Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating gains and might aim for a fresh move above $2,620.
With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin.
Ethereum (ETH) price has been quietly rebuilding strength after weeks of sideways movement, leaving traders wondering if a major breakout is around the corner. With the price hovering above $2,600 and key technical signals flashing early bullish signs, all eyes are on whether ETH price can push above its next resistance and reclaim the $3,000 level soon. In this article, we break down Ethereum price daily chart, examine support and resistance levels, study the momentum indicators, and run a few quick calculations to predict where ETH could be headed next. If you’re watching ETH price closely, this analysis will help you understand what comes next for the world’s second-largest cryptocurrency.Ethereum Price Prediction: Is Ethereum Building Strength for a Bigger Move?ETH/USD Daily Chart- TradingViewLooking at the daily chart you shared, Ethereum (ETH) price is trading around $2,620–$2,623 with a steady upward bias. The Heikin Ashi candles show a period of consolidation above $2,500, forming a tight range with slightly higher lows — a sign that buyers are slowly regaining control.The Relative Strength Index (RSI) sits at 59.9, just shy of the crucial 60 mark that often precedes a stronger push. It means ETH price is not overbought yet — there’s room for a continuation. The RSI is also comfortably above its moving average (around 52), showing upward momentum is building again.What Are the Key Levels to Watch on This ETH Price Chart?The chart highlights Fibonacci extension levels, which show clear upside targets. The visible Fibonacci grid suggests a key short-term resistance near $2,750–$2,800, with the next levels around $3,000 and $3,200.Given the previous bounce from the May lows, the rally leg was about $2,000 to $2,900 — a move of $900. If we take the recent low near $2,400 and add a similar swing, a measured move target comes to:$2,400 + $900 = $3,300This aligns well with the Fibonacci cluster you marked above $3,200. It suggests that if Ethereum price breaks above $2,750 with volume, a move towards $3,200–$3,300 is technically realistic.How Strong Is the Current Support Zone?On the downside, the chart shows ETH price has repeatedly defended the $2,400–$2,500 region. This has now formed a solid base. Multiple tests without breakdown imply that whales are likely accumulating below $2,500.As long as Ethereum price stays above this floor, the short-term risk remains limited. If price dips back to this zone, it may act as a springboard for bulls to push higher again.What Does the RSI Tell Us About Momentum?The RSI reading near 60 is promising. Typically, for ETH price, when the RSI crosses 60 on the daily, it signals the start of a momentum phase that can last a few weeks. For example, the big rally earlier this year started when RSI went from 45 to 65, and price surged nearly 40%.Using a similar percentage, a 40% move from the recent swing low ($2,400) could target:$2,400 + (0.40 × $2,400) = $2,400 + $960 = $3,360Again, this matches the measured move and the upper Fibonacci zone.Ethereum Price Prediction: Where Could ETH Be Headed Next?Based on the price structure, support zone, and RSI momentum, Ethereum price looks ready to test $2,750–$2,800 soon. If bulls manage to break and close above $2,800 on strong daily volume, the next logical leg is toward $3,200–$3,300.If the market stalls or Bitcoin pulls back, ETH price could retest $2,500–$2,550 as support. But unless that level is lost with heavy selling, the bias stays bullish.ETH Looks Primed for a $3,200 PushEthereum price daily chart shows it is quietly building strength for a fresh breakout. With RSI momentum intact, a strong support base, and clear Fibonacci targets, traders should watch the $2,750–$2,800 level like a hawk. A breakout above that could unlock the path to $3,200–$3,300 in the coming weeks — giving bulls nearly a 20–25% upside from current levels. For now, the trend remains constructive — but always keep an eye on Bitcoin for confirmation. If BTC stays stable, ETH price next move could surprise on the upside.Looking to Buy ETH? Try OKXOKX is a top choice to buy ETH. With low trading fees, extensive token listings, and an intuitive interface, it’s a preferred platform for many crypto traders across Europe.Special Promotion – Limited TimeUntil September 14, 2025, OKX is hosting an exclusive McLaren F1 Team giveaway:--> Receive a complimentary McLaren F1 Team cap<--Enter to win a VIP trackside experience in Zandvoort (Aug 29–31)This offer is open to all new European users who haven’t yet traded on OKX. Don’t wait – claim your reward today!$ETH, $Ethereum, $ETHPrice, $EthereumPrice
Adapt Fast — Ethereum’s Gas Problem Gets a SolutionContinue reading on Coinmonks »
Ethereum is still struggling below $3,000 despite the Bitcoin price sitting close to all-time highs. At the current levels, Ethereum continues to look incredibly bearish, with sell-offs dominating the market at this level. While piling shorts are pointing to a possible relief rally, there is also the possibility that the price will crash back down from here. Crypto analyst Weslad maps out the ETH price trajectory using the ABCDE wave structure, showing a possible crash below $2,000. The Bullish Ethereum Scenario Weslad points to the 2021 Ethereum peak when the price reached $4,851 as the point when a large-scale symmetrical pennant had formed for the digital asset. Interestingly, this has continued for multiple years already, and continues to play out even in 2025, four years later. So far, the analyst believes that the altcoin has been in a long-term accumulation phase in a defined corrective range. Another important development is the formation of an ABCDE wave pattern. This pattern often predicts peaks and troughs, and depending on where the asset is in the pattern, it could point to a recovery or a crash. Presently, the crypto analyst puts the Ethereum price as being somewhere in a D wave, which is still bullish for the price. “Currently, price action is developing near point D, approaching the upper boundary of the pennant, a crucial area that could define the next directional move,” the analyst said. If this D wave plays out as expected, then the Ethereum price is expected to actually surge from here. The top of this pattern would put it above $3,500 before the move is completed. On the upper end of this is the formation of an Inverse Head and Shoulders Pattern. This pattern has seen the $2,855 acting as key resistance, beating the Ethereum price down multiple times this year. However, if a sustained break is achieved above this level, in conjunction with a breakout from Wave D, then it is possible that the price does rally to new all-time highs above $6,000. The Bearish Scenario While the formation of the ABCDE wave count points to some bullishness for the Ethereum price, there is still the possibility that the price could go in the opposite direction. For example, after the D wave is completed, comes the next wave in the sequence, which is the E wave, and this is a bearish wave. As the crypto analyst explains, a temporary rejection at the neckline or pennant resistance would trigger an E wave retracement. In this case, the Ethereum price could see an over 30% crash, putting it back toward the $1,400-$1,800 level, where there is the most support. “Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout,” Weslad warned. “A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.”
