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Ethereum is holding firm above the $3,500 level, a key support reclaimed last Friday, signaling renewed strength in the market. After surging over 70% since late June, ETH appears to have entered a new bullish phase driven by rising demand and institutional interest. The momentum has shifted clearly in favor of the bulls, with technical structure and price action aligning to support further upside. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April – Details Adding to the bullish outlook, CryptoQuant data shows that Ethereum open interest has reached an all-time high, pointing to growing trader activity and rising capital in ETH derivatives markets. This surge in open interest often precedes large price movements, suggesting that Ethereum could see heightened volatility and expansion in the coming days. The combination of sustained price levels, strong trend continuation, and increasing participation sets the stage for a potentially explosive move. If bulls can maintain control above $3,500, Ethereum could be gearing up for a fresh leg higher in the short term. As the market awaits confirmation, all eyes are on ETH to see whether this momentum can drive it toward new 2025 highs. The coming week could prove pivotal for Ethereum’s medium-term trend. Ethereum Open Interest Hits Record ATH Ethereum’s market setup continues to strengthen, with open interest in ETH derivatives reaching a new all-time high of $50 billion, according to CryptoQuant data shared by analyst Ted Pillows. “Buckle up and enjoy the Ethereum ride,” Pillows stated, highlighting the elevated volatility ahead as a potential springboard for aggressive price action. This level of open interest is historically significant and often signals that large players are positioning for a major move. Such a dramatic increase in capital committed to ETH futures and options suggests rising investor confidence and heightened anticipation of directional momentum. While high open interest can lead to either a sharp rally or a correction, current on-chain and macro fundamentals indicate that the market may be leaning bullish. Ethereum’s network growth remains steady, with rising active addresses, validator participation, and increased activity on Layer 2s. More importantly, the recent passage of the GENIUS Act in the US provides legal clarity for stablecoins and lays the foundation for broader crypto regulation, benefiting Ethereum directly as the base layer for DeFi and real-world asset tokenization. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates ETH Breaks Out With Eyes On Key Resistance Ethereum (ETH) has confirmed a powerful breakout above the psychological $3,500 level, closing at $3,588.26 on the 3-day chart. The move follows a strong rally from late June lows, with the price now up over 70% in less than a month. Importantly, ETH has broken past all major moving averages, including the 50, 100, and 200 SMAs, signaling a shift toward bullish momentum across longer timeframes. Volume has increased significantly during this breakout, reinforcing the strength of the move. The next major resistance lies at $3,742.95, a level that previously acted as a local top earlier in the year. A successful close above this mark could open the door for a retest of the $4,000–$4,200 range. Related Reading: Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance On the downside, $2,852.16 now serves as a key support level. This level marked previous consolidation and breakout, aligning with the confluence of former resistance and the 200-day moving average. Holding above this zone is critical to maintain the current bullish structure. Featured image from Dall-E, chart from TradingView

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way MicroStrategy treats bitcoin, the token price need only follow the mathematics of balance-sheet absorption to reach roughly $30,000. Lee’s argument rests on the mechanics he says really powered MicroStrategy’s spectacular equity rerating. From 11 August 2020 through today the software company’s shares climbed from $13 to about $455, a 35-fold gain. Only eleven of those thirty-five turns came from bitcoin’s own rise—roughly $11,000 to $118,000 in the same period—while twenty-five turns were created by “treasury strategy,” Lee wrote, meaning repeated financings that increased BTC per share even faster than the coin’s spot price. Ethereum To $30,000? Lee lists three moves that made the template work and, in his view, will be even more potent for ETH: issuing new stock above net-asset value to acquire more tokens, exploiting token volatility to lower borrowing costs, and relying on convertibles or preferred shares to cap dilution. Because ether’s realised volatility still exceeds bitcoin’s, Lee argues the cost of debt-and-option structures used to lever the treasury can be driven lower still, accelerating token accumulation. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout In the same thread he reposted a chart showing that his own vehicle, BitMine Immersion Technologies, purchased four times more notional value in its first week of activity ($1 billion in ETH) than MicroStrategy bought in its first week of bitcoin purchases back in 2020. BitMine’s numbers illustrate the scale. A regulatory filing and follow-up press release on 17 July confirmed the company now holds 300,657 ETH—just over $1 billion at the time of publication—after closing a $250 million private placement on 8 July. Lee, who chairs BitMine’s board, said the firm is “well on our way to acquiring and staking five per cent of the overall ETH supply.” The second-largest treasurer is SharpLink Gaming, chaired by Ethereum co-founder Joseph Lubin. On 17 July the company updated its SEC prospectus to increase the stock it can sell from $1 billion to $6 billion, saying proceeds will fund additional ETH purchases. SharpLink had already raised $413 million between 7 and 11 July and disclosed 280,706 ETH on its books as of 13 July, all but a few hundred of which are staked for yield. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Bit Digital rounds out the trio. After a $172 million underwritten share sale on 7 July and the liquidation of 280 bitcoin, the Nasdaq-listed miner reported a treasury of 100,603 ETH and declared its intention to become “the pre-eminent ETH holding company in the world,” according to chief executive Sam Tabar. Taken together, the three firms now control roughly 682,000 ETH, or about half a per cent of the circulating supply, and each has active authorisations to issue more equity or debt expressly for ether accumulation. Lee insists the reflexive loop this creates—higher share prices providing ever-cheaper capital that buys still more token per share—can compress the time it takes for price to capture scarcity. Crypto analyst DCInvestor, responding to Lee’s thread, distilled the mathematics into a range: “Tom Lee basically calling for like $30-80K ETH. And some of you think we are gonna stop $1-2K after last cycle’s all-time high.” Ether changes hands today near $3,600. An eight-fold move to $30,000 would merely replicate the multiple that bitcoin logged between MicroStrategy’s first treasury purchase and its 2021 peak. The difference, Lee argues, is that MicroStrategy spent four years proving the model; Ethereum treasuries have taken less than two months to raise their first few billion dollars. Featured image created with DALL.E, chart from TradingView.com

Ethereum has surged more than 70% since mid-June, marking one of its most impressive rallies of the year. The move has been driven by strong momentum, with bulls firmly in control as ETH recently reclaimed the critical $3,500 level. Notably, the uptrend has shown little to no retracement since the initial breakout, signaling sustained buying interest and confidence among investors. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now One of the most striking developments supporting this move comes from CryptoQuant, which highlights the emergence of a significant premium on Ethereum traded through Coinbase. This is particularly noteworthy because Coinbase is a platform predominantly used by US institutions and high-net-worth individuals. The premium suggests aggressive spot buying by whales, indicating renewed institutional interest in Ethereum. This renewed demand comes as the broader crypto market sees clearer regulatory signals and increasing ETF flows into ETH-related products. As Ethereum continues to outperform and attract capital, traders are watching closely to see if this momentum will carry into a broader altcoin rally—or even signal the start of a long-awaited altseason. US Whales Lead the Charge as Ethereum Buying Activity Accelerates According to a recent report by CryptoQuant analyst Crypto Dan, Ethereum is seeing a notable increase in buying activity, particularly from US-based whales. The steady rise in accumulation, combined with a clear premium on Coinbase, suggests that high-net-worth players are positioning themselves ahead of further upside. Supporting this trend, daily inflows into Ethereum spot ETFs have surged to new all-time highs. This sharp spike reflects growing institutional confidence in ETH as a core digital asset, especially following recent regulatory clarity in the US. With Ethereum now trading above $3,600, demand continues to outpace supply across multiple channels. What makes this rally especially interesting is the current market environment. On-chain metrics show that Ethereum is not yet significantly overheated. Indicators such as NUPL (Net Unrealized Profit/Loss) suggest room for further expansion before excessive euphoria sets in. This creates favorable conditions for ETH to consolidate at higher levels before potentially breaking out again. However, the coming weeks will be crucial. If strong inflows and bullish momentum persist into late Q3 2025, analysts warn it could trigger signs of overheating. While we are not there yet, repeated vertical moves without retracement should prompt caution. Investors may need to reassess risk levels if the pattern continues. Related Reading: Altcoins Reclaim Key Technical Level – Can Momentum Sustain This Time? Ethereum Breaks Key Resistance With Strong Weekly Candle Ethereum is currently trading at $3,620 with two days left before the weekly candle closes, up more than 21% so far. This ongoing rally has pushed ETH firmly above the $2,852 resistance level — a crucial zone that capped price action for months. The move comes with high volume and follows a breakout above the 50-, 100-, and 200-week moving averages, now all reclaimed as support at $2,654, $2,664, and $2,430, respectively. With momentum accelerating and buyers clearly in control, market attention is shifting toward the next key resistance at $3,742, marked by the weekly wick high from December 2024. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Although the candle has not yet closed, its current size and structure highlight growing bullish strength. This surge builds on Ethereum’s 70% rally from mid-June, suggesting that an expansion phase may be underway. If ETH holds near or above current levels by Sunday, it would confirm one of the strongest weekly performances this year and potentially trigger further upside. Until then, traders are watching closely to assess whether this breakout can sustain its pace or if a near-term pullback is due after such an aggressive move. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across the market. This breakout marks a significant shift in market trend, opening the door for a potential rally toward higher targets around the $4,000 level. Ethereum Targets $4,000 After EMA50 Breakout The Ethereum price has delivered an explosive rally after its recent breakout above the EMA50 barrier. Given this development, crypto analyst Doctor Profit has forecasted on the X social media that ETH is gearing up for a massive surge toward $4,000.  Related Reading: Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout Sharing a detailed chart analysis, Doctor Profit disclosed that Ethereum was finally able to close above the key moving average after weeks of resistance and failed attempts to flip it into support—a struggle clearly shown by the multiple rejection wicks marked by the green arrows.   Notably, Ethereum’s breakout has triggered a strong continuation move, with its price surging over 28.17% in just one week, climbing from around $2,500 to a high near $3,226, at the time of the analysis. This price action marks a significant shift in momentum, indicating that the bulls may have regained control on the higher time frame.  According to Doctor Profit, Ethereum’s current technical structure suggests that further upside could follow its EMA50 breach. The clean break and hold above the moving average have invalidated previous bearish pressure zones and opened a path toward potentially higher price targets.  Based on historical price behavior after similar breakouts, the analyst expects Ethereum to rally toward $4,000 in the coming weeks. Such a move would reflect a notable 9.64% increase from its current price of approximately $3,648.  In his post, Doctor Profit noted that ETH is showing no immediate signs of weakness on the chart, with price holding strong above prior resistance levels. As a result, the recent breakout appears to have solidified as a new foundation for the next leg up. ETH Upside Targets Extend Beyond $4,000 Crypto market expert Henry stated in a recent analysis on X that Ethereum has staged a comeback, surging past $3,400 for the first time in five months and breaking out of a textbook Bull Flag pattern. This bullish momentum follows weeks of price consolidation and a key fakeout, which appears to have successfully flushed out prior downside liquidity.  Related Reading: Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets After forming two distinct consolidation zones around the $1,800-$2,000 and $2,800-$3,000 levels, ETH faked a breakdown before launching into a sharp rally. The cryptocurrency’s chart structure now shows strong bullish continuation signals, with the current trend pointing toward an immediate target of $4,000. Henry has forecasted that Ethereum’s upside targets extend far beyond $4,000, with potential milestones projected at $6,000 and even $10,000. While the analyst remains confident in ETH’s ability to reach these bullish targets, he acknowledges that a short-term correction to around $2,800 is possible before the price rally. Featured image from Pixabay, chart from Tradingview.com

