Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 19, 2025

Ethereum has delivered one of the most impressive performances of 2025, surging over 20% in the past seven days, strengthening ETH bulls’ conviction as they target the $4,000 mark as the next key psychological resistance to overcome.

Currently trading at $3,505 after recently adding more than $120 billion to its market capitalization, the majority of these capital inflows originated from U.S. spot Ether ETFs, which attracted over $2.18 billion in weekly inflows, pushing total inflows to a record-breaking $7.49 billion.

Ethereum On-Chain Volume Surges 280% Signaling ETH Demand

Beyond ETF flows, retail investors and long-term Ethereum whales have continued to remain highly active.

Analytics reveal that Ethereum’s on-chain volume has skyrocketed by over 280% in the past 12 days, elevating the cryptocurrency’s daily usage to approximately $5 billion.

Likewise, the Ethereum DeFi TVL has exceeded $80 billion, representing ten times the size of its competitor, Solana, while the stablecoin market capitalization has reached a record $130 billion.

With the United States progressing the GENIUS stablecoin legislation, many analysts believe Ethereum stands to benefit significantly, given that most infrastructure supporting stablecoin operations is constructed on its network.

Ethereum’s market dominance has entered an upward-only trajectory.

For over three years, ETH experienced price suppression despite substantial network upgrades.

However, prices have now begun catching up, with popular crypto investor TedPillows forecasting a $4,000 target in the near term.

Technical Analysis: Ethereum 3+ Years Suppression Targets $4,000 Breakout

From a technical perspective, the Ethereum (ETH/USD) daily chart indicates a decisive bullish breakout, with the price advancing above a critical resistance level within the $3,250–$3,500 range.

The momentum appears aggressive, fueled by a decisive break of structure (BOS) and a clean bounce from the $2,500 support level, which previously served as a consolidation foundation.

The chart identifies $4,105 as the strong high objective, corresponding with a previous major resistance zone.

Nevertheless, the RSI reading of 84.38 indicates deep overbought conditions, suggesting a potential short-term pullback or consolidation before the trend continues.

Should Ethereum maintain levels above the current resistance-turned-support, the upward movement will likely extend toward the $4,100 objective.

Failure to sustain this breakout could prompt a retracement toward the $2,950–$3,250 area, where buy-side liquidity might reignite bullish momentum.

Best Wallet Raises $14M As 250K Users Ride ETH’s DeFi Wave

Ethereum’s success has historically served as a catalyst for rallies in DeFi tokens and altcoins generally.

Now that ETH is positioning for new highs, Ethereum-based crypto wallet Best Wallet has returned to investor attention.

Launched in late 2024, Best Wallet currently claims more than 250,000 active users and an expanding DeFi ecosystem supported by its native utility and governance token, $BEST.

With a presale that has already secured over $14 million and key platform features being deployed, numerous investors view it as one of the best-positioned projects ahead of broader mass adoption.

The $BEST token is currently priced at $0.025355, with only 4.5% of the token supply available in this round, ensuring scarcity.

Interested parties can visit the presale website to purchase portions of the available supply before it is depleted.

$BEST holders also benefit from enhanced staking APYs and voting rights on future upgrades and protocol modifications within the wallet ecosystem.

Ethereum blasted past $3.6K for the first time since January.

And as the Kobeissi Letter pointed out, it’s right in the middle of one of the biggest short squeezes crypto has ever seen.

Here’s what happened:

At the start of July, tons of traders were shorting ETH.

(Quick explainer: shorting = betting the price will drop. You borrow ETH, sell it now, and hope to buy it back cheaper later so you can keep the difference. But if the price goes up instead, you lose money.)

But at the same time, big dawgs like Ethereum treasury companies and ETFs were steadily buying ETH.

Matter of fact, ETFs just had their best two days ever – $1.32B in inflows.

Now, here’s the problem for the shorts: because demand was steadily building, ETH started increasing. And since they were betting against it, they started losing money.

On top of that, many of those shorts were using leverage (basically borrowing even more money to make their bets bigger), so their losses added up even faster.