TLDR:
Ethereum (ETH) is looking upbeat once again as it tries to wrestle some measure of control from the bears. The second-largest cryptocurrency by market capitalization is currently mimicking the early explosive growth of Bitcoin itself, raising possibilities of a major price breakout, according to one popular crypto analyst on X (formerly Twitter). Crypto GEMs, the X commentator in question, tweeted the similarity between BTC’s major price appreciation in early 2024 and Ethereum’s price action in recent months. According to another tweet by the same account, Ethereum is primed for an explosive rally, one that will take it above $4.2k in the coming months as the bull market intensifies. Ethereum has had a disappointing 2024-2025 bull market overall when it comes to comparing it to the previous two cycles of 2016-2017 and 2020-2021. The premier programmable language has struggled to adapt to change and has encountered several dead ends in its development over the last couple of years. However, there is still a chance that ETH can provide the goods in the near future, as it is starting to show some promise. Ethereum’s Recent Price Action Here is the ETH/USD price action for the last three months: Image Source: TradingView According to this graph, ETH has been quietly trending upward over the last couple of months, following lows in early May. The crypto attempted to move to $3,000 early in June but failed to break through and is now trading around the $ 2,600 valuation. The coin currently has a massive $312 billion valuation, and a major move is expected to raise the stakes of crypto to new heights, potentially overtaking some of the major companies in terms of valuation. Will ETH Finally Take Off Now? ETH’s 2024-2025 bull market journey has been one to forget overall. The crypto has yet to post a new All-Time High (ATH) during this cycle and remains stuck with one setback in November 2021, worth just below $5,000. A coin that cannot even surpass previous bull market highs in a new bull season is technically in decline, and ETH seems to be a textbook example of this case. BTC’s 2021 high was $69, and it is already sitting confidently around $110k, so there is a clear contrast in performance. However, there is still time for ETH to turn things around, and analysts are predicting a last hurrah for the digital currency in the coming months. It needs to make a clear move, first above $3k and then onwards towards $5k, or it could be bad news for it. The digital asset has been one of the cornerstones of the crypto market for the better part of 8 years, but if it fails to perform in the ensuing months, there is a real possibility that it will start to fade away. Other programmable networks, such as Solana, Sui, Tron, and Chainlink, could be gearing up to take their place.
Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum (ETH).
In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value.
Lee says that ETH should have a much higher value because of the market value of the projects that are being built on the layer-1 blockchain, including Circle, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin (EURC). USDC and EURC were initially launched on the Ethereum blockchain.
“I’ll just give you something simple to think about… Circle, which has been a very successful IPO (initial public offering), and it’s been the most successful IPO in the last few years, and it’s crypto. Crypto has been one of the best equities, and now the best IPOs. But Circle trades at around 100 times EBITDA (earnings before interest, taxes, depreciation and amortization). A 1% yield or a 1% EBITDA yield is a pretty sizable multiple. But stablecoins really operate off a layer-1. A lot of Circle operates off Ethereum. And if you look at the tech stack, typically, the more you get into that layer-1 level, the higher the multiple should be for the business, because it actually benefits from the multiple applications sitting on top of it…
On that same metric, Ethereum should have a much higher multiple… Ethereum would be very undervalued if you were looking at Circle relative to layer-1. So Ethereum probably could go to $10,000 or something. If the world suddenly realized we’re going to tokenize more things, and these tokenized assets, like tokenized dollars, trade at 100 times EBITDA, what should the blockchain be valued at? ETH should maybe be worth a lot more money.”
ETH is trading for $2,502 at time of writing, down 2.9% in the last 24 hours.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Timofeev Vladimir
The post Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000 appeared first on The Daily Hodl.
A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins. In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000. “Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!” Source: Ali Martinez/X BTC is trading for $109,644 at time of writing, a fractional increase on the day. Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range. “Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.” Source: Ali Martinez/X ETH is valued at $2,579 at time of writing, a marginal increase on the day. Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low. “Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.” Source: Ali Martinez/X DOGE is trading for $0.17 at time of writing. Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out. Source: Ali Martinez/X SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours. Newsletter]   Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana appeared first on The Daily Hodl.
Institutional demand grows while ETH faces resistance at $2,642 amid declining derivatives activity.