Ethereum is trading at a pivotal level after a strong bullish rally pushed its price above the $3,650 mark. This surge has positioned ETH as one of the strongest performers in the current crypto market cycle, igniting optimism among investors and analysts alike. With bulls in control, many are pointing to growing momentum across altcoins as a sign that the long-anticipated altseason may finally be underway. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now Adding to this narrative, Ethereum has now entered the list of the top 30 global assets by market capitalization, reaching a $416.17 billion market cap. This achievement reflects not only price appreciation but also a rising wave of global recognition and adoption. Institutional demand is climbing, spot ETF inflows are surging, and technical indicators remain firmly in bullish territory. As Bitcoin consolidates after reaching new all-time highs, Ethereum’s relative strength is drawing attention. The coming days will be key in confirming whether ETH can sustain this momentum and push toward new highs, or if it will face resistance at this psychological level. For now, market sentiment remains optimistic, and Ethereum’s positioning among the world’s top assets hints at a maturing digital economy with ETH at its center. Global Adoption Increases For Ethereum Ethereum has officially become the 26th most valuable asset globally by market capitalization, according to data shared by top analyst Ted Pillows. With a market cap of over $416 billion, Ethereum now sits among the world’s financial giants—an impressive milestone that underscores the asset’s growing legitimacy and investor interest. Pillows added that this positioning could mark the beginning of Ethereum FOMO, as both retail and institutional investors react to rising momentum and market structure. This surge in valuation comes on the heels of a major legislative breakthrough. The US House of Representatives passed three critical crypto bills yesterday, including the GENIUS Act and the Clarity Act. These laws aim to bring much-needed regulatory transparency to the crypto sector, further reinforcing investor confidence. The passage of these bills is viewed as a turning point in US crypto policy, setting the stage for broader institutional adoption and innovation. Meanwhile, institutions are ramping up ETH accumulation. On-chain data reveals steady inflows into Ethereum spot ETFs, while a noticeable premium on Coinbase suggests strong demand from US-based whales. Combined with a bullish price structure and improving macro conditions, Ethereum appears to be entering an expansive phase, not only in price but also in network usage and adoption. Related Reading: Altcoins Reclaim Key Technical Level – Can Momentum Sustain This Time? ETH Surges To New Highs After Breaking Major Resistance Ethereum has continued its bullish advance, now trading at $3,619 following a clean breakout above the key resistance level at $2,852. The chart shows a clear shift in momentum, with ETH surging more than 25% over the past week, backed by strong volume and bullish structure. This marks the highest price since early 2024, and it comes as Ethereum decisively clears all major moving averages on the 3-day chart—the 50, 100, and 200 SMAs. The 200-day SMA at $2,815 had acted as a long-standing ceiling during the past year of consolidation and correction. Now that price has reclaimed it with strength, the previous resistance could flip into strong support in the near term. The recent price action also resembles the breakout pattern seen before ETH’s last major rally toward all-time highs. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Volume has significantly increased, further validating the breakout and suggesting that institutional participation may be rising again, especially as spot Ethereum ETFs continue seeing record inflows. If ETH holds above the $3,400–$3,500 region over the coming days, a continuation toward the $4,000 psychological level could be next. Featured image from Dall-E, chart from TradingView

After beating the resistance mounted at the $3,000 by bears for months now, the Ethereum price looks primed for a further breakout. Expectations currently are that the Ethereum price rally will trigger the next altcoin season and possibly lead to a push toward new all-time highs for ETH. One analyst in particular has compared this breakout to what was seen back in May 2025, something that could mean that higher levels are in store for the altcoin. Ethereum Is Mirroring Its Move From May May 2025 has remained one of the most bullish for the Ethereum price so far this year, rallying by more than 40% in a 30-day period. The price had gone from a low of around $1,770 to a high of $2,650 before retracing. But the most important thing was the trend and how the price moved before finally reaching its high. There was an initial surge, then some sideways movement, before the final upsurge to $2,600, and then the eventual top. Related Reading: Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details According to crypto analyst CryptosBatman on the social media platform X (formerly Twitter), the Ethereum price is once again mirroring this price movement that led to its 40% surge. The post highlights the fact that Ethereum has already seen an initial breakout and has begun to move sideways. However, this sideways move is not expected to last long and is actually part of the overall move. As the crypto analyst explained, the same triangle pattern that formed in May 2025 is now forming after the Ethereum price crossed the $3,000 range. Hence, the sideways movement is expected as investors take profit. Once the sideways accumulation is done and the triangle pattern is broken, then Ethereum is expected to begin rallying once again. The next target from here is above $3,600. Factors Driving The ETH Bullish Momentum Other than the fact that the Ethereum price has formed a similar triangle pattern to what was seen back in May, there are also notable developments in terms of accumulation that are also driving the price. For one, Spot Ethereum ETF inflows have continued to ramp up. Related Reading: XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH? Data from the Farside website shows that Ethereum ETFs have recorded positive net flows for almost two weeks straight now. The likes of BlackRock and Fidelity are leading the charge with tens of thousands of ETH being bought up daily. Ethereum treasury companies are now the rave of the moment as the likes of SharpLink and BitMine begin accumulating hundreds of millions of dollars in ETH. This rise in institutional adoption has become one of the major pushes for Ethereum as investors clamor for new highs. Featured image from Dall.E, chart from TradingView.com

Daniel Yan, the founder and CIO of Kryptanium Capital, a managing partner at Matrixport Ventures, and previously an executive at Bitmain and Merrill Lynch, writes today via X: “Everyone is comparing SBET to MSTR and thus concludes super-bullishly for both ETH and SBET. Together with the ETF massive flow, the logic seems impeccable… I think SBET differs massively from MSTR on two fronts… All the above point to a maximization of short-term interest.” The comparison of SharpLink Gaming (SBET) to MicroStrategy (MSTR) has become a fixture of crypto-equity chatter as Ether rallies to 16-month highs on the back of record US spot-ETF inflows. But in a post published this morning, venture investor Daniel Yan argues that the two “proxy” trades share less DNA than the market assumes. SBET Isn’t MicroStrategy—What It Means For Ethereum Price SharpLink’s metamorphosis from an i-gaming software vendor into the world’s largest corporate Ether holder has been dizzyingly fast. Since the firm announced its treasury pivot on 2 June, it has amassed 280,706 ETH (≈ $925 million) and staked nearly all of it, earning 415 ETH in rewards. To fund the spree, SharpLink sold 24.6 million shares for $413 million via an at-the-market (ATM) facility between 7 and 11 July. The company still has $257 million of authorised capital it has yet to commit to the market. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Management insists dilution is offset by growing “ETH Concentration” (ETH ÷ 1,000 assumed diluted shares), which has risen from 2.00 to 2.46 ETH in just five weeks. Nevertheless, Yan warns that the very mechanism powering SharpLink’s accumulation—constant equity issuance—is also a pressure point: “This method creates a massive dilution effect on the ETH-per-share metric, which makes SBET price more vulnerable to negative shocks.” MicroStrategy’s Bitcoin strategy is held together by cheap, long-dated leverage. Since mid-2020 the firm has floated $8.2 billion of convertible notes—all funnelled into BTC—and only secondarily tapped its own ATM shelf. Because converts embed an equity option, they dilute only if MSTR’s share price leaps, effectively synchronising new issuance with bullish sentiment. Yan calls this a “flywheel” that SBET lacks. Indeed, five of MicroStrategy’s six convert issues are already deep in the money as MSTR flirts with all-time highs, turning the debt into quasi-equity on highly favourable terms. By contrast, SharpLink relies almost exclusively on equity sales; every fresh tranche increases the denominator immediately, regardless of where SBET trades. Yan also highlights governance asymmetry: SharpLink was recapitalised by “one of the largest consortium of ETH holders,” whose own SBET shares unlock in roughly five months. He frames the arrangement as a “multi-party prisoner’s dilemma,” implying insiders may be incentivised to monetise quickly rather than steward a decades-long treasury strategy. No comparable unlocking event hangs over MicroStrategy, whose executive chairman Michael Saylor owns the bulk of the voting stock and has repeatedly pledged never to sell. Related Reading: SharpLink Gaming Buys Another $19.5M In Ethereum: Institutional Accumulation Yan’s comments land just as Ether ETFs smash records. US spot funds absorbed $726.6 million in net inflows on Wednesday, their best day since launch, lifting cumulative holdings above 5 million ETH. Bulls argue that such flows will continue to buoy both Ether and any equity that warehouses it. Even Yan concedes “there is merit in this for the short term.” But his analysis underscores that the path-dependency of SharpLink’s model—equity issuance first, crypto purchases later—carries different risks from MicroStrategy’s debt-driven lever. The key divergence is simple: MicroStrategy’s converts dilute only if the bet is already winning; SharpLink’s ATM dilutes so the bet can be placed. Yan is not forecasting an imminent crash—he explicitly disavows any short position in Ether—but he urges investors caught up in “the euphoric period” to scrutinise capital-structure mechanics. If SharpLink’s insiders do treat the company as a short-term vehicle and ETF momentum cools, the ATM-powered “flywheel” could spin the opposite way: more shares, lower ETH-per-share, weaker SBET. Conversely, if Ether keeps climbing and the firm times its issuance astutely, shareholders could still enjoy MicroStrategy-style convexity. The difference, as Yan makes clear, is that SharpLink’s leverage is worn on the cap table, not tucked inside a convertible note. At press time, ETH traded at $3,412. Featured image created with DALL.E, chart from TradingView.com

