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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

According to an on-chain analyst on X, Bitcoin has decoupled from other cryptocurrencies or altcoins, which could lead to a severe price downturn within the market over the next day. Why Traders Should Brace For Impact In a July 18 post on the social media platform X, Joao Wedson, founder of crypto analytics firm Alphractal, reported that the Bitcoin price might witness a significant drop over the next day. The crypto analyst based his conclusion on multiple results obtained from on-chain analysis using three major metrics.  Related Reading: Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise First, Wedson referenced an earlier post made on X by Alphractal, saying that the market is currently dominated by long positions. According to the analyst, the effect of these long positions wouldn’t necessarily last long in a market where the shorts have been liquidated — a phenomenon which also holds for the reverse case.  The chart above is from the Correlation Heatmap – BTCUSDT versus ALTCOINS metric, which reads the trajectory of the two crypto categories and compares them. Using the chart as a foundation, Wedson mentioned that altcoins are decoupling from Bitcoin.  When altcoins cease to follow the premier cryptocurrency’s lead, the development could be subject to a couple of interpretations, which affect market sentiment. As a result, it is normal to expect increased market volatility. Wedson also referenced the Altcoin Season Index Vs Bitcoin metric, which is used to measure if altcoins are outperforming Bitcoin within a specific period. According to the analyst, this Altcoin Season Index is currently on the rise, which is typically a positive sign for the altcoins.  However, if historical trends are anything to go by, a rising Altcoin Season Index might be a negative signal for Bitcoin. Wedson explained that the Bitcoin market might experience a dump, dragging along with it the currently rising Altcoins, to re-establish market balance. The crypto pundit also cited the Alpha Quant Signal as an influence in his conclusion. Wedson pointed out that the metric flashed a sell, which was expected, seeing as some significant whales recently added to the sell pressure on Bitcoin by selling a fraction of their holdings. Outlook For The Altcoins Even as the market flashes ominous signs, Joao Wedson expressed optimism in the viability of the beginning of an altcoin rally, saying he doesn’t believe this is the final leg down for the crypto market. “But it’s likely a sign that the market is about to form a new price base. So be cautious with the traps that might show up along the way,” the analyst added.  Related Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It As of this writing, Bitcoin is valued at about $117,783, reflecting a mere 0.2% price increase in the past 24 hours. Representing the other camp, Ethereum, the “king of altcoins,” jumped by 2.23% in 24 hours and is currently valued at $3,562. Featured image from Shutterstock, chart from TradingView

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. Related Reading: XRP MVRV Ratio Flashes Signal That Last Led To 630% Surge The metric works by going through the transaction history of each coin on the network to see what price it was last moved at. If this previous transfer value was more than the current spot price for any token, then that particular token is assumed be in a state of net unrealized loss. Similarly, a coin with a cost basis below the latest price is considered in profit. The NUPL sums up the degree of profit/loss involved in both cases and calculates the difference between them. When the value of the indicator is positive, it means the investors as a whole are sitting in a state of net unrealized profit. On the other hand, it being under the zero mark implies the dominance of loss in the market. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin NUPL over the past few years: As is visible in the above graph, the Ethereum NUPL observed a significant decline earlier in the year when the asset’s price plummeted. In this plunge, the indicator went down to around -0.2, which suggests investors dipped into a net state of loss. Not just that, the level of relative unrealized loss present on the network was notable enough for the sentiment to be flagged as “capitulation” under Glassnode’s methodology. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC Often, cryptocurrency markets move in the direction that the crowd least expects, so the presence of a high amount of loss can lead to a bottom. From the chart, this seems to be what occurred when the NUPL dropped into the capitulation zone. With the price surge that has followed since this low, sentiment among Ethereum investors has naturally marked an improvement. The NUPL may be to keep an eye on, however, as once the balance shifts overwhelmingly towards profit, another shift in the market could become probable: this one to a downtrend. ETH Price Ethereum has broken away from Bitcoin as its price has jumped by more than 20% over the past week, reaching the $3,600 level. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600 for the first time in months. As of the time of writing, ETH trades at $3,617, marking a 5.4% increase within the past 24 hours. This rally has been drawing attention from analysts who are examining whether the price movement is being driven by sustainable investor demand or short-term speculative activity. Related Reading: Ethereum Shorts Are Getting Crushed: Could ETH Be Eyeing a New All-Time High? Ethereum Futures Market Leads, But Spot Demand Lags Behind Data from on-chain analytics firm CryptoQuant suggests the recent uptrend in Ethereum’s price is primarily fueled by the derivatives market. Contributor Avocado Onchain noted that while ETH continues to move higher, the underlying source of momentum appears to be leverage-heavy futures positions rather than sustained buying in the spot market. This distinction raises questions about the durability of the current rally and whether follow-through demand from spot buyers will emerge. Avocado further highlighted in his QuickTake analysis titled “Ethereum’s Rally Driven by Futures Market — Will Spot Demand Follow?” that the Ethereum Futures Volume Bubble Map is signaling an overheated state in specific zones, indicated by surging volumes. This increase in futures volume, marked by yellow circles on the map, has coincided with ETH’s price gains, implying leveraged positions are largely responsible for the rise. In contrast, the spot market data shows relative stability, with no equivalent spike in volume, suggesting that buying pressure from traditional investors has yet to catch up. The analyst also pointed out that Ethereum’s Open Interest (OI) in futures has reached new all-time highs, which strengthens the idea that the current movement is speculative in nature. The question moving forward, according to Avocado, is whether momentum from the derivatives market will eventually be matched by genuine spot market demand. If such demand materializes, it could contribute to broader altcoin market activity, he added. Institutional Interest and ETF Inflows In a separate insight, another CryptoQuant analyst, Crypto Dan, noted increasing signs of institutional participation in Ethereum accumulation. According to his analysis, ETH is trading at a premium on Coinbase, a platform frequently used by US-based institutions and large investors, indicating heightened buying interest from whales. The premium, described as rare in recent times, aligns with a broader trend of capital inflows into Ethereum-focused spot ETFs, which have recently reached record daily highs. Dan stated that while current metrics do not indicate overheating, investors should remain aware of potential risks should the strong upward activity repeat in the second half of 2025. Related Reading: Ethereum Road To $10,000: Replay Of May’s Playbook Predicts Another Breakout For now, however, the combination of rising institutional demand and growing ETF allocations may provide structural support for Ethereum, especially if the spot market begins to reinforce the momentum sparked in the futures space. Featured image created with DALL-E, Chart from TradingView

