In today’s ETH USD price prediction, Ethereum is trading near $1,725, up roughly 4–6% over the past 24 hours, as a wave of short liquidations tears through the derivatives market. The real question is whether this bounce has legs or is just squeezing out weak hands.
Crypto liquidations hit $398M over the last 24 hours, per CoinGlass, with short positions accounting for $266M of that carnage. ETH alone accounted for $187M in liquidations, surpassing Bitcoin’s $184M to become the largest source of forced closes.
The trigger was a combination of macro relief and technical short covering. Federal Reserve Chair Kevin Warsh declined to commit to rate hikes on Wednesday, leaving markets in an uncertain but briefly relieved state.
That same day, June jobs data came in at just 57,000 new payrolls against a consensus estimate of 115,000, a miss that paradoxically supported risk assets by softening the case for aggressive monetary tightening.
ETH USD Price Prediction: Can Ethereum Break $1,734 and Force More Short Liquidations?
$ETH is approaching its key resistance level.
A reclaim of the $1,750 level could result in an 8%-10% rally in Ethereum. pic.twitter.com/9gqmSlum2J
— Ted (@TedPillows) July 3, 2026
Ethereum is currently range-bound between $1,585 and $1,734, according to TradingView technical structure, with $1,585 acting as the line in the sand for bulls.
Price reclaimed ground above $1,600, a level analysts had flagged as critical support after aggressive dip buying stalled the prior selloff. The liquidation data and key support levels had been pointing to exactly this kind of snapback.
Three scenarios are on the table right now:
- Bull case: ETH clears $1,734 with conviction and volume. That flips resistance to support, pressures remaining short positions to close, and opens the door toward $1,923 and then $2,133, the next resistance clusters identified by CoinLore’s technical model. Institutional ETF flow narratives add a longer-term tailwind here.
- Base case: ETH grinds sideways between $1,650 and $1,734, consolidating the short-squeeze gains without a clean breakout. Near-term price models project ETH to reach $1,645 within 10 days, roughly where it is now, suggesting the immediate upside may already be largely priced in at current levels.
- Bear/invalidation: A close back below $1,585 would undermine the recovery thesis entirely. That would signal the bounce was purely mechanical short covering with no genuine bid underneath, and reopen the path toward prior lows.
Momentum indicators are constructive but not decisive. Investing.com’s technical analysis reflects mixed signals at the daily timeframe, which is consistent with a market still digesting a volatile week rather than committing to a new trend. Long-term, Traders Union forecasts place ETH at approximately $3,370 by the end of 2026 and $5,278 by 2030.
Watch the $1,734 level closely. A clean, higher break with volume is the only thing that turns this from a relief bounce into something more serious.
EXCLUSIVE: Earn $10 USDC Via Binance Sign-UpBitcoin Hyper Targets Early Mover Upside as ETH Tests Key Resistance
ETH USD price prediction has the asset at $1,700 sounds like a recovery, until you remember it traded above $3,000 earlier in this cycle. Even the bull case to $2,133 represents less than 25% upside from here at a market cap already measured in hundreds of billions.
For traders who want asymmetric exposure to the Bitcoin ecosystem’s next growth leg, the math on large caps starts to look less compelling. That’s where early-stage infrastructure plays come into the picture.
Bitcoin Hyper (HYPER) is positioning itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, the SVM being the same smart contract execution environment that powers Solana’s sub-second transaction speeds.
The project’s pitch is direct: take Bitcoin’s security and trust, strip out its core limitations (slow transactions, high fees, no programmability), and run fast, scalable smart contracts on top via a Decentralized Canonical Bridge for BTC transfers.
The presale has raised $32,921,487.36 at a current token price of $0.0136825, with staking available at high APY for early participants.
That’s a meaningful fundraiser for a pre-launch project, though presale capital raised is not a performance guarantee; smart contract risk, execution risk, and the competitive Bitcoin L2 landscape are real considerations before committing capital.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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