Ethereum is flashing signs of an aggressive upside move, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a “God candle” that could propel ETH beyond the $4,000 mark within days. In a post on X, Kaleo wrote: “God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens anon. up only soon.” In Kaleo’s chart, the Ether–USDT pair is sketched inside an ascending wedge whose upper boundary has capped every rally for more than three months. That resistance line now sits near $3,000, while the lower boundary originates near $1,450 in early April and accelerates through $2,600 by late June. Ethereum Breakout Fuels $4,000 Hopes The pattern briefly failed in mid-June, when price sliced through support and bottomed near $2,100—an episode Kaleo tags “Breakdown.” Three week later the market closed decisively back above that very line, an event he annotates “Reclaim,” converting former support turned resistance back into a springboard. Related Reading: Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout Candles since the reclaim have marched steadily higher, compressing volatility against the wedge’s apex until earlier this week when price punched through the ceiling at roughly $3,030. At the moment the screenshot was taken the pair traded near $3,041, and a hand-drawn white projection—labelled “Send”—plots a near-vertical advance that crests just above $4,000. The projection takes its height from the widest section of the wedge: the distance between the early-May trough and the mid-May swing high measures a little over $1,000; adding that amplitude to the breakout point delivers a classical measured-move objective in the low-$4,000s, matching Kaleo’s target. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip Also importantly, price has reclaimed the psychological $3,000 handle on convincing momentum, turning what had been the midpoint of the range into fresh support. Intermediate friction zones appear near $3,344–the 0.618 Fibonacci retracement also known as the “golden pocket– but the projection assumes these levels will offer little resistance should a “god candle” materialise. Kaleo’s prediction comes on the heels of a broader risk‑on backdrop: Bitcoin is accelerating towards its record high near $123,000 from last week as investors embrace a steadier macro environment. For Ether specifically, enthusiasm has been amplified by an SEC filing revealing that Peter Thiel’s Founders Fund accumulated a 9.1 percent stake in Bitmine  Immersion  Technologies, the Tom Lee‑chaired public company that has stockpiled more than 163,000 ETH—roughly half a billion dollars’ worth—as part of an aggressive Ethereum‑treasury strategy. The twin tailwinds of macro‑driven liquidity and high‑profile venture endorsement reinforce Kaleo’s thesis that a “god candle” toward the $4,000 mark could ignite before the week draws to a close. At press time, ETH traded at $3,225. Featured image created with DALL.E, cart from TradingView.com

After weeks of whisper-quiet consolidation, Ethereum has finally found its voice, roaring through a historically thin price zone with conviction. Backed by heavy volume and strong weekly closes, ETH’s breakout isn’t just technical. The silence is over, and the bulls are back in charge. Weekly Charts Tell The Story: ETH Strength vs. SOL Struggle Cazz, in a recent update on X, highlighted a significant development on the Ethereum weekly chart. The ETH/USD pair has broken out of an 8-week tight consolidation range. This breakout came on the back of high volume and strong weekly closes near the highs. Its rapid price movement through a historically thin zone further confirms that this is classic big money behavior. Related Reading: Ethereum Bulls Roar — $3K Beckons After 5% Spike The technical structure suggests Ethereum’s bullish momentum is not only gaining traction but also aligning with broader institutional interest. This kind of breakout pattern often indicates the start of a stronger trend, especially when accompanied by elevated volume and price conviction as seen on the chart. In contrast, the SOL/ETH chart is showing a completely different story. Cazz pointed out that the pair is breaking down below long-term support on the weekly timeframe. This signals relative weakness and may be a sign that market participants are shifting preference away from SOL in the short and medium term. While Solana could still deliver in isolated moves, the overall structure puts Ethereum as the stronger asset.  Cazz’s analysis suggests a shift in market leadership, with Ethereum gaining strength through “classic big money behavior” while Solana shows weakness. As ETH asserts itself as the institutional Layer 1, it could be entering a more dominant phase in the near term. ETH Shifts Gears: From Accumulation To Acceleration According to Cazz, after “more than a year of sideways action and base building,” which he notes “can be a sign of institutions building substantial positions,” ETH appears to be transitioning into a new leadership phase. This shift is backed by strong fundamentals (tokenized treasuries, RWAs, DeFi infra) and upcoming regulatory catalysts, all pointing toward Ethereum’s growing dominance. Related Reading: Ethereum Price Signals Strength — Bullish Pop May Be Just Ahead Cazz highlighted that “Ethereum memes are coming back to life on big volume,” signaling a strong return in community sentiment and trader interest. This renewed energy around Ethereum memes is happening as the price breaks through key levels and narratives regain traction in the market. In his observation, Cazz pointed out that some are already up 5-10x from local bottoms, showcasing just how quickly opportunities are unfolding in the Ethereum ecosystem. Such momentum suggests that the quiet accumulation phase may now be giving way to a more aggressive rally led by both fundamentals and capital rotation. Featured image from iStock, chart from Tradingview.com

Ethereum is trading confidently above the $3,100 level after breaking through this key resistance with strength, signaling a potential shift in market dynamics. While Bitcoin experiences a short-term pullback from its all-time highs, Ethereum’s upward move highlights growing momentum across the altcoin sector. Bulls are increasingly optimistic, viewing this divergence as a sign that capital may be rotating into ETH and other high-conviction altcoins. Related Reading: Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative Fueling this optimism is a combination of improving technicals and strengthening fundamentals. One of the most notable developments came today, as SharpLink Gaming—one of the first Nasdaq-listed companies to adopt an Ethereum-focused treasury strategy—purchased an additional $19,560,000 worth of ETH. The combination of strong price action, increasing corporate interest, and supportive on-chain metrics suggests that Ethereum could be leading the next leg of the altcoin rally, especially if Bitcoin continues to consolidate and investors shift focus to undervalued opportunities across the ecosystem. SharpLink Becomes Largest Corporate Holder Of Ethereum SharpLink Gaming has officially become the largest corporate holder of Ethereum, with a total of 280,706 ETH now held in its treasury, valued at approximately $840 million at current market prices. The company’s aggressive accumulation strategy signals a new phase in institutional Ethereum adoption, reinforcing the growing perception of ETH as a long-term strategic asset. Top analyst Ted Pillows confirmed SharpLink’s latest purchase using on-chain data, which shows that the ETH was acquired through a Coinbase Prime hot wallet—a platform commonly used by institutions for large-scale crypto transactions. According to a press release, SharpLink raised $413 million through the issuance of over 24 million new shares between July 7 and July 11, capital it promptly deployed into the crypto market. In total, the firm acquired 74,656 ETH over the past week at an average price of $2,852 per coin. This aggressive buying spree not only reflects SharpLink’s treasury strategy but also highlights a broader trend among institutional players of turning to ETH as a core asset. As traditional companies seek alternatives to cash and government bonds, Ethereum’s maturing ecosystem and growing staking participation make it an increasingly compelling option. SharpLink’s bold move may inspire other public firms to explore ETH as a reserve asset. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip ETH Weekly Chart Signals Trend Reversal Ethereum is showing strong bullish momentum on the weekly chart. The price is currently trading at $3,155.21, up over 6% for the week. The breakout above the key resistance zone at $2,850 is now confirmed. Marking a significant shift in market structure after months of consolidation and bearish pressure. This move pushes ETH to its highest weekly close since early 2024. Technically, Ethereum has reclaimed all major moving averages: the 50-week SMA ($2,645), 100-week SMA ($2,659), and 200-week SMA ($2,427). This alignment supports a longer-term bullish reversal and confirms that momentum has shifted in favor of buyers. The clean break above the previous resistance adds strength to the move. And sets the stage for a potential rally toward the $3,600–$3,800 range in the coming weeks. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The reclaim of $2,850—a zone that had acted as strong resistance for months—now flips into support. If Ethereum continues to hold this level on a weekly closing basis, it will likely attract more institutional attention. Featured image from Dall-E, chart from TradingView