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

Ethereum’s recent price trajectory has caught the attention of traders and analysts, as the asset extends its bullish rally well into today. With the price currently hovering around $3,420, Ethereum has registered a daily gain of 7.7% and a weekly surge of more than 23%. The momentum follows a decisive breakout above the $3,000 level earlier this week, sparking renewed optimism across the derivatives and spot markets. The latest insights from the on-chain analytics platform CryptoQuant provide context for Ethereum’s price action, suggesting that activity on Binance is a major catalyst. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst Ethereum Short Liquidations Shift Market Dynamics CryptoQuant contributor Darkfost notes that the recent uptick coincides with a structural shift in the derivatives market, particularly around short liquidations. A deeper analysis of exchange flows and taker behavior further supports the case for sustained upward movement, with indicators suggesting that Ethereum may be positioning itself to revisit previous highs. According to Darkfost, Ethereum’s current rally follows a prolonged five-month correction phase that began in December 2024. During this period, the market experienced a flush of long positions, especially on Binance, contributing to what he describes as a necessary “cleanup” in the derivatives space. This recalibration helped reset speculative positioning and laid the groundwork for the recovery observed since late April. Now, the pattern has reversed. “Short liquidations are now dominating on Binance,” Darkfost observed, emphasizing how forced exits of bearish positions are reinforcing Ethereum’s upward price momentum. Liquidation data shows multiple short squeezes in recent weeks, with volumes reaching $32 million and $35 million, respectively. This trend suggests that many traders are positioned counter to the prevailing market movement, adding fuel to the rally as they’re forced to close out positions. Darkfost also highlighted that, if this pace of short liquidations continues, Ethereum may be poised to test its all-time high. He added that ongoing inflows into spot Ethereum ETFs and increasing adoption by institutions viewing ETH as a long-term asset could further support this potential breakout. Taker Volume on Binance Hints at Bullish Continuation In a separate post, CryptoQuant analyst Crazzyblockk pointed to taker-side activity on Binance as another critical signal. The ETH Taker Buy/Sell Ratio (7-day moving average) recently crossed the 1.00 threshold, signaling stronger buy-side pressure from market participants. This shift was accompanied by a spike in price volatility, which reached 261.5, mirroring Ethereum’s latest price surge beyond $3,434. Related Reading: Ethereum Price Breaks Out: Smashes $3,400 Mark in Bullish Run Crazzyblockk noted that this pattern, rising buy-side taker volume aligned with surging volatility, has historically preceded extended price rallies. The divergence between taker long and short volumes further underlines dominant bullish sentiment. The analyst emphasized that tracking taker momentum on Binance may offer early signals for future market direction, as the Ethereum price appears highly responsive to activity on the platform. Featured image created with 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

