Ethereum Price Prediction: Will ETH’s Bull Run Defy Gravity in July 2025?

Ethereum's rally has traders buzzing—but can it sustain the momentum through July's market turbulence?

The gas fee elephant in the room

While ETH flirts with new highs, network congestion remains the party crasher no one invited. Layer-2 solutions help, but institutional investors still clutch their pearls over $50 sandwich attacks.

Macro winds blowing both ways

Fed rate cuts could pour rocket fuel on the rally—if regulators don't spoil the fun first. The SEC's favorite game of "security or not" continues to hang over smart contract platforms like a sword of Damocles.

The defi wildcard

TVL numbers don't lie: Ethereum remains the beating heart of decentralized finance. But with Solana and Avalanche nipping at its heels, ETH's dominance faces its toughest test yet.

One thing's certain—when ETH moves, the whole crypto casino follows suit. Just don't tell the "diamond hands" crowd that past performance doesn't guarantee future results (especially when VCs are waiting to dump their bags).

Coinglass data shows ethereum open interest has soared to a record $46 billion, surpassing the peaks of the post-US-election and post-inauguration rallies as regulatory promises deliver.

This derivatives activity has amplified upside volatility, as $145 million in short liquidation during Wednesday trading triggered a short squeeze, pushing Ethereum’s weekly gain past 20%.

Ethereum Price Analysis: Can the Rally Continue Through July?

The Ethereum price rally stands to continue, with a full breakout from an ascending broadening wedge pattern still unfolding.

The pattern sets a local top target around $3,750, the highest level reached by Ethereum year to date, but faces tough resistance today around $3,480 as buy pressure begins to show its cracks.

The RSI now sits DEEP in overbought territory at 82, underscoring that the prevailing trend remains firmly bullish despite the near-term friction.

Still, the MACD line continues to widen its gap above the signal line, a strong sign that an uptrend is the prevailing trend despite some friction.

The immediate 0.786 Fibonacci retracement level at $3,190 is the most credible support, marking a correction of 6.3% that could form a base for the next MOVE once volatility tapers off.

From there, a decisive move above $3,480 WOULD confirm a bullish continuation toward the $3,750 target—a potential 20% climb from current levels.

A further advance would place ETH on track to retest its all-time high at $4,100 and potentially enter a price discovery phase, though this likely depends on final approval of the 3 crypto bills.

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