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the massive inflows into Spot Ethereum ETFs and Bitcoin’s recent climb to new all-time highs.  Ethereum has gained over 17% in the past seven days alone, reaching a new local high of $3,065. Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs. Two analysts have now spotted classic bullish setups, both hinting at a significant rally on the horizon. Cup And Handle Pattern Points To $4,200 If Breakout Holds The first analyst, known as @CryptosBatman on the social media platform X, shared a daily candlestick chart of Ethereum, where a pure ‘cup and handle’ pattern is visible over the past four months. The pattern, which started in early March, shows a rounded bottom that dipped to as low as $1,400, followed by a minor consolidation that formed the handle portion. Now, recent price action has caused ETH to break out of the neckline around $2,850. A technical projection from this neckline points to a 45% move to a price target just below $4,200. Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? According to this analyst, Ethereum’s breakout from the cup and handle pattern has formed in the middle of powerful fundamentals. Ethereum is now beginning to outperform Bitcoin in terms of short-term returns, and exchange reserves have dropped to an eight-year low. These are both fundamental signals of strong holding behavior and reduced sell-side pressure. With these metrics aligning with the technical breakout, @CryptosBatman believes Ethereum could be next in line to break its all-time high, possibly before the end of Q3. Weekly Chart Echoes Previous 42% Rally Another crypto market technician, CryptoBullet, expressed a similar sentiment on the social media platform X. This analyst referenced Ethereum’s weekly candlestick chart to support his outlook. He pointed to the formation of last week’s massive green breakout candle that has pushed the price above a major supply-resistance zone around $2,850.  This move, as shown in the chart below, mirrors the same structure that caused a 42% rally between February and March 2024, when ETH moved from the $2,900 level up to nearly $4,100 within a matter of weeks.  Related Reading: Ethereum To Outperform Bitcoin: Buy Before Mid-August, Analyst Warns If that price action is replicated in this current setup, Ethereum could again be on track to test $4,200 in the next three to four weeks. This puts the timeline of a $4,200 price target sometime in August 2025. The projection is shown with the vertical price range box drawn in the chart above, which maps a 42% upside from the breakout zone. Interestingly, this projection relies on the $2,800 price level, which previously acted as resistance, now flipping to support and preventing any sustained retracements below the $2,900 to $2,850 range. At the time of writing, Ethereum is trading at $2,980, having reached an intraday high of $3,074. Featured image from iStock, chart from Tradingview.com

Ethereum is undergoing a critical test after breaking above the key $2,850 resistance level and reaching a local high of $3,080. Since then, ETH has retraced by less than 5%, holding steady and showing signs of strength amid broader market volatility. The ability to maintain levels above $2,850 is being closely watched by traders and analysts as a potential launchpad for the next leg higher. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth Market sentiment remains increasingly optimistic, fueled by strong fundamentals and signs of institutional accumulation. According to on-chain data, SharpLink Gaming—one of the first Nasdaq-listed companies to develop a treasury strategy centered on Ethereum—purchased another $73,210,000 worth of ETH yesterday. This marks another strong signal that smart money is confident in Ethereum’s long-term value. As the crypto market awaits key developments from US regulators during “Crypto Week,” Ethereum’s price action and on-chain indicators remain aligned with a bullish outlook. If ETH can hold current levels and build momentum, the path toward $3,500 becomes increasingly realistic. With rising institutional demand and strong network fundamentals—including record ETH staking—Ethereum appears well-positioned to lead the next phase of the altcoin market rally. SharpLink Becomes Largest Public ETH Holder With $611M in Ethereum SharpLink Gaming has officially become the largest publicly known holder of Ethereum, with total holdings now reaching 205,634 ETH, valued at approximately $611 million. This milestone positions the Nasdaq-listed company at the forefront of institutional Ethereum adoption, setting a new benchmark for corporate treasury strategies in the crypto space. Top analyst Ted Pillows confirmed the latest purchase through on-chain data, revealing that the transaction originated from a Coinbase Prime hot wallet, commonly used by institutions for large-scale acquisitions. This move signals increasing confidence in Ethereum’s long-term value, particularly as companies begin diversifying beyond Bitcoin to gain exposure to smart contract infrastructure. Ethereum’s technical setup remains strong, with price holding well above the $2,850 support zone following its recent move to $3,080. At the same time, fundamentals continue to improve. The ETH supply staked has reached new all-time highs, indicating that more long-term holders are locking up their assets rather than selling into strength. Combined with increased institutional interest, this reflects growing conviction in Ethereum’s role as a foundational layer for Web3. The coming weeks promise to be pivotal. With market sentiment turning bullish and Ethereum gaining traction in corporate circles, the stage is set for a sustained upward move, especially if broader macro and regulatory conditions remain favorable. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? ETH Holds Above Key Breakout Zone Ethereum’s 3-day chart shows a bullish continuation pattern, with price currently holding at $2,978 after recently breaking through a critical resistance zone at $2,850. The breakout marked a shift in momentum following a prolonged consolidation phase and pushed ETH to a local high of $3,041.41. Although a slight retracement followed, the current structure remains strong as bulls successfully defend the $2,850–$2,900 area. This level is particularly important as it aligns with multiple technical indicators. The 200-day simple moving average (SMA) sits at $2,805.46, now acting as dynamic support. ETH also remains well above the 50-day and 100-day SMAs, currently at $2,244.80 and $2,661.68, confirming that the broader trend has turned bullish. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm Volume remains elevated, suggesting continued buying interest on dips. If ETH holds above $2,850 in the coming sessions, the next logical target is the $3,300–$3,500 zone, where previous highs and psychological resistance converge. Featured image from Dall-E, chart from TradingView

Ethereum has broken through the key resistance level that had capped its upside for weeks. After a period of consolidation, ETH gained momentum with higher targets on the table and bullish sentiment starting to build. This breakout may mark the beginning of the next bullish momentum, as technical signals point toward further upside. Bullish Structure Builds Above Key Support Levels An analyst known as LSplayQ reported on X that the Ethereum price has recently completed a rounded bottom formation on the 1-day chart, signaling a long-term trend reversal, and shifting the market sentiment from bearish to bullish. Related Reading: Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout Following this information, the ETH price has entered a consolidation phase, forming a tight range just below the $2,880 resistance level. This phase of sideways movement suggests a pause as the market digests recent gains. Ethereum has successfully broken above the $2,880 resistance, while confirming a bullish breakout. This breakout marks the beginning of a fresh upward trend and reinforces the bullish reversal signaled by the rounded bottom. With the breakout confirmed, ETH price is poised to rally toward the 0.618 Fibonacci extension level at $3,588. This target represents an approximate 17% upside from the current price and is often considered a key resistance area where profit-taking or further acceleration could occur. However, if ETH encounters bearish pressure, the price could retrace to the 0.236 Fibonacci level at $2,613. The 0 Fibonacci level at $2,883 will then act as immediate short-term support, while holding above this level will be critical to maintaining the bullish momentum and avoiding a deeper pullback. Crypto analyst TheVALTOR has also revealed that Ethereum has broken the $2,850. This breakout has validated the blue alternative scenario, which had projected a more aggressive bullish path based on the wave count dynamics. Furthermore, the chart shows the completion of an extended red micro wave 3, which is typically the dynamic and impulsive wave within the five-wave sequence. The ETH price is currently in a correction phase and forming wave 4, which TheVALTOR expected to unfold as a sideways consolidation rather than a sharp pullback. Consolidation Zone Tightens Below $3,000 The Ethereum 1-hour chart shows an uptrend in recent hours with a minor pullback. According to Gemxbt on X, this retracement has helped establish strong intraday support around $2,950, the level that buyers are defending with conviction. Related Reading: Ethereum Price Fails to Hold Momentum Above $3K — Correction Ahead? The Relative Strength Index (RSI) sits in neutral territory, signaling balanced momentum that ETH is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) has flashed a bearish crossover, which may indicate short-term weakness or a period of consolidation before the next decisive move. The key resistance sits at $3,000, which could be a critical level for bullish continuation. This level represents a key psychological threshold that also aligns with previous local highs. Featured image from iStock images, chart from tradingview.com

As the Ethereum price has broken out above $3,000, the shorts have piled on with expectations that this rally will end up like the others before it: in a crash. Not only have the shorts been dominating the market recently, but the exponential growth has seen the short positions rise to levels never before seen in the history of the digital asset. While this might look bearish at a glance as it means traders expect the price to decline, it could actually end up being ultra-bullish for the altcoin. Ethereum Leverage Positions Reach Record Short Levels In a post on X, market expert Zerohedge revealed an interesting development for Ethereum, and that is the fact that Ethereum shorts have now reached new records. The chart showed the Ether leveraged net totals, and it came out to a -13291, beating the previous high that was set back in May at -12000. Related Reading: Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top This rise in Ethereum shorts proves that there is still a lot of disbelief in the current market rally, and many traders expect the Ethereum price to fall again. However, looking at the historical performance when it comes to shorts reaching record levels, it shows a trend that this could mean the rally could be sustained. For example, back in May 2025, when it set its previous peak of -12000, the Ethereum price had rallied from below $1,800 to above $2,600 before the month was over. This trend is also playing out now as the Ethereum price has crossed $3,000, as the Ether shorts have reached a new peak. How To Stay Positioned For ETH Given that the Ethereum price seems to be headed into what might be a parabolic rally after clearing $3,000, crypto analyst Luca on X has outlined how they intend to position for the surge. Luca explains that with the new week, the Ethereum price is at a key point. This is because it is approaching the 0.618 Fibonacci Retracement level, and this level is important because it has been a point of consolidation for the altcoin in the past. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst As such, the analyst explains that he intends to keep holding his positions on Ethereum. So far, Luca revealed that he has only de-risked Bitcoin positions as the pioneer cryptocurrency has hit all-time highs, but as the end of the cycle draws closer, the focus remains on altcoins. He maintains that the Ethereum price, alongside altcoins, will end up outperforming Bitcoin once the dominance drops. When this dominance drop happens, the analyst says that is when to begin de-risking altcoin positions. For now, though, the analyst expects Ethereum and altcoins to keep trailing Bitcoin as the dominance still remains high above 64% and BTC is yet to enter its distribution phase. Featured image from Dall.E, chart from TradingView.com