Eventually, the losses got so big that exchanges automatically closed their positions – something called liquidation.

To close out, these traders had to buy ETH to pay back what they borrowed.

But here’s the thing: when a bunch of short sellers are forced to buy at the same time, it pushes the price even higher.

And that higher price forces even more shorts to close, which increases the price more.

That’s the vicious cycle known as a short squeeze– and we’re seeing it play out in full force right now.

This cycle has already pumped ETH 40%+ this month and added over $130B to its market cap.

Billions in shorts have already been liquidated, and if ETH climbs another ~10%, another billion dollars in short positions could be wiped out.

If this keeps up, $4K ETH isn’t far off, Kobeissi says.

And ETH isn’t the only altcoin having a moment.

XRP set a new all-time high above $3.60 today, and its market cap topped $200B for the first time ever.

All this altcoin action pushed the entire crypto market past the $4T level – another all-time record.

But why are the vibes soo good?

To be continued…

Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across the broader crypto market.

According to CryptoSlate data, ETH’s price peaked at $3,033 during the last 24 hours amid a 9% increase. However, its value has slightly retraced to $2,991 as of press time.

This milestone follows Bitcoin’s explosive rally to a new all-time high above $118,000, which has sparked renewed interest in risk-on digital assets.

While this momentum has partially fueled Ethereum’s rise, the second-largest crypto is also backed by significant on-chain developments and investor activity.

What is fuelling ETH’s price rise?

On-chain data reveals that ETH reserves held on centralized exchanges have fallen to an all-time low of 18.59 million, reducing the available supply. At the same time, staked ETH has climbed to a record high of 29.91 million.

Combined, these trends point toward a classic supply squeeze, where less circulating ETH and increased staking can amplify upward price pressure.

Meanwhile, Ethereum continues to solidify its role in digital asset infrastructure. In Q2 2025, Ethereum processed over $4 trillion in stablecoin transfer volume—an all-time high for the network.

Moreover, institutional demand is also rising, with Ethereum’s use in tokenization, crypto treasuries, and ETF flows helping to drive market confidence.

Considering this, crypto analyst Pentoshi said:

“[ETH] is still very early to this trade. I dont know if it will be today, tomorrow, or next month. But I think we are going to look back at what is right in front of your eyes and think. I can’t believe it was so obvious. The amount of capital starting to flow into eth, will lead to big moves. and all we have to do, is do nothing.”

Notably, Arthur Hayes, former CEO of BitMEX, is also bullish on Ethereum’s future. Hayes has predicted that ETH will outperform Bitcoin in the coming months, suggesting that a “monster alt season” is on the horizon.

Is the Ethereum Foundation selling ETH?

Amid ETH’s rally, a crypto wallet linked to the Ethereum Foundation (EF) has sparked controversy by selling $3.5 million worth of ETH.

According to Lookonchain, the wallet sold 1,210 ETH on July 10, executing multiple transactions at an average price of $2,890 per ETH.

Meanwhile, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, clarified that the Foundation did not conduct the sale.

Instead, the sale was made by Argot Collective, a non-profit development organization that is a spin-off of the Ethereum Foundation.

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Earlier this week, Ethereum experienced a notable uptick after a period of bearish pressure that halted previous upward attempts. However, this renewed bullish momentum appears to be losing steam as ETH’s price saw a pullback on Thursday. Despite this pullback, ETH’s derivatives market continued to show strong momentum.

A Dramatic Uptick In Ethereum Open Interest

As Thursday drew closer to a close, Ethereum took a hit and fell below the $2,700 price mark, flipping the level into a resistance once again. While the altcoin’s price declined to key support levels, Glassnode, a leading data analytics platform, reported a major advancement in ETH’s on-chain activity.

This advancement, outlined by Glassnode, is evidenced by a recent surge in Ethereum Cash-Margined Futures Open Interest. According to the on-chain platform, the cash-margined futures open interest has experienced a dramatic surge to a new all-time high.

