Ethereum is currently trading around $3,860, holding steady amid strong bullish pressure. July’s momentum has been exceptional, driving ETH nearly 50% higher, fueled by institutional inflows, ETF excitement, and the platform’s upcoming 10-year anniversary.
In this article, we will look at ETH Next target and latest news.
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ETH Next Target
- Current Price: ~$3,860 (as of July 28–30: high was ~$3,941)
- 24h Price Change: ~+3% prior 24h
- Market Cap: ~$460 billion (based on circulating supply ~120.7M)
- 24h Trading Volume: ~$35–$40 billion
- Circulating Supply: ~120.7 million ETH
ETH is facing rejection from the daily order block resistance, a key level to watch closely. This resistance has historically acted as a strong barrier, and price action shows a struggle to break above it.
A short-term correction is expected until ETH successfully breaks out and retests this order block resistance, which could then signal a bullish continuation.
Key Technical Indicators
- RSI: Overbought (around 83–85), signaling caution for near-term pullback
- Moving Averages: ETH remains above critical EMA levels (100‐ and 200‑day), maintaining a strong technical structure
- Support Levels: approx. $3,600–$3,700; key pivot around $3,600
- Resistance Levels: $3,880–$3,917 zone, then psychological target above $4,000 toward $4,800
- Trend: Strongly bullish—July chart forms a breakout pattern after extended consolidation, but momentum shows signs of short-term fatigue
Latest ETH News & Developments
- ETF & Institutional Demand
Spot ETH ETF inflows surged to $5.1 billion in July, despite ETH’s market cap being under one-fifth of Bitcoin’s. BlackRock’s staking-linked ETF filing received initial SEC acknowledgment. - Robinhood’s Staking Surge
ETH unstaking volumes climbed as Robinhood introduced a 2% ETH match incentive. - Anniversary NFT & Ecosystem Buzz
Ethereum will celebrate its 10th anniversary on July 30 with a global livestream and a free “Ethereum Torch” NFT mint. Weekly Ethereum NFT volume has surged to ~$75 million, up 300% in just two weeks. - Ultra-Bullish Forecasts
Market watchers like Fundstrat’s Tom Lee predict ETH could hit $15,000 by year-end, driven by institutional integration and ETF adoption. Analysts are now eyeing a breakout above $4,800 if current dynamics hold.
Summary & Outlook
Ethereum’s July performance has been nothing short of spectacular, with nearly +49% growth. The confluence of spot ETF inflows, staking-related developments, and anniversary-driven publicity has bolstered market confidence.
- Bull Case: If ETH clears resistance around $3,900, we may see a push toward $4,000–$4,800 in short order. Longer-term models continue to forecast $6,000–$15,000 value potential if institutional adoption continues.
- Bear Case: A failure to hold $3,600–$3,700 could trigger a mild retracement toward $3,300–$3,400, though underlying bullish structure remains intact.
👉 Short-Term Outlook: Bullish, with moderate risk of consolidation
📉 Risk Level: Moderate – overbought RSI and upcoming regulatory/news events may fuel volatility
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