Ethereum price started a fresh increase above the $3,500 zone. ETH is now showing bullish signs and might continue to rise toward the $3,800 zone. Ethereum started a fresh increase above the $3,350 level. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,490 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,350 zone in the near term. Ethereum Price Rises Further Above $3,500 Ethereum price started a fresh increase above the $3,220 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,350 resistance zone to remain in a positive zone. The bulls even pumped the price above $3,500. Finally, it tested the $3,620 zone. A high was formed at $3,627 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,627 high. Ethereum price is now trading above $3,500 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,500 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,630 level. The next key resistance is near the $3,650 level. The first major resistance is near the $3,720 level. A clear move above the $3,720 resistance might send the price toward the $3,800 resistance. An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $4,000 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,630 resistance, it could start a downside correction. Initial support on the downside is near the $3,550 level. The first major support sits near the $3,500 zone and the trend line. A clear move below the $3,500 support might push the price toward the $3,420 support. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,500 Major Resistance Level – $3,650

Ethereum price started a fresh increase above the $3,220 zone. ETH is now consolidating gains and might correct lower toward the $3,220 zone. Ethereum started a fresh increase above the $3,150 level. The price is trading near $3,250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,220 zone in the near term. Ethereum Price Extends Gains Above $3,300 Ethereum price started a fresh increase above the $3,000 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,050 resistance zone and entered a positive zone. The bulls even pumped the price above $3,250. Finally, it tested the $3,420 zone. A high was formed at $3,423 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,423 high. Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,300 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,350 level. The next key resistance is near the $3,400 level. The first major resistance is near the $3,420 level. A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $3,420 resistance, it could start a downside correction. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,220 zone. A clear move below the $3,220 support might push the price toward the $3,180 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,300 Major Resistance Level – $3,420

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 price started a fresh increase above the $3,020 zone. ETH is now consolidating gains and might correct lower toward the $3,040 zone. Ethereum started a fresh increase above the $3,040 level. The price is trading near $3,050 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,000 zone in the near term. Ethereum Price Extends Gains Above $3,000 Ethereum price started a fresh increase above the $2,880 zone, outperforming Bitcoin. ETH price gained pace for a move above the $2,950 resistance zone and entered a positive zone. The bulls even pumped the price above $3,050. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD. Finally, it tested the $3,150 zone. A high was formed at $3,152 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,935 swing low to the $3,152 high. Ethereum price is now trading above $3,000 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,120 level. The next key resistance is near the $3,150 level. The first major resistance is near the $3,220 level. A clear move above the $3,220 resistance might send the price toward the $3,300 resistance. An upside break above the $3,300 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,450 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a downside correction. Initial support on the downside is near the $3,100 level. The first major support sits near the $3,040 zone. A clear move below the $3,040 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,950 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,000 Major Resistance Level – $3,150

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 price started a fresh increase above the $3,000 zone. ETH is now consolidating gains and might correct lower toward the $2,900 zone. Ethereum started a fresh increase above the $3,000 level. The price is trading near $2,940 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,900 zone in the near term. Ethereum Price Rallies Above $3,000 Ethereum price started a fresh increase above the $2,800 zone, like Bitcoin. ETH price gained pace for a move above the $2,880 resistance zone and entered a positive zone. The bulls even pumped the price above $2,920. Finally, it tested the $3,080 zone. A high was formed at $3,081 and the price is now consolidating gains. There was a move below the 50% Fib retracement level of the upward move from the $2,905 swing low to the $3,081 high. Besides, there was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH/USD. Ethereum price is now trading near $2,940 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,040 level. A clear move above the $3,040 resistance might send the price toward the $3,080 resistance. An upside break above the $3,080 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a downside correction. Initial support on the downside is near the $2,940 level and the 76.4% Fib retracement level of the upward move from the $2,905 swing low to the $3,081 high. The first major support sits near the $2,900 zone. A clear move below the $2,900 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,720 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,900 Major Resistance Level – $3,000

