Ethereum Eyes $3,000–$4,000 Surge as Bulls Take Control

Ethereum (ETH) is showing strong bullish momentum as it breaks past key resistance levels, with analysts predicting a potential surge to $4,000 this summer. The cryptocurrency recently cleared the $2,750 barrier and has now surpassed $2,880, setting the stage for a possible climb toward $3,000 and beyond. According to analyst Chris, ETH could even reach a new all-time high near $5,700 if the current upward trend continues. However, traders should remain cautious, as a drop below the support levels at $2,880 or $2,750 could trigger a downside correction. The market sentiment remains optimistic, with Ethereum poised for a significant breakout in July 2025.

Ethereum Price Poised for $3,000–$4,000 Bullish Breakout in July

Ethereum has surged past the $2,880 resistance level, setting its sights on $3,000 as it eyes a potential bullish breakout toward $4,000. Analyst Chris predicts Ether could climb to $4,000 this summer, with a possible all-time high NEAR $5,700. Key support levels remain at $2,880 and $2,750; a breach below these could trigger a downside correction.

The cryptocurrency recently cleared the $2,750 barrier, with bulls driving ETH above $2,880 before testing $3,000. Despite consolidation, ethereum maintains strength above the 23.6% Fibonacci retracement level of its rally from $2,515 to $3,000. The asset now trades above $2,880 and the 100-hour Simple Moving Average, supported by a bullish trend line at $2,885 on the hourly chart. Immediate resistance lies near $2,980 and $3,000, followed by higher barriers at $3,040 and $3,120.

Chris's bullish outlook suggests Ethereum could rapidly ascend to $4,000 before targeting a new record near $5,700. A typical September correction may follow, but a subsequent rally could propel ETH toward $10,000. Other analysts echo this sentiment, noting Ether's return to its 2024 trading range and an imminent test of the $4,000 ceiling—a sign of renewed momentum and growing investor confidence.

Ethereum Strengthens at $3,000 as Institutional and Futures Demand Surges

Ethereum is reclaiming its position as a market leader, rallying toward $3,000 for the first time since February. The asset now trades near $2,900, marking a 6% daily gain and sustained upward momentum since Tuesday. This resurgence reflects broader crypto market recovery—but Ethereum’s outperformance stems from deeper structural demand.

Institutional players are driving activity. CME’s ETH futures open interest hit $3.27 billion, while global open interest reached an all-time high of 8 million ETH ($22.3 billion). Notably, Ethereum futures volume eclipsed Bitcoin’s at $62.1 billion versus $61.7 billion—a rare inversion signaling shifting capital flows.

Ethereum Advances Toward Censorship-Resistant Scaling with zkEVM Layer-1 Shift

Ethereum is making a significant technical leap by integrating zero-knowledge Ethereum VIRTUAL Machine (zkEVM) capabilities directly into its layer-1 blockchain. Sophia Gold, an Ethereum Foundation developer, revealed plans to deploy L1 zkEVM within a year, accelerating Ethereum's path toward efficient, censorship-resistant scaling.

Zero-knowledge cryptography, already widely adopted in Ethereum's layer-2 solutions, will now be embedded at the chain's core. Validators may soon verify zk-proofs instead of re-executing blocks—a design that could support multiple zkVM implementations simultaneously.

The team targets "real-time proving" capabilities by Devconnect Argentina in November, where block validation WOULD occur within Ethereum's 12-second slot time. This advancement hinges on recent breakthroughs in proving efficiency and hardware optimization.

Coinbase Hires Opyn's Leadership Team to Boost Onchain Derivatives Strategy

Coinbase has made a strategic MOVE to strengthen its position in the onchain derivatives market by hiring Opyn's core leadership team, including CEO Andrew Leone and Head of Research Joe Clark. The acquisition, announced on July 11, highlights Coinbase's aggressive push into decentralized finance (DeFi) and its focus on bringing traditional market functionality to public ledgers.

Leone and Clark are renowned for their pioneering work in DeFi derivatives, having developed innovative instruments like Power Perpetuals and Squeeth. Their expertise is expected to accelerate Coinbase's onchain markets strategy, though the deal does not include Opyn's underlying protocol.

The decision to onboard Opyn's top minds reflects Coinbase's build-buy-partner-invest framework, emphasizing talent acquisition over product or protocol expansion. Leone and Clark's unique blend of DeFi knowledge and traditional market mechanics positions them as key architects in Coinbase's ambitious plans.