Data from the platform shows that the key investor behavior metric has risen to a $20 billion milestone. It is worth noting that this sharp growth in the open interest comes after the metric previously dropped significantly to $8 billion in early Q2 of this year. 

Since the futures open interest’s notable rise to a new all-time high comes in light of a recent pullback, it implies that the derivatives landscape of the network is experiencing a resurgence of activity. Furthermore, it indicates that traders are becoming increasingly interested in ETH without relying on crypto-backed collateral, which is often a sign of more institutional involvement.

Glassnode highlighted that leverage keeps increasing as traders fill up with stablecoins, even though there has been a minor retreat from the $2,800 levels. Such a divergence might suggest that traders are still betting on the altcoin in anticipation of a major rally in the short term.

ETH’s Decline Brings Its Price Below Cost Basis Distribution

ETH’s recent pullback has raised concerns as its price drops below the Cost Basis Distribution at the $2,760 level, where 800,000 ETH were held, and the $2,700 and $2,740 price range, where approximately 1.3 million ETH were purchased. These levels, which previously served as strong support following the altcoin’s remarkable upward move, are now acting as robust resistance levels once more.

Related Reading: Ethereum Large Transactions Jump 100% In 24 Hours, Will ETH Whales Drive Altcoin Season?

Presently, the cost basis bands are more fairly distributed, with each $50 band holding 200,000–400,000 ETH and ranging from $2,760 to $3,420 above spot. However, Glassnode claims there is no dominant resistance until $3,417, where 607,950 ETH are held.

Should Ethereum’s price reclaim the $2,700 and $2,760 range, the altcoin’s path is once again open to the $3,420 point. Nonetheless, how soon ETH can rise to this critical resistance level will depend on the response from holders in the $2,800–$3,300 price zone.

Featured image from Getty Images, chart from Tradingview.com

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A trader and analyst who accurately predicted the Bitcoin (BTC) bottom in November of 2022 is warning that Ethereum (ETH) is looking bearish overall on the weekly chart.

In a new video, the trader pseudonymously known as DonAlt tells the 66,200 subscribers of the TechnicalRoundup YouTube channel that ETH needs to reclaim the $2,000 level as support to start looking bullish again.

“The ETH chart, we’ve just broken down a bunch, and it needs to reclaim a little bit to look bullish. So right now, it’s still quite aggressively bearish, but we had a little bit of a good week. Reclaim $2,000 and we can start talking about major trend shift that we haven’t had in a long time.”

DonAlt also says that ETH needs to hold two key levels as support on the daily chart to keep alive the chance for a bullish reversal.

“What cannot be lost is basically down here [at ~$1,670]. Like you don’t want to see any close below here and you don’t want to see any move below the impulse move [at ~$1,540].”

ETH is trading for $1,764 at time of writing, down 2.2% in the last 24 hours.

Looking at Bitcoin, the analyst says if BTC can hold $90,000 as support on the weekly chart, it would likely confirm a bullish trend.

“Below here [$89,000], very scary. Close above $90,000 [on the weekly], early signal that the trend has shifted back to bullish again.”

Bitcoin is trading for $93,506 at time of writing, flat on the day.

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Technical Analysis

By Edris Derakhshi

The Daily Chart

On the daily timeframe, ETH remains firmly in a bearish structure, consistently printing lower highs and lower lows. The rejection from the $2,200 region and a subsequent breakdown below $1,900 has re-established bearish momentum, with the price now heading toward the next major demand zone around $1,600.

The 200-day moving average also trends slightly downward and sits far above price action, reinforcing long-term bearish bias. Moreover, the RSI is hovering near the oversold region, but without any bullish divergence or momentum shift, there’s little sign of a reversal. Unless ETH reclaims $2,200 with strong conviction, the path of least resistance remains to the downside.

The 4-Hour Chart

The 4-hour chart confirms the breakdown of the rising channel that supported ETH’s previous recovery attempts. The price failed to hold above the $1,900 level, which had acted as support during consolidation, and is now grinding lower, at nearly $1,800.