Ethereum has broken out above the $3,000 level, reaching its highest price since late January and signaling a strong resurgence in momentum. The move comes as Bitcoin continues to set new all-time highs, injecting renewed optimism into the broader crypto market. This week could prove pivotal, with the arrival of “Crypto Week” in the US Congress, when lawmakers will debate and potentially vote on critical legislation shaping the future of digital assets. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm Amid this renewed bullish backdrop, on-chain fundamentals are strengthening. Top analyst Ted Pillows shared data showing that the supply of ETH staked has just reached a new all-time high. This milestone reflects growing confidence in Ethereum’s long-term prospects, with more investors locking up their assets to secure the network and earn yield, rather than sell into strength. The surge in price and staking activity suggests a shift in sentiment as Ethereum regains its position as a core asset in institutional and retail portfolios. With macro and regulatory catalysts converging this week, ETH could be on the verge of a major breakout, especially if legislative clarity and Bitcoin’s momentum continue to drive capital into high-conviction assets like Ethereum. Ethereum Leads Altcoin Revival: Strong Fundamentals And Technical Momentum Ethereum is showing renewed bullish strength, acting as a key driver in the broader altcoin market recovery. After a prolonged consolidation phase that lasted several months, ETH has finally broken above the critical $3,000 mark, setting a new bullish structure and signaling the start of a potential macro uptrend. The recent price action has energized sentiment across the market, with many altcoins beginning to follow Ethereum’s lead. Fundamentally, Ethereum remains one of the strongest assets in the space. According to on-chain data by Ted Pillows, the percentage of ETH supply staked has reached a new all-time high of 29.44%. This metric is critical, as it reflects growing long-term conviction from large holders and smart money. When ETH is staked, it is locked up and cannot be sold, suggesting that investors expect higher prices and are committed to holding through volatility. All eyes are now on the key resistance zone between $3,500 and $3,600. If Ethereum manages to push through this area with conviction, it could trigger a broader breakout across the altcoin market. Many traders are closely watching this level as a catalyst for an explosive altcoin rally, fueled by increased capital rotation and technical momentum. A decisive break above resistance could validate the new bullish structure and mark the beginning of the next major expansion phase for ETH and the altcoin market at large. Related Reading: Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway Ethereum Reclaims $3,000 With Bullish Breakout Above Key Resistance Ethereum (ETH) is showing strong bullish momentum on the 3-day chart, now trading at $3,071 after decisively breaking above the $2,850 resistance level. This breakout confirms a shift in trend structure following months of accumulation between $2,200 and $2,800. The recent surge has pushed ETH to its highest level since late January and sets the stage for a potential push toward the next major resistance at $3,500–$3,600. The chart also reveals a bullish crossover as ETH trades above its 50-day, 100-day, and 200-day simple moving averages (SMAs), now at $2,241, $2,658, and $2,801, respectively. This alignment indicates increasing buyer control and reinforces the strength of the uptrend. Notably, the breakout was supported by a spike in volume, adding further conviction to the move. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground With this momentum, ETH has formed a higher high on the macro timeframe, signaling the potential start of a broader trend reversal. If Ethereum can hold above $2,850 and maintain upward pressure, the next leg higher could be swift, especially as Bitcoin reaches new all-time highs and crypto legislation developments unfold during “Crypto Week” in the US Congress. Featured image from Dall-E, chart from TradingView

Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways trading, this breakout marks a potential turning point, as many altcoins followed ETH’s lead with sharp upward moves. Analysts are calling this shift the early stages of a new altseason — a period where alternative cryptocurrencies outperform Bitcoin and deliver significant gains. Related Reading: Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details Among those spotlighting Ethereum’s strength is Ryan Sean Adams, founder of Mythos Capital, who took to X to highlight the strategic evolution of Ethereum’s positioning. “The ETH community has executed blue money gospel marvelously over the past 2 months,” he wrote, referring to his earlier thesis of Ethereum as a global, productive asset. This renewed narrative, focused on Ethereum as a yield-generating, store-of-value asset backed by an active economy, appears to be resonating with institutional and retail investors alike. With Ethereum leading the market and altcoins gaining momentum, all eyes are now on whether this rally can sustain and confirm the start of a broader bullish phase for the crypto market. Ethereum Undervaluation Sparks New Narrative Since 2022, Ethereum has been underperforming against Bitcoin, with altcoins suffering as a result. While Bitcoin continues to dominate the crypto narrative — recently breaking into new all-time highs — Ethereum still trades more than 60% below its November 2021 peak. This stark divergence has frustrated many ETH holders, but some analysts and investors now view it as a massive opportunity. Adams has become a prominent voice in Ethereum’s ecosystem, and believes a major shift is already underway. According to Adams, the Ethereum community has successfully rebranded ETH as a “blue money” asset — a concept that positions Ethereum alongside traditional stores of value like gold, oil, and Bitcoin. But unlike those, ETH is backed by an on-chain economy that generates yield. “We are emphasizing ETH, the asset now,” Adams wrote on X. “It’s made a huge difference. Keep going. ETH = world reserve asset.” His bold, almost maximalist stance is a call for the market to reassess Ethereum’s fundamental value. Rather than seeing it solely as infrastructure for decentralized apps, Adams argues that Ethereum is maturing into a globally viable reserve asset — one that offers both security and yield. If that narrative continues gaining traction, ETH could be poised for a major revaluation in the months ahead. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming ETH Reclaims Key Level As Bulls Regain Control Ethereum (ETH) is showing renewed strength, surging nearly 15% on the week to trade around $2,955. This marks a successful breakout above the key resistance zone at $2,850, a level that previously acted as both support and resistance throughout the past two years. The weekly candle shows strong bullish momentum, supported by a significant increase in trading volume. The chart reveals that ETH has now reclaimed the 100-week and 200-week moving averages, which sit at $2,644 and $2,428, respectively. Reclaiming these long-term averages is a strong technical signal that the downtrend may be over, and a new bullish phase could be starting. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? Despite the breakout, Ethereum is still trading far below its all-time high near $4,900. This presents upside potential if the bullish momentum continues. With this breakout, ETH also confirms a higher low structure, reinforcing the bullish case for further gains. If price holds above $2,850 in the coming days, the next resistance zone sits around $3,300–$3,600. A close above those levels could open the door to a rally toward $4,000 and beyond. Featured image from Dall-E, chart from TradingView

