Wednesday, July 30 – The Most Important Day of the Week 

2:00 PM ET – FED Interest Rate Decision 
The U.S. Federal Reserve will announce its interest rate decision for July. The expectation is that rates will remain unchanged. However, the guidance and economic assessments in the statement will be highly significant. 

2:30 PM ET – FED Chair Powell’s Press Conference 
Powell’s comments could be decisive for market pricing. Messages such as “higher rates for longer” or “economic softening” may cause sharp moves in the crypto market. 

The White House will also release its cryptocurrency policy report. 

Other Key Data Releases 

Tuesday, July 29 
10:00 AM ET – U.S. Consumer Confidence (July)
Expectation: 96.0 | Previous: 93.0
An increase in consumer confidence could signal economic vitality and impact risk assets. 

Wednesday, July 30
8:15 AM ET – ADP Private Sector Employment (July)
Expectation: 80K | Previous: -33,000
Labor market recovery may influence FED policies. 

8:30 AM ET – U.S. GDP (Q2) 
Expectation: 2.3% | Previous: -0.5%
Positive growth data may support risk assets, including crypto. 

Thursday, July 31 
8:30 AM ET – Core PCE (June)
Annual Expectation: 2.7% | Previous: 2.7%
PCE is a key inflation gauge for the FED and will influence monetary policy outlook. 

• Friday, August 1 
  8:30 AM ET – U.S. Nonfarm Payrolls (July)
  Expectation: 109,000 | Previous: 147,000 
• 8:30 AM ET – Unemployment Rate (July)
  Expectation: 4.2% | Previous: 4.1% 
• 8:30 AM ET – Average Hourly Earnings (July)
  Expectation: 0.3% | Previous: 0.2%
  Weakening labor market data could alter expectations for future FED rate moves. 
• Trump administration’s country-specific tariffs will officially take effect on August 1. 

With growth, inflation, and employment data alongside the FED decision, this week could set the direction for crypto markets. High volatility is especially expected on Wednesday. Investors should carefully adjust their positions based on announcements.

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Resistance Still Holds Firm

The previously identified resistance zone remains intact. Ethereum is currently testing this level, yet no clear breakout has occurred. If the price manages to breach this zone with strong volume, a rally toward $3,500 could be on the table. For now, however, there’s no confirmed signal suggesting this move is imminent.

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This resistance level stands as a significant barrier. A breakout above it could shift market sentiment in a more bullish direction.

Watch This Zone On Pullbacks

In case of a pullback, the nearest and most relevant support area lies between $2,801 and $2,618. This range has historically acted as a strong reaction point, and it’s expected to continue serving as a key support. Buyers could step in if the price approaches this area.

Ethereum Consolidation Persists

The current picture shows continued consolidation for Ethereum. Neither buyers nor sellers have gained the upper hand. Until a clear direction is established, traders are advised to monitor technical levels closely and stay patient.

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The post Ethereum Pending in Critical Zone! Will a Breakout Come? appeared first on Coin Engineer.

ETH Accumulates Around Support Area

According to our previous analysis, ETH remains in a state of consolidation around a major support level. For now, the support holds, and the price action suggests continued accumulation in this area.

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If this support zone is broken to the downside, we could see Ethereum retrace towards the $2,300 region. Such a move would reflect increased bearish momentum and a likely pullback scenario for the short term.

Upside Resistance Still at $2,550

On the flip side, the first major resistance level remains at $2,550. A confirmed breakout above this price could bring in stronger buying pressure, potentially leading to a more bullish trend for ETH.

Traders should closely monitor both support and resistance zones, as any break could signal the start of a significant price move.

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The post Ethereum Price Stuck at Key Support — Is a Breakout Near? appeared first on Coin Engineer.

Resistance Broken, Trend Line Tested

After successfully reclaiming the 2,450 – 2,405 USD resistance area, ETH first met a descending trendline. From there, the price gained momentum and pushed towards the 2,550 USD level. This move confirmed the bullish setup, giving traders confidence in the previous analysis.

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Support Zone Holding, But Pressure Builds

Currently, the price remains in the support region. However, if this area fails to hold, a pullback toward 2,300 USD could occur. Such a decline would raise red flags for short-term traders looking for stability.

The 2,550 USD level now acts as the immediate resistance. A strong breakout above this zone could signal a continuation of the upward trend, positioning Ethereum for further gains.

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The post Ethereum Holding Support: Can The Rally Continue? appeared first on Coin Engineer.

These consolidation patterns often precede sharp breakouts, especially when price action nears critical support or resistance levels. Right now, Ethereum appears to be on the brink of such a breakout.

Key Resistance Under Pressure

The upper boundary of the triangle—marked around $2,550—is being tested. If we see a solid 4-hour candle close above this level with supporting volume, a move toward the $2,650 mark could follow swiftly. This would signal renewed momentum for the bulls.

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However, volume confirmation is essential. Without it, there’s a risk of a false breakout, potentially trapping over-leveraged traders.

Downside Risk Still Lingers

Conversely, if Ethereum breaks down from the lower end of the triangle, the price could swiftly retreat to the $2,350 level. Short-term traders should closely monitor their stop-loss placements to manage risk accordingly.

While the direction isn’t confirmed yet, the breakout is likely near. Traders would be wise to watch support and resistance levels closely.

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The post The Giant Is Winding Up: A Breakout Looms for Ethereum appeared first on Coin Engineer.

Technical indicators suggest a critical phase is underway for investors. The reaction from the previously marked support zone is giving rise to renewed optimism.

