Ethereum has formed a new high above its previous impulsive leg. Although this peak is lower than the one a month ago, the current structure looks healthy. During this move, ETH left an imbalance around the 2373 level, which aligns closely with a potential retracement zone.
Volume appears to be decreasing or reaching exhaustion, suggesting the rally may be losing strength. A correction towards 2685 could be on the table. For now, the setup does not favor either a long or short position.
ETHUSDT 🟢 #ETH Update #2 – July 10, 2025