The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise.  Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor Profit stated that after 9 weeks of constant rejection at the EMA50 on the weekly chart, the Ethereum price has finally broken through. He claimed that it was a very good sign, as it suggests that ETH will reach higher targets in the coming weeks. The break above the 2,600 EMA50 level came as the broader crypto market rallied.  Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? This rally has been led by the Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the Ethereum price is expected to also reach new highs, with the yearly high of $3,600 already in sight. A reclaim of this level could also pave the way for ETH to reclaim the psychological $4,000 level.  Meanwhile, crypto analyst Rekt Capital alluded to the rising dominance of the Ethereum price. He noted that this ETH dominance fractal will not be a copy-paste version of what happened between 2019 and 2020. However, the analyst claimed that the recent rise to 10% of the dominance level shows that Ethereum wants to become more market-dominant in the coming months.  BitMEX co-founder Arthur Hayes also believes that it is time for the Ethereum price to make its move. In an X post, he predicted that the altcoin could reach as high as $10,000 on this upward trend. He made this prediction while highlighting ETH’s chart against its BTC pair, suggesting that he also agrees that Ethereum’s dominance will rise in the coming months.  ETH’s Move To Trigger Altcoin Season In an X post, crypto analyst Mikybull Crypto stated that the Ethereum price is following the Wyckoff re-accumulation schematic. He further remarked that this massive move will trigger altcoin season after ETH reaches the “SOS” level around $3,000. His accompanying chart also showed that he expects Ethereum to reach as high as $3,200 in the short term.  Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’ In another X post, Mikybull Crypto alluded to the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The analyst remarked that this development means something, hinting at a potential altcoin season on the horizon. This is bullish for the Ethereum price and other altcoins as they would outperform BTC during this period. It is worth mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 in this market cycle. At the time of writing, the Ethereum price is trading at around $2,988, up over 7% according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Ethereum just broke above the critical $3,000 level, marking a major technical milestone after surging over 20% since Tuesday. This decisive breakout signals renewed strength in the second-largest cryptocurrency, with bulls reclaiming control after weeks of tight consolidation. The move is reigniting interest across the broader altcoin market, which had remained relatively muted during Bitcoin’s recent rally to all-time highs. Now, with ETH leading the charge, many altcoins are showing signs of reversal and upward momentum. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? According to top analyst Ted Pillows, a key factor behind Ethereum’s rally is the large concentration of liquidity resting just above the $3,000 mark. Once Ethereum cleared the $2,850 resistance, momentum rapidly accelerated, driving price through the $3,000 level and into a new range of opportunity. This rally comes amid a broader shift in market sentiment. As Bitcoin sets record highs, Ethereum and other altcoins appear poised to catch up. The big question now: can ETH maintain this level and lead a full altcoin season, or is this just a temporary breakout before another round of consolidation? Ethereum Breaks Out Of Consolidation Range Ethereum has spent the last several weeks consolidating within a clearly defined range that began in early May. The altcoin hovered between support around $2,800 and resistance just below $3,000, with multiple failed attempts to break above. That changed yesterday. ETH finally closed above this key resistance, signaling a potential breakout and confirming the start of a new bullish phase. This move comes as broader macroeconomic conditions improve. Strong labor market data in the US, alongside signs of de-escalation in several global conflicts, have helped reduce uncertainty and reignite risk appetite across financial markets. With Bitcoin reaching new highs and risk-on sentiment returning, Ethereum’s breakout may signal the next wave of upside for altcoins. Top analyst Ted Pillows highlighted a key technical factor: “ETH liquidity is lying above $3,000 — and liquidity is a magnet.” This means that large clusters of buy and stop orders are concentrated above this level, attracting price movement toward those zones. Now that Ethereum has broken past resistance, the presence of high liquidity could accelerate its move upward as traders chase momentum. The breakout also holds symbolic weight. It shows that investors are regaining confidence in Ethereum’s value proposition, particularly with the broader altcoin market showing signs of life. If ETH can hold this breakout and establish $3,000 as new support, the next leg higher could materialize quickly, opening the door to targets in the $3,400–$3,600 range. Related Reading: Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason ETH Breaks Major Resistance Ethereum (ETH) has decisively broken above the psychological and technical resistance at $3,000, closing its most recent candle at $3,008.97. This breakout follows a strong 15% daily surge, as seen in the chart, marking a powerful move backed by growing bullish momentum. Volume has expanded significantly, confirming trader conviction and institutional participation in this move. The breakout puts an end to nearly two months of sideways action, with ETH previously locked between the $2,500–$2,850 range. The 200-day simple moving average (SMA), currently near $2,796, was breached with strength, acting as a springboard for price acceleration. The reclaim of this moving average adds technical validation to the breakout and signals the beginning of a new bullish leg. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves ETH is now in a key zone for potential continuation. As long as bulls defend the $2,850–$2,900 level as support, Ethereum has room to rally toward $3,400 and beyond. With Bitcoin trading at all-time highs and macro conditions turning favorable for risk assets, ETH could lead the next wave of altcoin expansion. Featured image from Dall-E, chart from TradingView

Ethereum surged over 5% yesterday, pushing past the key $2,700 level and signaling renewed strength across the altcoin market. After weeks of sideways action and uncertainty, this move marks a small but significant breakout, reigniting bullish sentiment among investors and traders. The breakout comes as Bitcoin continues to consolidate below its all-time highs, allowing ETH and other altcoins to take the lead. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape Market participants are closely watching Ethereum’s price action, as its movements often set the tone for the broader altcoin space. Top analyst Ted Pillows shared a technical view highlighting that ETH is once again trading at the top of its recent range. A breakout above this level could confirm the beginning of a larger expansion phase for altcoins. With bullish momentum building and Ethereum holding strong above reclaimed support levels, traders are becoming increasingly confident that the altcoin market may be on the verge of a broader breakout. However, key resistance still lies ahead, and the next few days will be crucial in determining whether Ethereum has the strength to continue higher and lead a new leg up in the crypto cycle. Ethereum Trades at Range Highs: Breakout Looms Ethereum has spent the past several weeks consolidating in a well-defined range between approximately $2,400 and $2,800, a structure that began forming in early May. Despite short-term volatility, ETH has held key support levels, suggesting that bulls remain in control. Now, with price action pushing toward the upper boundary of the range once again, the market is watching closely to see whether Ethereum can break through resistance and initiate a sustained rally. The broader macroeconomic backdrop has shifted in favor of risk assets. In the US, strong labor market data and wage growth have helped ease concerns of an economic slowdown. Meanwhile, the resolution of several global geopolitical tensions has reduced uncertainty, allowing markets to stabilize. This supportive environment could give Ethereum the fuel it needs to attempt a breakout. Ted Pillows recently highlighted that Ethereum is now trading at the range highs again — a level that has repeatedly capped price advances in recent months. According to Pillow, a confirmed breakout above the $2,800 resistance would likely trigger renewed momentum for ETH and potentially spark a broader move across the altcoin market. Related Reading: Ethereum Price Action Signals Momentum Shift: BTC Sleeps And ETH Moves $2,800 Resistance Now In Sight Ethereum is showing renewed strength as it breaks out of a multi-week consolidation range, with the latest 12-hour candle closing above $2,760. The price action has decisively reclaimed the $2,700 level and is now testing the critical $2,800 resistance zone. This breakout is supported by a clear surge in volume, confirming bullish momentum. The 50, 100, and 200-period moving averages are all trending upwards and currently sit well below the current price, a strong technical sign of sustained momentum. ETH has moved above all three key SMAs, confirming that bulls are in control in the short to medium term. Notably, this is the highest ETH has traded since early June, and the candle structure resembles a classic continuation breakout setup. Related Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise A successful daily close above $2,800 would open the door for an expansion toward the $3,000 level and potentially higher if momentum holds. However, the key now lies in whether buyers can sustain this move without immediate rejection at resistance. If ETH can hold above $2,700 and build support, the breakout could serve as a launchpad for altcoins, especially as Ethereum often leads broader market moves. Featured image from Dall-E, chart from TradingView

Ethereum has finally pushed above the critical $2,600 level after weeks of range-bound trading, marking a potential turning point in its price structure. This breakout comes as bullish momentum builds, with Ethereum now preparing for a possible expansion toward the $2,800 resistance level—a zone that has repeatedly rejected upward attempts since early May. The coming days will be decisive in shaping Ethereum’s short-term trajectory, especially if bulls manage to drive the price beyond this key barrier. Related Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise A breakout above $2,800 would not only signal renewed strength in Ethereum but could also catalyze a broader altcoin rally. Market sentiment is gradually shifting, with traders growing more optimistic amid easing macroeconomic pressures and signs of renewed risk appetite. Top analyst Ted Pillows recently shared an Ethereum chart showing a clear upward breakout from compression. This technical pattern typically precedes strong directional moves, and in this case, it favors the bulls. Pillows suggests that Ethereum is taking the lead while Bitcoin remains in consolidation, indicating that ETH may be setting the pace for the next phase of the crypto cycle. All eyes are now on the $2,800 level, which could unlock significant upside if breached. Ethereum Leads the Charge: Major Move Ahead Since early May, Ethereum has traded within a tight consolidation range between $2,400 and $2,700, unable to break out despite several attempts. This extended period of sideways action has built up pressure, and market participants widely expect the next move to be significant. Bulls have shown resilience, defending demand levels and keeping ETH above the $2,500 mark for several weeks. However, a clear breakout above critical resistance is still needed to confirm a broader bullish trend. Altcoins continue to struggle, with most still trading below key resistance levels. Many analysts agree that a sustained Ethereum breakout is the missing trigger for the long-awaited altseason. Market leadership from ETH has historically marked the start of major altcoin rallies, and the current setup could be no different. Top analyst Ted Pillows shared a 4-hour chart highlighting an upward breakout from a compression pattern just above $2,600. According to Pillow’s analysis, Ethereum is leading the market while Bitcoin remains in a holding pattern below all-time highs. This leadership role for ETH could signal a shift in capital toward altcoins, especially if Ethereum follows through and breaks the $2,800 resistance level. Related Reading: Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout ETH Price Analysis: Upward Momentum Builds Above $2,600 Ethereum (ETH) is showing renewed strength after breaking above the key $2,600 level. The 12-hour chart reveals a bullish structure forming, with ETH currently trading at $2,612.61. This move follows a sustained period of consolidation between $2,400 and $2,600, where buyers consistently defended lower levels. Now, Ethereum is printing higher lows and gradually reclaiming its moving averages. Price is now trading above the 50-period and 100-period simple moving averages (SMAs), currently positioned at $2,483.37 and $2,536.77, respectively. This alignment is bullish and suggests ETH is building momentum for a potential retest of the $2,700–$2,800 resistance zone. A successful break above this area would confirm the breakout from compression and open the door for a more significant rally. Related Reading: Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350 Volume remains moderate, but recent green candles show growing buyer interest as ETH pushes upward. The 200-period SMA sits lower at $2,221.56, reflecting Ethereum’s longer-term bullish trend and acting as a strong base of support. Featured image from Dall-E, chart from TradingView

With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin. Featured image from Dall.E, chart from TradingView.com

