Ethereum is currently trading at $2,971.88, reflecting a +1.5% gain over the last 24 hours. After successfully breaking past the $3,000 resistance earlier in the week, ETH is holding firm amid strong investor interest, ETF inflows, and increasing institutional accumulation.
In this article, we will look at Ethereum next target and also look at eth technical analysis and eth news.
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Ethereum Next Target
- Current Price: $2,971.88
- 24h Price Change: +1.5%
- 24h Range: $2,919.88 – $3,005.41
- Market Cap: ~$360 billion
- 24h Trading Volume: ~$15 billion
- Circulating Supply: ~120.71 million ETH
Price broke back above 200-day Moving Average ($2,516), which signaled resumption of Uptrend. It’s now reached resistance at $3,000. If it breaks that, price could resume it’s Upternd and revisit $3,450 next.
Fundamentally, there’s a potential positive catalyst in 2025: if US regulators allow ETH Spot ETFs to stake Ethereum.
ETH Technical Indicators
- RSI: Neutral to slightly bullish — no signs of overbought exhaustion
- MACD: Bullish crossover — positive daily momentum intact
- Support Levels: $2,900–$2,920, then $2,800
- Resistance Levels: $3,000–$3,020 (immediate), then $3,100–$3,150
- Trend: Bullish continuation, with short-term consolidation possible
Latest Ethereum News & Developments
- Wall Street Rotation to ETH
Financial institutions are increasingly viewing Ethereum as a yield-generating digital asset. Several firms have pivoted strategies to hold or stake ETH. - ETF Inflows Accelerate
Ethereum spot ETFs have attracted over $890 million in July so far, with large daily inflows adding bullish momentum and pushing ETH above $3,000. - Political & Institutional Interest
A new “Blue Chip” crypto ETF filing includes Ethereum. - Whale Accumulation Ongoing
Despite a few large-scale sales, significant whale wallets have added thousands of ETH. - Bullish Chart Formation
ETH recently completed a bullish flag breakout, signaling a strong technical move. Rising open interest is reinforcing the upward trajectory.
ETH Summary & Outlook
Ethereum is showing strong signs of strength, holding support and attracting significant institutional demand
- Bull Case: Sustained break above $3,020 could push ETH to $3,100–$3,150, with upside potential to $3,300+ in the coming weeks.
- Bear Case: Failure to hold $2,920 may lead to a pullback toward $2,800–$2,850.
👉 Short-Term Outlook: Bullish
📉 Risk Level: Moderate — watch for market volatility and macroeconomic influences
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