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Ethereum Defies Gravity—Bulls Charge Toward New Highs in 2025

Ethereum Defies Gravity—Bulls Charge Toward New Highs in 2025

Author:
Newsbtc
Published:
2025-07-23 03:08:41
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Ethereum isn't just holding its ground—it's priming for another leg up as bullish momentum builds. Here's why traders are doubling down.

Price Action: The ETH Rally Isn't Done Yet

Ethereum's price refuses to buckle, staying stubbornly elevated despite whispers of overextension. Traders are betting this is just the warm-up before a bigger move—because when has crypto ever listened to 'overbought' warnings?

Market Sentiment: Greed Meets Gas Fees

The crowd's all-in, from retail degens to institutional bag-holders (sorry, 'long-term investors'). Even Layer 2 solutions can't compress the fee frenzy when ETH starts running. Classic.

What's Next: The $10K Psychological Magnet

Every chartist and their uncle sees the path to five digits—assuming the SEC doesn't try to 'protect' us into a 50% correction first. Onward, upward, and occasionally downward. Welcome to crypto.

Ethereum Price Aims Fresh Increase Above $3,800

Ethereum price started a fresh increase above the $3,660 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,720 resistance zone to remain in a positive zone.

The bulls even pumped the price above $3,800. Finally, it tested the $3,860 zone. A high was formed at $3,859 and the price recently corrected some gains. There was a MOVE below the 50% Fib retracement level of the upward move from the $3,481 swing low to the $3,859 high.

The price tested the 61.8% Fib retracement level of the upward move from the $3,481 swing low to the $3,859 high. ethereum price is now trading above $3,650 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,670 on the hourly chart of ETH/USD.

On the upside, the price could face resistance NEAR the $3,770 level. The next key resistance is near the $3,800 level. The first major resistance is near the $3,850 level. A clear move above the $3,850 resistance might send the price toward the $3,920 resistance.

Ethereum Price

An upside break above the $3,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term.

Are Downsides Supported In ETH?

If ethereum fails to clear the $3,770 resistance, it could start a downside correction. Initial support on the downside is near the $3,670 level. The first major support sits near the $3,650 zone.

A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,670

Major Resistance Level – $3,800

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