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 touched the $3,000 price level once again after spending weeks trading in a narrow range beneath $2,800. This recent breakout, although brief, marks the first time Ethereum reclaimed this level since early February. According to technical analyst Merlijn The Trader, Ethereum’s next destination after breaking past $3,000 is already in sight. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Bull Flag Breakout Points To Measured Move For Ethereum Ethereum went through an interesting rally last week alongside Bitcoin’s push to new all-time highs. However, this Ethereum price rally, which saw it touch $3,000 again, wasn’t based on momentum spillover from Bitcoin alone. This is because Ethereum itself experienced significant institutional interest from Spot Ethereum ETFs.  According to data from SoSoValue, US-based Spot Ethereum ETFs recorded a combined $907.99 million in inflows last week, their best week since the products launched in July 2024. Thursday, July 10, alone was highlighted by inflows of $383.10 million, making it the largest single-day inflow for any Ethereum ETF in 2025 so far. In a post shared on the social media platform X, crypto analyst Merlijn pointed to a confirmed bull flag breakout on Ethereum’s daily candlestick timeframe chart. Interestingly, the technical setup proposed by the analyst follows a falling wedge reversal that preceded the current uptrend.  According to the chart attached to his analysis, the falling wedge that led to the reversal was formed from the December 2024 highs to the April 2025 lows, with the breakout occurring in mid-May. The breakout eventually saw Ethereum entering into a tight flag-like consolidation that spanned between May and June, until the most recent breakout above $2,700. That pattern has now resolved to the upside, and the next technical level of interest is a measured move based on the price action that formed the pole of the bull flag. This measured move places the next technical level of price interest at $3,834.  Image From X: Merlijn The Trader 80% Of ETH Now In Profit On-chain indicators further validate Ethereum’s current strength. According to data from on-chain analytics platform Santiment, Ethereum’s price action has been dancing around the $3,000 mark since Friday, crossing it multiple times intraday. During this back and forth, 124.13 million ETH out of the 155.04 million total supply crossed into profitability, which represents 79.96% of all tokens. This reading is particularly interesting as it is the highest percentage recorded since January 2025. Image From X: Santiment The same data shows Ethereum is just 13 million coins away from matching the total supply in profit at its previous all-time high of profitability recorded in December 2024. This shift toward a profit-heavy network state tends to encourage holding behavior and long-term conviction, which could translate into reduced sell pressure in the coming week. This, in turn, could see Ethereum close a daily candle above $3,000 and move toward the $3,834 price target during the new week. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout At the time of writing, Ethereum is trading at $2,960, up by 17.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Popular market analyst with X username Daan Crypto has provided an important insight into the Ethereum market, stating the altcoin finds itself in a delicate price situation. Notably, Ethereum (ETH) prices crossed above $2,800, a critical resistance level, before briefly touching the $3,000 zone. During this period, the second-largest cryptocurrency registered market gains of 16.77% to produce a remarkable price performance. Related Reading: Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence Bulls Eye $4,000 As Long-Term Range Breakout Holds In an X post on July 12, Daan Crypto explains that $2,800 has acted as a long-standing resistance capping Ethereum price action on both sides over the past two years. Following recent bullish fortune, the prominent altcoin decisively broke through this price barrier, signaling intent for further price gains. However, the price retracement from $3,000 suggests the bulls are facing immediate profit-taking pressure that may force a return below $2,800. According to Daan Crypto, while a quick price dip and buy-back up may not harm current bullish sentiments, a stalled price action under $2,800 may force ETH to revisit lower levels around $2,100-$2,160. The analyst highlights that ETH bulls maintaining a price point above $2,800 is critical to sustaining the present bullish structure, paving the way for a price return to the market cycle peak at $4,000. From a risk/reward perspective, this level now offers traders a clear invalidation point that market bulls remain in control as long as ETH stays above $2,800. Interestingly, the Moving Average Convergence Divergence (MACD) indicator on the ETH daily chart backs the potential of a sustained price uptrend. This is because the MACD line recently crossed above the signal line, which is largely interpreted as a bullish signal. However, it’s worth noting that the Relative Strength Index (RSI) is valued at 71.12, in the overbought zone. This report suggests Ethereum holds strong potential of becoming an overheated market, resulting in a wide spread distribution. Related Reading: Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst Ethereum Market Overview At the time of writing, Ethereum trades at $2,966 on the daily chart, reflecting a 0.11% decline in the past day. Despite the minor pullback, the asset has posted an impressive 16.53% gain over the past month, indicating that the majority of investors remain in profit. According to data from blockchain analytics firm Sentora, the Ethereum network recorded total network fees of $6.04 million, representing a modest 0.60% drop compared to the previous week. This slight decline in fees points to a small reduction in transaction activity on the network. Meanwhile, crypto exchanges registered outflows of $493 million, suggesting investors are opting to keep their assets in private wallets. Such behavior typically reflects growing confidence in the market, as users are less inclined to sell and more likely to hold in anticipation of continued price appreciation. Featured image from Pexels, 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 price started a fresh increase above the $2,800 zone. ETH is now consolidating gains and might aim for a fresh move above $3,000. Ethereum started a fresh increase above the $2,850 level. The price is trading above $2,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,885 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,840 zone in the near term. Ethereum Price Rallies Above $2,880 Ethereum price started a fresh increase above the $2,750 zone, like Bitcoin. ETH price gained pace for a move above the $2,800 resistance zone and entered a positive zone. The bulls even pumped the price above $2,880. Finally, it tested the $3,000 zone. A high was formed at $3,000 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,515 swing low to the $3,000 high. Ethereum price is now trading above $2,880 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,885 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,040 level. A clear move above the $3,040 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term. Are Downsides Limited In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a downside correction. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone and the trend line. A clear move below the $2,880 support might push the price toward the $2,750 support or the 50% Fib retracement level of the upward move from the $2,515 swing low to the $3,000 high. Any more losses might send the price toward the $2,720 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,000

