Ethereum price found support near the $3,680 zone. ETH is now rising and might soon aim for a move toward the $4,000 zone.

• Ethereum started a fresh increase above the $3,740 and $3,800 levels.
• The price is trading above $3,820 and the 100-hourly Simple Moving Average.
• There was a break above a bearish trend line with resistance at $3,810 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it remains supported above the $3,800 zone in the near term.

Ethereum Price Eyes Fresh Gains

Ethereum price started a downside correction from the $3,940 level, like Bitcoin. ETH price declined below the $3,900 and $3,800 support levels.

The bears even pushed the price below the 50% Fib retracement level of the upward move from the $3,515 swing low to the $3,940 high. Finally, the price spiked below $3,700 and the 100-hourly Simple Moving Average. It tested the $3,680 support zone.

The bulls protected the 61.8% Fib retracement level of the upward move from the $3,515 swing low to the $3,940 high. The price is again rising above the $3,750 level. There was a break above a bearish trend line with resistance at $3,810 on the hourly chart of ETH/USD.

Ethereum price is now trading above $3,820 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,880 level. The next key resistance is near the $3,920 level. The first major resistance is near the $3,940 level. A clear move above the $3,940 resistance might send the price toward the $3,980 resistance.

An upside break above the $3,980 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $3,880 resistance, it could start a downside correction. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,720 zone.

A clear move below the $3,720 support might push the price toward the $3,680 support. Any more losses might send the price toward the $3,565 support level in the near term. The next key support sits at $3,500.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

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

Major Support Level – $3,800

Major Resistance Level – $3,880

Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

Share

Last updated: 

July 14, 2025

A group of Spanish lawmakers wants the country’s financial top regulator to force crypto to carry “traffic light”-style risk warnings.

The Spanish news agency EFE (via MSN ) reported that the Sumar group of MPs wants the National Securities Market Commission (CNMV) to use the system for retail investors.

The group says that the system would let users “clearly and visually” identify the type of asset they are purchasing.

Sumar has sent a written proposal to the regulator. The group complained that a “significant portion” of tokens traded on crypto exchange platforms “lack material backing or any underlying value.”

Traffic Light Crypto Warnings Coming to Spain?

The parliamentary group also wants to rename cryptoassets like Bitcoin (BTC) and Ethereum (ETH).

It proposes using terms like “crypto bets” or “unbacked assets.” The lawmakers justified their request by explaining that coins “do not grant their owners any rights to tangible assets or have any connection to productive activities.”

The traffic light warning system would see the CNMV apply one of three labels to each cryptoasset on an exchange or bank’s investing platform.

• The regulator would give a green light to cryptoassets that are registered, supported, and supervised. These coins would also need to demonstrate stable market performance.
• It would use yellow for cryptoassets that have “limited backing” or display moderate volatility.
• An orange light would identify “unsupervised” coins with high risk levels.
• And a final red label would be reserved for “speculative assets with no identified issuer or material backing.”

Crypto Concentrates Wealth, Say Lawmakers

Sumar said it is wary of “extreme forms of fictitious capital that do not generate value, but rather generate volatility, inequality, and wealth concentration.”

Carlos Martín Urriza, the Sumar spokesperson for Economy and Finance, said policymakers should protect retail investors from assets that are not backed by a verified asset or collateral.

He added that crypto trading is often more similar to betting than to investing. Furthermore, Sumar wants the CNMV to force banks and exchanges to ensure their customers read pre-purchase information on cryptoassets before allowing them to buy coins.

This should apply regardless of a token’s individual classification, Sumar said. It added that these mandatory warnings must be clearly summarized and contain visual elements.

Sumar suggested that the CNMV use prominent warning systems. It said the regulator should base its models on those already used in sectors such as gambling or tobacco sales.

Restrict Access to AI-powered Trading, MPs Urge

Sumar lawmakers also want to create specific regulations for algorithmic trading pools. And the group wants to restrict retail investors’ access to trading platforms that use AI or algorithms.

Sumar is a left-wing coalition comprising 20 parties that was first formed to run in the July 2023 general elections.

Although it does not have a representation in the Senate, it has 31 lawmakers in the lower house, the Congress of Deputies. It makes up one of the 11 political blocs in Prime Minister Pedro Sánchez’s ruling coalition.

This year has seen some of Spain’s largest banks move into the crypto sector as the popularity of coins continues to grow on the Iberian Peninsula.