Ethereum getting closer to most important level of this summer
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Technically, ETH has been in a strong uptrend since mid-July. It broke through a descending trendline that had been limiting price advances for almost three weeks and bounced with ease from the $3,300 zone. The 20-day EMA is maintaining bullish momentum, somewhat serving as a guideline for short-term bullish momentum. Before reaching overbought territory, there is still an opportunity for upside, as indicated by the RSI's hovering in the mid-60s.
Although trading volume has been consistent, it occasionally spikes during breakout attempts. It is most likely tied to resistance protectionism from bears. The $3,540-$3,600 mark is a possible high-probability entry area if'Rich Dad Poor Dad' Author Says Only Bitcoin Can Survive in Upcoming Great DepressionAs stop orders and breakout traders pour in, the market may see accelerated momentum once Ethereum breaks through the $4,000 resistance.
Ethereum has witnessed an aggressive rally in 2025 already. The ride could be wild in addition to being fast once $4,000 is broken, showing the conviction of bulls and fundamental strength of Ethereum, which has been gaining dominance one week after another.Litecoin Issues 'Here for You' Dogecoin Tweet, Crypto Community Reacts
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ETH Treasury News: Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’The investment adds to the growing public ether treasuries, which currently hold over 1.34 million ETH, according to a public tracker.
Read more »
Ethereum Price Forecast: ETH defies market correction as SharpLink becomes top corporate ETH holderEthereum (ETH) racked up a 2% gain on Tuesday, defying the correction seen in Bitcoin and other top cryptocurrencies after SharpLink Gaming revealed it expanded its treasury holdings to over 280,000 ETH in the past week.
Read more »
100% Ethereum: Joseph Lubin on His EcosystemEthereum (ETH) co-founder Joseph Lubin explains what SBET, LINEA and ETH have in common
Read more »
Could Ethereum price close July in profit after BTCS' 14,240 ETH purchase?Ethereum (ETH) price is marginally trimming gains, trading at $3,803 on Monday. The leading smart contract token by market capitalization had extended the uptrend, reaching an intraday high of $3,941 before faltering to $3,773 (intraday low).
Read more »
Ethereum Price Analysis: How Close Is ETH to Breaking Above $4K?Crypto Blog
Read more »
Ethereum Price Forecast: ETH turns 10 close to year-to-date highs as Fed decision loomsEthereum (ETH) celebrates its 10th anniversary on Wednesday, marking a decade of powering decentralized applications, smart contracts, and blockchain innovation. ETH's anniversary comes as its price remains close to year-to-date highs, above its key support at $3,730.
Read more »