Ethereum is consolidating above the $2,500 mark, showing resilience amid broader market uncertainty. While bulls have successfully flipped $2,500 from resistance into support, the price still faces significant pressure below the $2,700 zone. This range-bound behavior has persisted since early May, and the coming days are likely to define the next major move, not only for ETH but also for the broader altcoin market. Related Reading: Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350 Top analyst Ted Pillows shared technical insights, highlighting Ethereum’s current structure, particularly after the $2,500 level was reclaimed. However, the next challenge lies in reclaiming the range high. A breakout above this key resistance could trigger a strong bullish continuation and potentially ignite an altseason, as capital often rotates into altcoins once ETH gains momentum. On the flip side, failure to sustain current support may open the door for a pullback toward lower demand levels. For now, bulls appear to be in control, but the market remains on edge, awaiting a decisive move. Whether ETH can build enough strength to break through resistance or slips into another leg of consolidation will likely shape sentiment and positioning for the weeks ahead. Ethereum Builds Strength As It Eyes Range High Ethereum continues to trade within a well-defined consolidation zone, oscillating between $2,400 and $2,700 since early May. After reclaiming the $2,500 level and flipping it into support, ETH now looks poised for a potential breakout. Ted Pillows highlighted this shift in momentum, stating that Ethereum is “looking good” and could soon revisit the upper boundary of the range. However, despite Ethereum’s strength, broader market conditions remain mixed. Bitcoin’s failure to break above its all-time high adds pressure to the crypto market, and altcoins continue to struggle to find solid footing. While macroeconomic uncertainty has eased following encouraging job reports and legislative developments in the US, headwinds persist. Rising US Treasury yields and the Federal Reserve’s ongoing delay in cutting interest rates contribute to a cautious environment. Still, Ethereum’s ability to hold above $2,500 suggests bullish intent. If price pushes toward and ultimately breaks above $2,700, it could trigger a broader move across altcoins, reawakening market momentum. But without a breakout in the short term, another leg of consolidation—or even a pullback—remains possible. This week may prove pivotal in setting the tone for Ethereum and the altcoin market’s next phase. Related Reading: Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical ETH Tests Resistance As Consolidation Tightens Ethereum is trading at $2,550, holding above its key moving averages and continuing to consolidate in a tight range. The daily chart shows that ETH is attempting to break above the 200-day moving average (red), currently sitting near $2,488, while managing to stay above both the 50-day (blue) and 100-day (green) moving averages. This convergence of key technical levels highlights the current equilibrium between bulls and bears. Despite multiple attempts since early May, Ethereum has not been able to sustain a breakout above the $2,700 mark. Each push higher has faced selling pressure, suggesting that this zone remains a major area of resistance. However, recent price action shows higher lows and strong defense of the $2,500 level, signaling building momentum. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Trading volume remains relatively flat, which aligns with the ongoing consolidation, but could also foreshadow a volatility spike once direction is confirmed. A successful daily close above the $2,600–$2,700 zone could trigger an impulsive move toward $3,000 and beyond. Conversely, a breakdown below the $2,480 level would invalidate the bullish structure and shift sentiment. Featured image from Dall-E, chart from TradingView

Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks of sideways action. After trading within a tight range since early May, ETH is now testing the upper boundary of its consolidation zone, a move that could mark the start of a new bullish phase for the world’s second-largest cryptocurrency. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Market participants are closely watching this level, as a successful breakout above $2,600 would likely attract momentum buyers and confirm renewed strength across the altcoin sector. However, the breakout is far from guaranteed. If bulls fail to sustain this move, Ethereum could face renewed selling pressure, with price potentially revisiting lower support zones. According to Coinglass data, liquidity clusters are clearly defined at $2,800 and $2,350. These levels will likely act as magnets in the coming days, depending on how Ethereum responds to current resistance. A clean break toward $2,800 would confirm bullish intent and broader altcoin surges, while a rejection could reinforce bearish sentiment. Ethereum’s Next Move Could Ignite Altseason Altcoins remain nearly 50% below their all-time highs, but bullish momentum is quietly building. Ethereum, the leader of the altcoin market, has been consolidating in a well-defined range between $2,400 and $2,700 since early May. This prolonged sideways action has kept much of the altcoin sector in a state of indecision. Now, traders and analysts agree: Ethereum must break out to lead the next major move. Market analyst Ted Pillows identifies two key liquidity levels for ETH: $2,800 on the upside and $2,350 on the downside. These zones represent the most likely destinations for price in the short term, depending on which side of the range breaks first. If Ethereum pushes above $2,800 with strength, it would likely trigger renewed risk appetite and a broad-based altcoin rally. On the other hand, a breakdown below $2,350 could lead to deeper corrections across the board. So far, bulls have defended the $2,500 level well, and growing open interest suggests that investors are positioning for an expansion. A decisive breakout in either direction will resolve weeks of consolidation and determine the short-term trend. Until then, Ethereum remains the gatekeeper of altcoin momentum—its next move could define the path for the entire market. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason ETH Tests Resistance Amid Range-Bound Structure Ethereum is currently trading at $2,563, hovering just below the $2,600 mark, a level that has acted as short-term resistance throughout June and early July. As shown in the 12-hour chart, ETH has been trapped in a horizontal consolidation structure between $2,400 and $2,700, with multiple failed attempts to break either side convincingly. The price remains above the 50, 100, and 200 simple moving averages (SMAs), which is a positive signal for bulls. The 100 SMA at $2,532 and the 200 SMA at $2,206 have offered strong dynamic support during recent pullbacks, reinforcing the current uptrend structure. Volume remains moderate, suggesting that market participants are waiting for a clear breakout before entering with conviction. A decisive close above $2,600 would open the door for a move toward $2,800, where large liquidity clusters have been identified by Coinglass. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook However, failure to maintain this short-term momentum could push ETH back toward the $2,400 support zone. Bulls have defended this level several times, and a break below it would likely invalidate the bullish setup and increase the risk of a deeper correction. Featured image from Dall-E, chart from TradingView

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a more favorable news environment. Although brief spikes in volatility may arise from macroeconomic events, Bankr believes the broader trend remains intact, as long as $2,510 holds. Ethereum Three-Day Price Trend Action Analyzing price action over the last 72 hours, Bankr noted a gently rising three-day trend. ETH started near $2,535, spiked to $2,598, and is now holding around $2,571 — a gain of roughly +1.5% for the period. The strongest push came Sunday night when ETH jumped $50 in one hour on the heaviest volume of the week. Related Reading: Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension  Since then, the price has been consolidating in a tight $2,565–$2,585 range. On the candle side, higher lows are visible at $2,506, $2,512, $2,540, and $2,560, which shows buyers are stepping in a little earlier on each dip. Examining simple indicators, Bankr noted that the 20-hour moving average is approximately $2,565, with the price sitting just above it — a mildly positive sign. The 50-hour moving average is around $2,538 and still shows a sloping upward trend bias, while candles stay above $2,540. For momentum, a quick RSI-style check shows ETH touched overbought during the $2,598 spike, then cooled to neutral (50–55), which leaves room for another leg higher. As for key levels, Bankr outlined support at $2,550 (recent pivot), $2,510 (volume shelf), and $2,480 (weekly floor). On the resistance side, levels to watch include $2,590–$2,600 (last high) and $2,625 (March swing high). News Impact And Game Plan While Ethereum surges, a stronger-than-expected US jobs report typically acts as a headwind, since it implies the Fed will likely stay on hold. However, Bankr noted that crypto appears to be shrugging it off, thanks to a solid risk appetite that’s keeping momentum intact despite the macro pressure. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key On the political front, Bankr highlighted that next week’s US “Crypto Week” in Congress, combined with the administration’s pro-crypto stance, is lifting sentiment. Traders are now positioning ahead of potential developments, including clearer regulatory direction and ETH-related ETF chatter, both of which are helping boost confidence. In terms of sector dynamics, Bankr pointed to ongoing institutional accumulation from players like Metaplanet. Additionally, Bankr mentioned the recent USDC burn, which reflects responsible supply management and supports a more constructive backdrop for Ethereum. Outlining a flexible approach, Bankr points to the accumulation of dips, placing laddered limit buys at $2,555, $2,535, and $2,505 in case of a sharp shakeout. For a breakout trade, if ETH closes an hourly candle above $2,600, look to enter or add with a short-term target at $2,625–$2,650, and place a stop just under $2,580. As a protective exit, if ETH drifts below $2,510 on rising volume, momentum likely shifts, cutting exposure or using a stop around $2,495 can help limit drawdowns. For profit-taking, Bankr suggests trimming partial positions at $2,590 and again near $2,625, while leaving a runner in case a summer rally extends toward $2,700. Featured image from iStock, chart from Tradingview.com

Ethereum is trading above the $2,500 level, showing notable strength despite recent volatility across the broader crypto market. Since early May, ETH has been trapped in a consolidation range between $2,400 and $2,700, struggling to establish a clear trend as both bulls and bears wait for confirmation. However, recent price action suggests growing momentum, with bulls maintaining control above key support zones. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Top analyst Carl Runefelt shared a technical analysis pointing to a decisive moment ahead for Ethereum. According to Runefelt, a breakout above the $2,700 resistance level is essential to ignite an impulsive move toward higher levels. Without that breakout, ETH risks remaining range-bound or revisiting lower demand zones. The current market structure, combined with positive sentiment surrounding altcoins and growing institutional interest in Ethereum, contributes to the optimism. Still, the coming days will be critical. A sustained move above $2,700 could open the door for a rally toward $3,000 and beyond, while failure to break out may delay Ethereum’s next major leg up. As Bitcoin trades just below its all-time highs, Ethereum’s next move could also determine the short-term trajectory for the altcoin market at large. Ethereum Leads Altcoin Recovery Altcoins have been stuck in a prolonged bear market since 2022, with many tokens still trading well below their all-time highs. Amid this challenging backdrop, Ethereum has emerged as the leader of a potential recovery. Since its April lows, ETH has more than doubled in price, surging over 100% and reclaiming key support levels above $2,500. This sharp rebound suggests that a new bullish phase for Ethereum—and potentially the broader altcoin market—could be in the early stages. However, the optimism is tempered by growing macroeconomic risks. Recent U.S. data has raised concerns about systemic fragility, with rising Treasury yields and persistent inflation fueling uncertainty across risk assets. Investors remain cautious as higher yields could limit liquidity flows into crypto, particularly into speculative altcoins. According to Carl Runefelt, Ethereum’s price structure is approaching a critical point. He highlights that ETH is currently trading within a rising wedge pattern—a bearish formation that often precedes a sharp pullback. Runefelt warns that if Ethereum fails to break decisively above the $2,700 resistance level soon, the price may reject and fall toward lower support, potentially leading to a drastic correction. For now, Ethereum remains range-bound between $2,400 and $2,700. A confirmed breakout above the upper boundary could fuel continued bullish momentum and trigger a broader altcoin rally. But failure to hold current levels, especially with bearish macro pressure building, could signal that the recent gains were a temporary relief rally. Ethereum’s next move will likely define the near-term direction for the entire altcoin sector. Related Reading: Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight ETH Faces Key Resistance Amid Rising Momentum Ethereum is showing strength as it trades at $2,574.70, gaining over 2.2% in the last session. As shown in the 3-day chart, ETH has remained range-bound since early May, fluctuating between the $2,400 support and the $2,700 resistance. The latest move above the 50-day and 100-day simple moving averages (SMAs), currently at $2,226 and $2,644, respectively, signals growing bullish momentum. However, Ethereum still faces a significant challenge near the 200-day SMA, currently sitting at $2,791, right below the critical $2,800 liquidity level. The price has tested this resistance zone multiple times without success, suggesting that a strong breakout above $2,700–$2,800 is needed to initiate an impulsive move higher. Volume remains stable, and ETH’s ability to hold recent gains hints at continued accumulation, but a lack of decisive follow-through could signal buyer exhaustion. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook If bulls manage to reclaim $2,800, it would open the door toward $3,000 and confirm a breakout from the multi-month range. On the downside, a failure to hold $2,500 could trigger a drop back toward $2,400 or even $2,200 if broader market conditions deteriorate. For now, ETH remains in a pivotal zone, and its next major move will likely determine broader altcoin momentum. Featured image from Dall-E, chart from TradingView