Strong Rebound From Support Zone

As noted in previous analyses, the 2,394$ – 2,265$ support band proved effective. Ethereum bounced back from this level and climbed up to the bearish FVG resistance area. This movement hints at a resurgence of short-term confidence in the market.

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Is The 3,000$ Level Back In Sight?

The key level for continuation lies in the current resistance area. If this region is broken with solid momentum and sustained price action, Ethereum could revisit the 3,000$ target. However, as of now, there’s no clear hold above this resistance, which warrants caution among traders.

In such moments, patience and strategic positioning become crucial. Whether this resistance breaks or holds will likely determine the price direction in the coming days.

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The post Ethereum Tests Resistance: Is A New Rally On The Horizon? appeared first on Coin Engineer.

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This zone is crucial for short-term traders. If the price fails to hold above this level, a deeper correction could be on the horizon. Technical indicators suggest growing selling pressure.

$1,745 Support Level In Focus

Should Ethereum lose the $1,821 level, the next major support to watch is $1,745. This level previously acted as a strong demand zone, and buyers could step in again. However, unless the broader market shows signs of recovery, the bearish trend may persist.

Traders are advised to be cautious with short-term positions, as $1,821 remains the most critical level for now.

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The post Ethereum Rejected by Resistance: Eyes on Critical Support! appeared first on Coin Engineer.

While some investors joked about their ETH holdings being in the hands of a man who meows at machines, others saw this as a bullish sign for Ethereum.

Vitalik Buterin and the Robot Interaction

A viral video posted on X on March 29 shows Vitalik Buterin kneeling in front of a four-legged robot, making a “meow” sound, and patting it on the head.

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Cork Protocol co-founder Phil Fogel shared the clip, commenting that so much of his net worth depends on Buterin, but this quirky moment makes him even more bullish on Ethereum.

Will It Impact Ethereum’s Price?

Crypto investors are wondering if this hilarious moment has any significance for ETH‘s price. Pseudonymous trader Scott Crypto Warrior jokingly said, “Pray for our ETH bags.”

Currently, Ethereum is trading at $1,841, down 13.34% over the past month. Meanwhile, Bitcoin (BTC) is at $83,496, and the ETH/BTC ratio has hit its lowest value in nearly five years.

Well-known investor Alex Becker believes that Ethereum under $2,000 is a prime long-term buying opportunity.

Meanwhile, Castle Island Ventures’ Nic Carter argues that Ethereum‘s declining appeal comes from layer-2 solutions draining value from the main network and a lack of resistance against excessive token creation.

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According to the Ethereum Foundation, the update will be deployed on the Holesky testnet on February 24, 2025, followed by the Sepolia testnet on March 5, 2025. Finally, the upgrade will go live on the Ethereum mainnet on April 8, 2025.

With this upgrade, the Ethereum network is expected to become faster, more secure, and more user-friendly. It will bring major advancements in account management, transaction speed, and security, making it a key step in Ethereum 2.0’s evolution.

What’s New in the Pectra Upgrade?

Significant improvements will be made in Account Abstraction, simplifying private key management for users. Smart contracts will function directly as wallets, allowing for more secure and efficient transactions. This enhancement will enable a smoother and more seamless experience for Ethereum users.

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From a scalability perspective, the Ethereum network will be able to process more transactions efficiently. Transaction fees will be reduced, and confirmation times will be accelerated. These optimizations will make Ethereum more suitable for broader adoption and high-volume applications.

Security and user experience will also see notable enhancements. Advanced authentication mechanisms will be implemented, making decentralized applications (dApps) more accessible. With these improvements, Ethereum users will experience a safer and more seamless network environment.

The Pectra upgrade is a significant step toward achieving Ethereum’s long-term goals. By improving efficiency, scalability, and user-friendliness, it will contribute greatly to the Ethereum 2.0 roadmap, marking a major innovation in the crypto space.

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Ethereum’s Recent Price Action

Ethereum (ETH) recently dropped sharply from $3400, falling below the $3000 mark. However, it quickly found strong buying support at lower levels, leading to a swift recovery. The price rebounded and reached $3200, signaling the presence of a strong demand zone where buyers stepped in aggressively.

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This movement highlighted both short-term selling pressure and a key buying opportunity in the market.

Technical Analysis: Will Ethereum Continue to Rise?

Looking at the ETH/USDT 4-hour chart, we can observe Ethereum’s strong bounce after its sharp decline.

• Short-Term Moving Averages (Red, Orange, and Blue Lines): Ethereum is currently testing short-term moving averages. The 20 EMA (red line) and 50 EMA (orange line) are acting as resistance. A breakout above these levels is crucial for further upside momentum.
• Long-Term Moving Average (Blue Line): Breaking this level could pave the way for Ethereum to reclaim the $3400+ zone.

Key Support and Resistance Levels

• Support: $3100, $3000
• Resistance: $3250, $3400

Next Targets for Ethereum

If Ethereum holds above $3200, it may continue its rally toward $3400. However, if it fails to sustain above $3100, another retest of the $3000 support level could be imminent.

Investors should closely monitor these critical resistance levels and keep an eye on Bitcoin’s price action, as it could significantly influence Ethereum’s trajectory.

Ethereum has demonstrated a strong recovery after facing intense selling pressure. The ability to stay above $3200 will be a crucial factor in determining whether ETH can push higher. A breakout above $3250 could fuel further gains, while a drop below $3100 may trigger another correction.

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The post Ethereum Price Rebounds After Sharp Drop! What’s Next? appeared first on Coin Engineer.