The clean rejection from $2,100 and the sharp selloff suggest that buyers lost momentum quickly, and sellers stepped in with force. The RSI is also currently in deep oversold territory, but without a strong bounce or bullish structure forming, there’s little evidence of dip-buying interest. For now, ETH looks weak, and even if a short-term bounce occurs, it may be capped at $1,900 unless stronger buyers step in.

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Funding Rates

Ethereum funding rates across all major exchanges have flipped to neutral or slightly negative, signaling a significant reduction in aggressive long positioning. This shift suggests that traders have become more defensive and less willing to chase upside, which typically aligns with a cooling-off period or continued downside drift.

While neutral funding may reduce the likelihood of a liquidation cascade, it also indicates that confidence is lacking for a strong bullish reversal. Sentiment remains cautious, and unless there is a resurgence of positive funding coupled with reclaiming key technical levels, the market is likely to stay under pressure.

The post Ethereum Price Analysis: Assessing ETH’s Outlook After Dropping to $1,800 appeared first on CryptoPotato.

On Tuesday, Ethereum (ETH) retested the $2,000 support zone, falling below this level for the first time in over a year. Some analysts suggested the second-largest crypto risks a 40% correction as its price attempts to hold its support level “between heaven and hell.”

Related Reading

Monday Dump Sends Ethereum To 15-Month Low

Ethereum has fallen to a yearly low of $1,993, according to Binance market data. The cryptocurrency has dropped below $2,000 for the first time in 15 months, hitting its lowest price since late November 2023.

Amid the February market retraces, ETH failed to hold the $3,000 level, hovering between the $2,500 and $2,8’00 price range for most of the month, despite the February 3 market crash to $2,100.

However, the end-of-month correction saw Ethereum bleed 17% to a new low of $2,076. Per Coinglass Data, the King of Altcoins closed last month with a 31.95% decline, registering its first February Close with red numbers since 2018.

ETH recovered 17% on Sunday, attempting to reclaim the $2,500 resistance level after US President Donald Trump announced the establishment of a “Crypto Strategic Reserve,” which will have Bitcoin and Ethereum “at the heart” of it.

On Monday, ETH fell below the $2,000 mark during the market’s dump and risks dropping another 40%. Ali Martinez highlighted that Ethereum could fall as low as $1,250 if it doesn’t reclaim some key levels.

The analyst noted that Ethereum has been consolidating in a parallel channel since 2024, bouncing from the channel’s upper boundary to the middle or lower boundary before bouncing back to the upper zone.

Nonetheless, ETH broke below the channel’s lower boundary after dipping below $2,200 last week. If the cryptocurrency doesn’t reclaim the channel’s lower boundary, its price could retrace to the $1,600 or even $1,250 support zones.

Martinez noted that Ethereum’s most critical resistance barrier is at the $2,400 mark, where over 2.41 million investors bought 62,68 million ETH. To the analyst, a breakout above this level could “clear the path for a rally toward $3,000.”

ETH Following Bear Market Years’ Playbook?

As Ethereum retested the barrier “between heaven and hell,” some market watchers pointed out that ETH’s recent performance resembles its 2018 and 2022 price action.

According to the pseudonym trader 5.0 Inverted, the king of altcoins is “following 2018 and 2022 bear market price action.” The chart shows that ETH steadily declined throughout those years, retracing 82,71% and 68.29% in 2018 and 2022, respectively.

Related Reading

The cryptocurrency saw small price rallies in the first six months of both years but continued the downtrend. ETH has declined 36.4% year-to-date (YTD), showing a similar performance to the mentioned years.

Another trader suggested that Ethereum dropped 60% from $4,200 to $1,800 last cycle before pumping 170% to its $4,800 all-time high (ATH) in the coming months. Based on 2021’s playbook, the cryptocurrency might continue its negative performance before recovering at the end of the year.

At the time of writing, ETH has recovered nearly 7% from its drop below $2,000 and trades at $2,135.

Featured Image from Unsplash.com, Chart from TradingView.com