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 price started a fresh increase above the $2,720 zone. ETH is now consolidating gains and might aim for a fresh move above $2,800. Ethereum started a fresh increase above the $2,650 level. The price is trading above $2,720 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,720 zone in the near term. Ethereum Price Rallies Above $2,700 Ethereum price started a fresh increase above the $2,650 zone, beating Bitcoin. ETH price gained pace for a move above the $2,720 resistance zone and entered a positive zone. The price even tested the $2,800 resistance. A high was formed at $2,795 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Ethereum price is now trading above $2,720 and the 100-hourly Simple Moving Average. Besides, there is a key parabolic curve forming with support at $2,750 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,800 level. The next key resistance is near the $2,840 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,910 resistance. An upside break above the $2,910 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,980 resistance zone or even $3,000 in the near term. Are Downsides Supported In ETH? If Ethereum fails to clear the $2,800 resistance, it could start a fresh decline. Initial support on the downside is near the $2,750 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support or the 50% Fib retracement level of the upward move from the $2,516 swing low to the $2,795 high. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,800

Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of Correlation To Other Assets In a post on X, the institutional DeFi solutions provider Sentora (previously IntoTheBlock) has talked about how the latest Correlation Matrix has looked between the two largest cryptocurrencies, Bitcoin and Ethereum, and traditional markets. The “Correlation Matrix” here refers to an indicator that tells us how closely tied together the prices of two given assets currently are. When the value of this metric is positive, it means the assets are reacting to moves in each other by moving in the same direction to some degree. The closer the metric is to 1, the stronger the relationship. Related Reading: Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? On the other hand, the indicator being under the zero mark implies there is a negative correlation between the two prices. That is, they are moving in opposite directions. For this side of the scale, the extreme point is -1. Naturally, the Correlation Matrix showing a value exactly equal to zero suggests there is no correlation whatsoever between the assets. In statistics, the two variables are said to be ‘independent’ in this case. Now, here is the table shared by Sentora that shows how the Correlation Matrix of Bitcoin and Ethereum stands with respect to some traditional markets: As is visible above, the index that Bitcoin and Ethereum have the strongest positive correlation to is DAX. That said, the Correlation Matrix stands at 0.46 for ETH, meaning that while some correlation does exist, it’s not too intense. This isn’t the case for Bitcoin, which has the indicator sitting at 0.85, indicating its price is pretty in tandem with DAX. Likewise, BTC has a notable correlation to other stock market indices, with a metric value of 0.7, 0.68, and 0.69 for the Russel 2000, S&P 500, and Dow Jones Industrial Average, respectively. In contrast, Ethereum is almost fully independent from these indices, with the indicator standing quite close to zero for each of them. For US Dollar Index and VIX Index, the last two markets listed in the table, the Correlation Matrix is inside the negative zone for Bitcoin. This means that the digital asset has actively been moving against these indices. Related Reading: Ethereum ETF Inflows Hit 8-Week Streak—Institutions Still Buying “Right now, the spotlight is on the U.S. Dollar Index (DXY): if geopolitical and macro tensions drag the dollar lower, that backdrop could create room for another leg higher in BTC,” notes the analytics firm. Just like with the stocks, Ethereum is displaying little correlation to DXY and VIX, further reinforcing that the cryptocurrency has been following a trajectory of its own recently. BTC Price Bitcoin is mounting another bullish push as its price surges to $109,400, but it remains to be seen whether its fate will be any different from the weekend move. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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