Ethereum is in a consolidation phase but shows signs of accumulation that may lead to a bullish breakout.
Current Ether Price
As of the last market check on July 5, 2025, Ethereum's price was around $2,500, remaining in a narrow range since May. The increase in positions by major investors and a $219 million addition to ETH-based ETFs this week highlight expectations of price growth.
Dynamics of Ether Ownership
Data shows that large investors continue to increase their positions. Addresses holding between 10 and 100 million tokens have raised their holdings to 64 million tokens. There are currently 7.3 million ETH on exchanges, significantly down from 10.73 million in February.
Technical Analysis of Ethereum Price
The daily chart reveals that Ethereum's price has stayed within a tight range since May. This has formed a bullish flag, indicating a potential strong bullish breakout to a target level of $4,287 if the price surpasses last year's high of $4,100. However, the forecast becomes invalid if the price falls below $2,000.
The existing consolidation and signs of ETH accumulation indicate possible bullish growth, but also require careful monitoring of support levels.
