Ethereum’s Bullish Breakout: Targets $3,000 as Key Resistance Falls

Ethereum has recently broken through a significant resistance level at $2,516, signaling strong bullish momentum and setting the stage for potential upward movement. With targets now set at $2,760 and $3,000, the cryptocurrency is demonstrating resilience and growth. Currently trading at $2,514 with a 24-hour volume of $12.16 billion, Ethereum has posted modest gains, climbing 3.7% over the past week. This performance is further supported by its breach of the 200-day moving average, a key technical indicator often watched by traders. The Relative Strength Index (RSI) stands at 51.95, indicating neutral market sentiment. However, traders should remain cautious, as a drop below 48.60 could signal weakening momentum. Despite this, the overall outlook for Ethereum remains positive, with the potential for further gains if the current bullish trend holds. As of July 8, 2025, Ethereum's trajectory suggests continued interest and confidence in its long-term value proposition within the cryptocurrency market.

Ethereum’s Bullish Momentum: Will It Hold Above $2,430?

Ethereum breaks through a key resistance level at $2,516, signaling potential upward movement with targets at $2,760 and $3,000. The RSI at 51.95 indicates neutral market sentiment, though a drop below 48.60 could foreshadow weakening momentum.

Trading at $2,514 with a 24-hour volume of $12.16 billion, ethereum shows modest gains. The cryptocurrency has climbed 3.7% over the past week, buoyed by its breach of the 200-day moving average—a technical milestone often preceding sustained rallies.

Market observers point to the anticipated 2025 launch of spot ETF staking as a potential catalyst for further gains. Support levels remain firm at $2,400 and $2,100, providing a floor for any near-term pullbacks.

Robinhood’s Tokenized Stock Plan Threatens NYSE Fees, Galaxy Says

Robinhood Markets is disrupting traditional finance with its blockchain-based stock tokens, a MOVE analysts warn could divert trading volume from the New York Stock Exchange. The platform has launched tokens for over 200 U.S. stocks and ETFs for EU customers, including tech giants like Nvidia, Apple, and Microsoft.

These commission-free tokens operate nearly 24/5, with plans for full round-the-clock trading upon the launch of Robinhood Chain, an Ethereum-compatible Layer-2 solution on Arbitrum. Galaxy Digital highlights the potential liquidity drain from traditional venues as users trade real-market stocks as on-chain derivatives.

CEO Vlad Tenev outlined the strategy in Paris, revealing partnerships with Arbitrum to issue tokens backed 1:1 by custodial shares. By year-end, Robinhood aims to expand its token offerings to thousands and enable full 24/7 trading—a direct challenge to legacy exchange revenue models.

Ethereum ETF Demand Could Propel ETH to $8,500 by Late 2025

Ethereum's price trajectory hinges on institutional inflows and ETF adoption, with analysts projecting an $8,500 target by late 2025. The second-largest cryptocurrency currently trades at $2,559, consolidating within a symmetrical triangle pattern after rebounding from a weekly low of $2,450.

Technical indicators reveal a critical inflection point, with all key EMAs converging between $2,486 and $2,525. A decisive breakout above $2,560 resistance could trigger moves toward $2,723, while failure to hold $2,478 support may precipitate a decline to $2,320. Market momentum remains neutral with RSI at 49, reflecting balanced pressure between bulls and bears.

The symmetrical triangle formation typically precedes volatile breakouts, with ETF inflows potentially serving as the catalyst for Ethereum's next major move. Institutional capital continues accumulating despite the current consolidation, suggesting long-term confidence in ETH's value proposition.

Vitalik Buterin Finalizes EIP-7983 to Cap Ethereum Gas Limit

Ethereum co-founder Vitalik Buterin has cemented a critical network upgrade with EIP-7983, slashing the transaction gas limit to 16.77 million—a hard cap designed to fortify the blockchain against systemic risks. The move, co-authored with researcher Toni Wahrstätter, reflects Ethereum's evolving security calculus as it prioritizes stability over per-block flexibility.

By mandating automatic rejection of transactions exceeding the 2²⁴ gas threshold, the proposal eliminates edge cases where single smart contracts could monopolize entire blocks. This surgical constraint targets denial-of-service vulnerabilities while imposing predictable cost ceilings for developers.

The 45% reduction from the initially floated 30 million limit has ignited vigorous debate among Core developers. Network architects now face the delicate balance between throughput constraints and robust decentralization—a tension inherent to Ethereum's layered scaling roadmap.