{"id":36087,"date":"2025-07-10T04:46:56","date_gmt":"2025-07-10T04:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36087"},"modified":"2025-07-10T04:46:56","modified_gmt":"2025-07-10T04:46:56","slug":"ethereum-closes-on-2800-in-7-gain-but-resistance-remains","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36087","title":{"rendered":"Ethereum Closes on $2,800 in 7% Gain But Resistance Remains\u00a0"},"content":{"rendered":"<div>\n<p>Ethereum has made a rare move north today, adding 7% in under 24 hours to reach $2,787 during early trading in Asia on Thursday morning.\u00a0The four-week high is the highest the asset has traded since June 12, when it reached $2,870.<\/p>\n<p>However, heavy resistance lies at this level, and Ether has not traded above $3,000 since early February. Nevertheless, analysts and traders remain optimistic.<\/p>\n<h2>What The Analysts Are Saying<\/h2>\n<blockquote>\n<p>\u201cETH is nicely grinding back upwards, and it\u2019s on the edge of having a big breakout upwards taking place,\u201d <a href=\"https:\/\/x.com\/cryptomichnl\/status\/1942951121867399228\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">observed<\/a> MN Fund founder Micha\u00ebl van de Poppe<\/p>\n<\/blockquote>\n<p>He added that there will be a \u201clot of momentum in the entire ecosystem\u201d in the coming period. There is also a large number of positions that will get liquidated if ETH returns to $2,800, <a href=\"https:\/\/twitter.com\/TedPillows\/status\/1942915889650659411\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">observed<\/a> Ted Pillows.<\/p>\n<p>He added that \u201cSmart money is buying, and the Ethereum fractal looks like the Bitcoin 2020-21 cycle,\u201d before stating that \u201cThe biggest move will happen in the coming months.\u201d<\/p>\n<p>Analyst \u2018Merlijn The Trader\u2019 compared the Ethereum chart to the Dollar Index (DXY), saying. \u201cIt\u2019s 2020 vibes but now with trillions in play.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ethereum and the Dollar Index are dancing again.<\/p>\n<p>It\u2019s 2020 vibes but now with trillions in play.<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> just hit step 3.<br \/>\nSteps 4 and 5? That\u2019s when the fireworks begin.<\/p>\n<p>The reversal wave has begun.<br \/>\nDon\u2019t miss it. <a href=\"https:\/\/t.co\/ubNIehmVpD\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ubNIehmVpD<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1943007242036658584?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, investor \u201cCrypto GEMs\u201d compared the current chart pattern with a virtually identical pattern for ETH just before it rallied in 2017, albeit on different time scales.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Ethereum<\/a><\/p>\n<p>Just follow the charts\u2026<\/p>\n<p><a href=\"https:\/\/t.co\/Pp3qlZB1yk\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/Pp3qlZB1yk<\/a><\/p>\n<p>\u2014 Crypto GEMs (@cryptogems555) <a href=\"https:\/\/twitter.com\/cryptogems555\/status\/1942821004503572882?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This week, crypto venture firm Electric Capital <a href=\"https:\/\/cryptopotato.com\/ethereum-is-becoming-what-treasuries-are-to-traditional-finance-research\/\" data-wpel-link=\"internal\">predicted big things<\/a> for Ethereum as it becomes the backbone of digital finance and tokenized assets such as stablecoins.<\/p>\n<p>Nevertheless, Ethereum is still down 43% from its 2021 all-time high, while big brother Bitcoin just <a href=\"https:\/\/cryptopotato.com\/bitcoin-records-new-all-time-high-breaks-above-mays-peak\/\" data-wpel-link=\"internal\">reached<\/a> a new one.<\/p>\n<h2>Bitcoin Returns to ATH<\/h2>\n<p>Bitcoin jumped to a new peak on some exchanges at around $120,000 but was unable to move any higher and has since fallen back to $111,000 at the time of writing.<\/p>\n<p>The move by the top two has added $100 billion to total crypto market capitalization, which is currently at $3.53 billion.<\/p>\n<p>The altcoins were mostly green with <a href=\"https:\/\/cryptopotato.com\/xrp-prices-hit-7-week-peak-as-this-crucial-metric-suggests-further-gains\/\" data-wpel-link=\"internal\">XRP<\/a>, Dogecoin, Cardano, Hyperliquid, Sui, and Stellar performing better than their brethren.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-closes-on-2800-in-7-gain-but-resistance-remains\/\" rel=\"nofollow\">Ethereum Closes on $2,800 in 7% Gain But Resistance Remains\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has made a rare move north today, adding 7% in under 24 hours to reach $2,787 during early trading in Asia on Thursday morning.\u00a0The four-week high is the highest the asset has traded since June 12, when it reached $2,870. However, heavy resistance lies at this level, and Ether has not traded above $3,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36087","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36087"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36087\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}