-term momentum for ETH price. Meanwhile, another analyst predicts that ETH price may revisit June’s high and potentially retest the $3,000 region soon. 

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Similarly, Leon Waidmann, Head of Research at OnChainHQ, highlighted that futures short pressure is nearing an all-time high, despite BlackRock’s ETH ETF being bought on most days of June. It is a sign that bulls are strongly piling in and waiting for a key moment when bears get out of breath; a short squeeze could be on the horizon in July.

Additionally, there are expectations that altcoins will enter a parabolic rise phase, with ETH crypto at the forefront. This projection is supported by a decade-old support line for altcoins that has just been retested. A horde of ETH news could be aligned in H2, and one of them could trigger a blast.

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