Ethereum is trading just above the $2,500 mark following days of volatility, choppy price action, and uncertainty across crypto markets. Despite the hesitation, bulls have held critical support, and the coming days are shaping up to be a defining moment for Ethereum and the broader altcoin space. Momentum is slowly shifting as investors look for confirmation that ETH will lead the next wave of upside action. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook Top analyst Ted Pillows has shared a bullish technical outlook, suggesting that a Wyckoff accumulation pattern is currently unfolding. According to Pillows, this structure resembles the early stages of major breakouts seen in past cycles and signals strong smart money positioning. He argues that Ethereum already played a key role in Bitcoin’s latest rally to new all-time highs, and now it’s Ethereum’s turn to shine. A sustained breakout above the $2,600–$2,700 range could trigger the next phase of the cycle, with $3,000 in sight as the initial target. With market sentiment recovering and BTC consolidating near highs, traders and investors are closely watching Ethereum’s next move to gauge whether an altseason is around the corner. The setup is in place — but ETH must deliver. Ethereum Builds Strength Ethereum is up 82% from its April lows, demonstrating strong bullish control as the price holds firmly above key demand zones. Despite recent volatility, ETH continues to trade within a well-defined range between $2,400 and $2,700, a structure that has persisted since early May. This tight consolidation suggests the market is preparing for a decisive breakout, one that could define Ethereum’s trajectory for the remainder of the year. Ted Pillows reveals that Ethereum is now undergoing a classic Wyckoff accumulation pattern. According to his analysis, this phase marks the transfer of ETH from weak hands to strong hands, and it mirrors past cycle setups that led to explosive rallies. Pillows argues that Ethereum helped push Bitcoin to new all-time highs, and now it’s Ethereum’s turn to take the spotlight. If this pattern plays out, Pillows sees a clear path: first a breakout to $3,000, followed by a healthy correction, and then a push to $4,000 sometime in Q3. Beyond that, the real parabolic move may begin, driven by renewed confidence, broader altcoin participation, and sustained demand for ETH as a core asset in the crypto ecosystem. Related Reading: Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level ETH Holds Above Key Support Amid Tight Range Ethereum (ETH) is trading at $2,520, maintaining its position above critical support levels despite recent volatility. As shown in the 12-hour chart, ETH has acknowledged the $2,480–$2,500 zone multiple times since late May, signaling strong buyer interest at these levels. The price remains trapped within a tight consolidation range between $2,400 and $2,700, with no clear breakout yet in either direction. ETH is currently trading near its 50- and 100-period SMAs, which are converging around the current price, indicating equilibrium and a potential inflection point. The 200-period SMA sits below $2,200 and continues to trend upward, supporting the longer-term bullish structure. Related Reading: Chainlink Consolidates Above Key Support – Bulls Eye $20 Range Volume has remained relatively stable, with no spike suggesting institutional accumulation or mass distribution. For bulls to regain full momentum, ETH must reclaim the $2,600–$2,700 resistance and flip it into support. On the downside, a clean break below $2,480 could expose the $2,300 zone once again. Featured image from Dall-E, chart from TradingView

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s bullish expectations. In light of this, a leading crypto analyst warns that current price action lacks the strength needed for a powerful upward move, urging traders to remain cautious. The analyst notes that without a clear breakout signal, entering the market now could expose investors to potential downside risks.  $2,800 Breakout Key For Ethereum Price Bull Rally A new analysis released on the X social media platform by market expert Daan Crypto Trades reveals that the Ethereum price has continued to trade within a well-defined price channel, currently holding above the $2,500 level at $2,527. The analyst emphasized that $2,800 remains the key breakout point that could trigger an Ethereum bull rally.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The market expert shared a chart highlighting that ETH remains confined between a “range low” of $2,313 and a high of $2,736, with multiple failed attempts to break out of this tight structure. The chart also shows that the mid-range level of around $2,519 has become a critical point of control.  Despite a brief rally that pushed the Ethereum price above $2,570 earlier this week, the cryptocurrency was still unable to sustain the upward move, slipping back below the $2,519 level before recovering to its current price of around $2,527. Daan Crypto Trades explains that the reason for Ethereum’s sluggish performance is its continued struggle to establish a solid footing in the $2,500 price region. Given the clear price imbalance in this zone, the analyst advises traders to exercise caution before entering the market.  Within this range, traders may encounter increased price volatility and potential fakeouts, both above and below the key support and resistance levels. Given the unstable market environment, Daan Crypto Trades suggests that until Ethereum breaks and holds above the $2,800 mark, traders are likely to face more sideways action and unpredictable price swings. A clean breakout above $2,800 could be the key to the start of a bullish trend, improving conditions for ETH and pushing it out of its present downtrend.  ETH Four-Year Consolidation Sees An End Market expert Mister Crypto has also shared insights on the current Ethereum price action. The analyst declared in a recent X post that ETH is on the verge of exiting a prolonged multi-year consolidation phase. His chart, which visualizes the cryptocurrency’s historical price movements, marks two key periods—a powerful 48x rally from 2018 through 2021, followed by a four-year horizontal consolidation range that spans from the 2021 top to the present day.   Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analysis suggests that this extended period of range-bound movement could be a prelude to a potentially explosive bull trend, similar to the breakout seen in the past. In line with this, Mister Crypto marks a large open-ended “??X” label on his chart, suggesting the next breakout phase is imminent—though the precise magnitude is left speculative. Featured image from Getty Images, chart from Tradingview.com

Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.” Featured image from Dall.E, chart from TradingView.com

Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. Related Reading: Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement.   Ethereum Price Eyes A $3,300 Breakout  The Ethereum price action is drawing attention as it continues to trade within a well-defined consolidation range, hovering near $2,555 at the time of writing. Based on a recently released technical analysis by crypto analyst Pentoshi on X social media, ETH could be on the verge of a significant move, with $3,300 marked as the next bullish target in the near term.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The crypto expert’s chart reveals that since early May 2025, Ethereum has been locked between two key levels—a support zone around $2,190 and resistance near $2,750. This range has remained intact for over eight weeks, signaling a period of accumulation and low volatility after the sharp decline experienced in the first quarter of the year.  Pentoshi has pinpointed $2,100 as the key downside risk in his bullish outlook, aligning closely with the lower support zone marked on the chart. While the next bullish extension and major resistance level has been identified as $3,300, the analyst expects Ethereum to make a move toward this price level within the next three months. He suggests that the current setup offers a favorable risk-reward profile, estimating a potential upside of roughly 3.2x compared to the downside risk.  Analyst Calls Ethereum A “Powder Keg” In other news, Eric Conner refers to Ethereum as a “powder keg,” highlighting a growing convergence of fundamental factors that are building up pressure and positioning the cryptocurrency for a potentially parabolic move in the market.  Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analyst reports that Stablecoin activity on Ethereum has reached historic highs, with the total market capitalization of on-chain dollar-denominated assets hitting $251 billion—a record that also marks 21 consecutive months of uninterrupted growth. In parallel, Ethereum Spot ETFs have brought in $1.17 billion in net inflows during June alone, marking a major shift in investors’ appetite for ETH exposure.  Even more notable, the amount of Ethereum available for trading is now at its lowest level in nearly a decade, with only nine million ETH tokens on centralized crypto exchanges. This nine-year low in exchange balances signals a drying float, where any fresh demand has an outsized impact on price.  Conner has stated that large-scale crypto investors are beginning to take note. He reports that wallets holding between 1,000 and 10,000 ETH have accumulated more than 800,000 tokens daily during the peak week in June, marking the most aggressive absorption by whales since 2017.  Currently, price action mirrors tension, and the analyst warns that if Ethereum decisively clears the $2,600 resistance level, the combination of supply scarcity, ETF-driven demand, and explosive stablecoin usage could unleash a violent and rapid breakout. Featured image from iStock, chart from Tradingview.com