Ethereum Breaks Key Resistance: Bullish Momentum Points to $3,300 Target

Ethereum has surged past the $3,000 mark, solidifying its position above critical moving averages and igniting bullish sentiment among analysts. The breakthrough follows a period of consolidation, with technical indicators now suggesting further upside potential. A prominent bull flag pattern has emerged on charts, pointing to a possible rally toward $3,300. The Relative Strength Index (RSI) also supports the optimistic outlook, reinforcing expectations of sustained momentum. This development underscores Ethereum's resilience and growing dominance in the cryptocurrency market as of July 2025.

Ethereum Surges Past $3,000 as Bullish Technical Patterns Emerge

Ethereum has decisively broken through the $3,000 barrier, trading firmly above its 50, 100, and 200-day moving averages—a trifecta of technical indicators signaling sustained bullish momentum. The MOVE comes after weeks of consolidation, with analysts interpreting the breakout as a precursor to further gains.

A bull flag pattern now visible on charts suggests potential upside to $3,300, while the Relative Strength Index hovering above 70 confirms strong buying pressure. Market observers note that maintaining support at $2,800 could pave the way for a rapid ascent toward the $3,200-$4,000 price gap left by earlier market movements.

Trading volume expansion during the breakout lends credence to the move's validity. The cryptocurrency's ability to hold above multiple moving averages creates a robust technical foundation, with these levels now expected to serve as dynamic support during any retracements.

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Tornado Cash Developer Roman Storm Faces Money Laundering Trial

Roman Storm, a developer behind the privacy-focused cryptocurrency mixer Tornado Cash, is set to stand trial in Manhattan on charges of money laundering, sanctions violations, and operating an unlicensed money-transmitting business. The case, which begins Monday, could result in a 45-year prison sentence if Storm is convicted.

Prosecutors allege Tornado Cash facilitated the laundering of over $1 billion in criminal proceeds, including funds tied to North Korea's Lazarus Group. Storm's defense argues he merely developed open-source software with legitimate privacy applications. The outcome may set a precedent for developer liability in decentralized finance.

Ethereum Price Rally Accelerates as Technical and On-Chain Signals Flash Bullish

Ethereum surged past $3,050, marking a 120% rebound from April lows as crypto markets extend their rally. The move coincides with two critical technical developments: a golden cross formation on the daily chart and a breakout from a bullish flag pattern. Momentum indicators like the ADX rising above 24 confirm strong trend strength.

Exchange reserves tell a parallel story. Nearly 3.5 million ETH have exited trading platforms this year, with balances dropping to 7.29 million tokens. This sustained migration to self-custody suggests long-term holders are battening down for higher prices. Market structure now points toward a potential test of $4,000 resistance.