Ethereum (ETHUSD) Price Forecast: July 5
ETHUSD price might reach the $2500.00 high mark as the coin is currently running a bullish race and remains stable at the moment. Thus, a sharp breakout and closure above the current correction phase at $1953.60 high value will invalidate any bearish thesis and the price might hit the high at $2500.00 level and beyond.
Key Levels:
Resistance Levels: $1800.00 $1900.00, $2000.00
Support Levels: $1400.00, $1300.00, $1200.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
Ethereum price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
This is clear as we can see the prices trading above the supply levels while approaching the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
The sustained pressure by the long traders at the $1937.26 high level during the last session has made it capable for the coin to maintain its upward trend in its recent price level.
The bulls made an increase to the $1953.60 supply value above the two EMAs shortly after the daily chart opens today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels which could lead to the retest of its previous high of $2142.85 value.
Next, the Ethereum price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and the price might reach the $25000.00 upper supply trend line in the days ahead in its higher time frame.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
The coin also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow. 
The bulls have sustained the crypto market at the $1937.26 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
On the 4-hourly chart today, there is a broader recovery in the prices. The price of Ethereum jumped up to a $1952.00 supply level above the moving averages as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore push the price of ETHUSD to reach the $2500.00 high mark in no long time in the medium-term time frame.
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